Uber sells leasing business to firm founded in 2016: Report
Cab-hailing startup Uber has reportedly agreed to sell its $400-million US auto-leasing business Xchange Leasing to a California-based startup Fair, which was founded in 2016. In September, Uber announced it was shutting Xchange Leasing and moving towards a less capital-intensive approach. Uber will also buy an equity stake in Fair and offer access to service via its app, reports added.