Uber sells its flying-taxi business to another flying-taxi business

WorldNews

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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...

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