After self-driving unit, Uber sells off air taxi business Elevate
Uber's air taxi enterprise, Uber Elevate has been acquired by Toyota Motor-backed Joby Aviation. Uber will invest $75 million in Joby as part of the deal and will also allow it to use Uber's app to offer air taxi rides when the company starts offering services. The deal comes days after Uber sold off its self-driving unit to Aurora. 