Uber has abandoned its effort to build a so-called “flying car,” taking it out of the race to launch an air-taxi service. Joby Aviation, which is developing its own all-electric, vertical take-off and landing passenger aircraft (eVTOL), has agreed to acquire Uber’s flying-car unit — Uber Elevate — for an undisclosed sum, Joby announced on Tuesday, December 8. As part of the deal, Uber has agreed to invest a $75 million in Joby, which follows a...
Full ArticleUber sells its flying-taxi business to another flying-taxi business
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Uber sells its 'flying taxi' business to startup Joby
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A day after unloading its self-driving vehicle unit, Uber Technologies Inc. on Tuesday parted ways with its "flying taxi" business.