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Uber is reportedly 'in advanced talks' to sell its flying taxi division
The company appears to be focusing on safer bets as it seeks profitability.
Uber is in advanced talks with Joby Aviation to sell its flying taxi division, Axios reports. An Uber spokesperson declined to comment to Engadget on the possible deal for Uber Elevate. However, the sale could be confirmed within the next few weeks.
Joby Aviation previously agreed to partner with Uber on air taxi services. Elevate previously ran a helicopter service in New York City, but Uber put that on hold amid the COVID-19 pandemic.
It appears that Uber is focusing on safer bets on its path to profitability in the near term. Elevate’s planned autonomous flying taxi service is likely several years away. The company this week sealed its purchase of Postmates, which will start bringing in revenue now. Uber is also said to be in talks to sell its self-driving unit.
Update 2/12 1:55PM: A previous version of this story stated that the deal was complete. Shortly after publishing, Axios updated its report to note that talks are ongoing.
