Joby Aviation to acquire Uber Elevate.

Joby Aviation, a company engaged in the development of an electric air taxi, agreed to acquire Uber Elevate, an electric passenger aircraft developer. Financial terms were not disclosed. The transaction is expected to close in early Q1 2021, subject to regulatory review and customary closing conditions. Advanced air mobility has the potential to be exponentially positive for the environment and future generations. This deal allows us to deepen our partnership with Joby, the clear leader in this field, to accelerate the path to market for these technologies. We're excited for their transformational mobility solution to become available to the millions of customers who rely on our platform," Dara Khosrowshahi, Uber CEO.