Uber to set up Paris lab to develop flying taxi project

US transport company Uber has said it will invest 20 million euros over the next five years in a Paris-based laboratory, in cooperation with the prestigious Ecole Polytechnique engineering school, for the development of sky taxis, which it hopes will be operational by 2023.

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Uber's plan to create flying taxis moved a step closer as the ride-hailing firm announced that it will open a laboratory in Paris to develop them, reports BBC News.