Uber is in advanced talks to sell its Uber Elevate unit to Joby Aviation, Axios reported Wednesday, citing multiple sources. A deal could be announced later this month. From the report: Uber Elevate was formed to develop a network of self-driving air taxis, but to date has been most notable for its annual conference devoted to the nascent industry. The sale…
Tag: Uber Elevate
Uber on the Hunt For Strategic Alternatives for Uber Elevate
Uber is seeking strategic alternatives for its Uber Elevate business, including strategic partnerships or a partial sale, Axios reported Friday, citing multiple sources. From the report: This reflects Uber CEO Dara Khosrowshahi’s obsession with achieving profitability, as evidenced by partial sales of Uber’s money-losing freight and self-driving units. Uber Elevate’s goal is to develop a network of self-driving taxis, with its…