Posted inAerospace

Uber eyes profit with sale of air taxi division to Joby

In a major deal that reshapes the electric vertical takeoff and landing urban air mobility segment, ride-sharing giant Uber Technologies has sold its loss-making flying taxi division, Elevate, to a Santa Cruz, Californian startup as it abandons costly side projects in an attempt to turn a profit, The Guardian reported. The sale to Joby Aviation […]

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