Uber Technologies is in cutting edge converses with sell its air taxi business, "Uber Elevate", to aviation firm Joby Aviation, news site Axios revealed bit.ly/37qqMKN on Wednesday, refering to sources.
Uber didn't promptly react to a Reuters demand for input.
Its offers rose over 6% after the news.
Hyundai Motor Co, which in January reported an association with Uber Elevate to create electric air taxis, didn't quickly react to a solicitation for input.
With Uber's business shook by the COVID-19 pandemic, the organization cut 23% of its labor force in May as a feature of forceful cost slices and pledged to zero in on its center ride-hailing and food-conveyance organizations.
Uber has been dealing with different organizations, including the improvement of self-driving vehicles, the Elevate venture and a cargo coordinations organization.
The organization is additionally in converses with sell its self-driving business.
