Uber sells air taxi business Elevate to Joby Aviation, shedding its last moonshot
TechCrunch
DECEMBER 8, 2020
Last year, Uber and Joby, which is developing an all-electric, vertical take-off and landing passenger aircraft, signed on as a vehicle partner for Uber’s Elevate initiative. In the spring, Uber led a $170 million funding round in micromobility startup Lime. As part of the deal, Lime acquired Uber’s micromobility subsidiary Jump.
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