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Uber sells its flying taxi division as offloading continues
With reported losses of over $600 million last quarter, Uber has continued to sell off some of its more experimental arms with the offloading of Uber Elevate.
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Joby Aviation
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Joby Aviation raises $590 million to launch air taxi service
Over the past 10 years, Joby Aviation has reportedly developed a quiet, all-electric VTOL (vertical take-off and landing) aircraft, which aims to be instrumental in the commercial launch of the emerging on-demand urban air taxi market.
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Community Air Mobility Initiative (CAMI) aims to develop and support air mobility integration
The Community Air Mobility Initiative (CAMI), a non-profit industry association dedicated to providing communities and decision makers with the information needed to successfully integrate aviation into daily transportation options, has officially launched.
