Uber sells air taxi business Elevate to Joby Aviation, shedding its last moonshot
TechCrunch
DECEMBER 8, 2020
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. The $75 million investment comes in addition to a previously undisclosed $50 million investment made as part of Joby’s Series C financing round in January 2020 , Uber said.
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