Uber sold its private air travel division, Uber Elevate, to Joby Aviation, a California-based aerospace company that has long aimed to develop aerial vehicles for taxi services and short rides within city areas. , fully electric and with vertical take-off and landing.
Uber is selling its flying car project, Elevate, to Joby Aviation and is investing $ 75M into the company as part of the deal; terms were not disclosed (Phil LeBeau / CNBC) https://t.co/xVTBG4IG5T #TechNews #TechTips pic.twitter.com/Dgx9gjX17U
– Vanuatu Tech Feed (@vanuatutech) December 8, 2020
The deal will allow Joby to use the Uber app once its “air taxis” are ready. According to CNBC, they could already be in 2023. Uber, on the other hand, can save millions of dollars in the next few years that would have been used to develop the same service independently.
The terms of the deal are not known, but Uber has invested $ 75 million in Joby Aviation (it had already invested another 50 million earlier this year).
