Uber sells its airline division, Uber Elevate, to Joby Aviation, which develops electric aircraft with vertical take-off and landing and intends to commence operations in 2023. The amount of the transaction is not disclosed. At the same time, Uber is investing $75 million in Joby Aviation, in addition to the $50 million it made in January 2020 for the start-up. The companies also agreed to make seamless integration between ground and air cab ordering services.