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.

Sponsored Links

The Hyundai S-A1 electric Urban Air Mobility concept is displayed January 7, 2020 at the 2020 Consumer Electronics Show (CES) in Las Vegas, Nevada. - The flying taxi is designed for Uber Elevate's upcoming urban air travel service. The modular Fiat Centoventi concept car is displayed, January 7, 2020 at the 2020 Consumer Electronics Show (CES) in Las Vegas, Nevada. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images)
ROBYN BECK via Getty Images

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.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Popular on Engadget