Wednesday, November 29, 2023

Uber has sold its air taxi business

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“We were proud to partner with Uber Elevate last year and we are even more proud to welcome them to the Joby team today,” said JoeBen Bevirt, Founder and CEO of Joby Aviation in a Tuesday outing.

“This agreement allows us to deepen our partnership with Joby, the undisputed leader in this field, in order to accelerate the time-to-market of these technologies,” added Uber CEO Dara Khosrowshahi. “We are excited that their transformational mobility solution becomes available to the millions of customers who rely on our platform. “

Details of the deal were not made public, although Joby announced that Uber intended to “invest an additional $ 75 million in Joby as part of a larger deal … and an extended partnership between the two parent companies ”. Uber also invested $ 50 million in the company last January.


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