Business

Joby Aviation Receives $500 Million from Toyota for 2025 Commercial Air Taxi Launch

Toyota is making a significant additional investment of $500 million into Joby Aviation, a startup focused on developing air taxis. This new funding will support Joby’s efforts in gaining certification and ramping up commercial production of its electric vertical takeoff and landing (eVTOL) aircraft. Toyota’s total investment in the California-based company now reaches $894 million,…

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Business

Fintech Innovator PEXX Raises $4.5 Million to Revolutionize Stablecoin Payments

Singapore startup PEXX has successfully completed a $4.5 million seed funding round aimed at further developing its innovative stablecoin-to-fiat payments platform. The investment was led by venture capital firm TNB Aura, with support from early stage investor Antler and strategic investor EMO Capital, and aims to accelerate the transformation of cross-border transactions, the company announced.…

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Business

Major Investment: Apollo Global Commits $11 Billion to Intel’s Ireland Plant

Buyout firm Apollo Global Management will acquire a %49 equity interest in Intel’s manufacturing facility in Ireland for $11 billion, the companies announced Tuesday. Apollo will take ownership of the Fab 34 facility in Leixlip, Ireland, which is the U.S. chipmaker’s first mass production site for Intel’s 4 manufacturing process, which uses extreme ultraviolet lithography…

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