Uber sells air taxi business Elevate to Joby Aviation, shedding its last moonshot
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Joby Aviation
Uber
Toyota
these technologies.”While Joby
Khosrowshahi’s
Lime
Jump
Aurora Innovation
Joby, Aurora
ATG
the U.S. Securities and Exchange Commission
Uber Freight
Greenbriar Equity Group
People
Dara Khosrowshahi
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Postmates
New York
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Summary
Uber has offloaded its air taxi enterprise Elevate to Joby Aviation, the last of several moonshots to be sold by the ride-hailing company in a pursuit to stick to its core business and reach profitability.The transaction announced Tuesday is part of a complex deal that includes Uber investing $75 million into Joby and an expanded partnership between the two companies.
As said here by Kirsten Korosec