Oct 16, 2020 - Economy

Scoop: Uber on the hunt for strategic alternatives for Uber Elevate

An Uber logo in the middle of a busy transport interchange

Illustration: Lazaro Gamio/Axios

Uber is seeking strategic alternatives for its Uber Elevate business, including strategic partnerships or a partial sale, Axios has learned from multiple sources.

Why it matters: This reflects Uber CEO Dara Khosrowshahi's obsession with achieving profitability, as evidenced by partial sales of Uber's money-losing freight and self-driving units. A company spokesman declined comment.

The bottom line: Uber Elevate's goal is to develop a network of self-driving taxis, with its website suggesting a launch year of 2023.

  • It also had a helicopter service running in New York City, but suspended those operations during the pandemic. At last check, the unit had around 80 employees.
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