Praveen Neppalli Naga, Uber’s chief technology officer, revealed the plan in an interview at TechCrunch’s StrictlyVC event in San Francisco on Thursday night, describing it as a natural extension of a nascent program the company announced in late January called AV Labs.
The mysterious businessman pitched Jeffrey Epstein on numerous mobility startups in an era when the sector was white hot, according to TechCrunch’s review of hundreds of documents released by the Department of Justice.
The acquisition could mark the beginning of consolidation in the carbon removal market since removal costs remain higher than buyers would like to pay.