The California-based eVTOL startup is moving forward with manufacturing plans to produce electric air taxis, with help from Toyota, Uber and Delta Airlines.

Joby Aviation raised $500 million from Toyota, the largest single round of funding for a flying taxi startup in years.

Electric air taxi production is receiving a big boost from Toyota. The motor company has awarded Joby Aviation an additional $500 million dollars to help fund their four-seat aircrafts (a.k.a electric air taxis).

Japanese auto giant Toyota Motor is investing $500 million in Joby Aviation to support the U.S. electric air taxi company’s launch of commercial passenger services, which are slated to begin as soon as next year.

It’s not science fiction anymore: New York City could, in the near future, see air taxis buzzing around the skies.

The Japanese automaker announced an investment of $500 million on Wednesday, on top of the $394 million in prior investments

Shares of Joby Aviation (NYSE:JOBY) were launched more than 20% higher in Wednesday’s premarket trading thanks to another $500M investment by Japanese carmaker Toyota Motor Corp (NYSE:TM). The investment will enable Joby (JOBY) to expand its commercialization of an electric air taxi and bring Toyota’s (TM) total investment in Joby (JOBY) to $894M.

Toyota is doubling down on Joby Aviation with a $500 million investment into the California-based company that's developing electric air taxis. Toyota's

Auto giant Toyota is investing another $500 million into Joby, which pioneered the first test flight of an air taxi over the skies of New York City.The Latest Tech News, Delivered to Your Inbox

While we’re still waiting for those flying cars, Toyota is betting high and hard on electric air taxis. The automaker just earmarked another $500 million for Joby Aviation, which increases Toyota’s total support (so far) to nearly 900 million dollars.