Uber reportedly will sell its flying taxi business to secretive startup Joby Aviation

Uber’s bold and quixotic effort to launch a flying taxi service is coming in for a touchdown. According to Axios, the ride-hailing firm has agreed to promote its Uber Elevate division to secretive startup Joby Aviation.

The information comes as Uber CEO Dara Khosrowshahi makes an attempt to push his firm nearer to profitability, which incorporates the sale of the money-losing components of the enterprise. The corporate can be mentioned to be exploring the sale of its autonomous car division. A spokesperson for Uber declined to remark.


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