Hyundai Uber Aerial Ridesharing Partnership Ceremony

Hyundai Motor Company and Uber have announced a new partnership to develop Uber Air Taxis for a future aerial ride share network and unveiled a new full-scale aircraft concept at the Consumer Electronics Show (CES).

Euisun Chung, Executive Vice Chairman of Hyundai Motor Group

“Through the partnership with Uber, we will accelerate efforts to harness Hyundai’s businesses and technologies to deliver true freedom of mobility,” said Euisun Chung, Executive Vice Chairman of Hyundai Motor Group. “We will innovate tirelessly to redefine the boundaries of mobility and provide quality time to customers.”

Dara Khosrowshahi, Uber CEO

“Hyundai’s large scale manufacturing capabilities offer a major step forward for Uber Elevate. As Hyundai taps its automotive industry experience to mass produce air taxis, we will be able tomore quickly take Uber’s platform into the skies, expanding affordable and seamless transportation in cities around the world,” said Uber CEO Dara Khosrowshahi.

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About Uber Elevate
Uber has announced a goal of flight demonstrations in 2020 and Elevate commercially available to riders in 2023. Uber entered into partnerships with several highly experienced manufacturers including: Hyundai Motor Group, Aurora Flight Sciences (now a subsidiary of Boeing), Bell, Embraer, Joby Aviation, Pipistrel Aircraft, Karem Aircraft and Jaunt Air Mobility. Uber has also entered into a real estate partnerships with Hillwood Properties, Related, Macquire, Oaktree and Signature. Uber has signed two Space Act Agreements with NASA one for the development of new Unmanned Traffic Management concepts and Unmanned Aerial Systems and another to explore concepts and technologies for Urban Air Mobility. Uber’s analysis projects that an electric vehicle will travel at a speed up to 200mph and that eventually, after several years in a market, an Uber Elevate ride will cost the same as an UberX trip of the same distance.