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Uber's air travel partner unveils its air taxi at CES

The ride-hailing company said in May that it plans to roll out air vehicles, which will look like a cross between a helicopter and a giant drone, by 2023. On Monday, in Las Vegas, one of Uber's partners in its so-called Uber Elevate initiative said it's unveiling designs for a full vertical-takeoff-and-landing air taxi vehicle. The vehicle, known as Bell Nexus, uses hybrid-electric propulsion to power efficient air travel. Uber has reportedly been valued at as much as $120 billion for its IPO, while banks pitching Lyft have valued that company at about $18 billion to $30 billion, according to Bloomberg.

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