flying taxi

Uber in talks to sell its Air Taxi division to Joby Aviation


Uber is in advanced talks to sell its flying taxi division, Uber Elevate to Joby Aviation, Axios reported. A deal is expected to be announced later this month.

Uber Elevate had a helicopter service running in New York City, but Uber put that on hold amid the COVID-19 pandemic. The unit had around 80 employees.

The sale comes as Uber is focusing on attaining profitability. Reportedly, The company is in talks to sell its self-driving unit too.

Joby Aviation had previously partnered with Uber Elevate and has raised over $700 million from firms like Toyota, Intel and JetBlue.

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