We need to be in the front row of these opportunities. … If flying cars happen, Toyota will be there.

Jim Alder, head of Toyota AI Ventures, said of opportunities to invest in electric air taxi startups. A study revealed that investors are shifting focus from ground transportation to air travel in 2020, which could radically change the understanding of transportation. Joby Aviation, an air taxi startup based in Silicon Valley, has been valued at $450 million and has powerful investors such as Intel, JetBlue Airways and Toyota Motor Corp. (Reuters — December 9, 2019)