If you read the tech press, you might have seen reports that Uber is pursuing a sale in Southeast Asia that would see Grab, its Singapore-headquartered rival valued at $6 billion, acquire Uber’s business in the region. Rumors of such a tie-in have been rife for a while. Uber sold its China business in exactly such… Continue reading Is Uber selling its Southeast Asia business to Grab?
Author: Tech Crunch Online News
Honcker raises at least $15M from IAC as it takes on the car-leasing-on-demand market
The car leasing and rental market is forecast to be worth $124 billion in 2022, and today a startup that is hoping to get a piece of that action by making the process of leasing a car easier is announcing a Series A in its effort to get there. Honcker — a New York-based startup… Continue reading Honcker raises at least $15M from IAC as it takes on the car-leasing-on-demand market
UPS is working on a fleet of 50 custom-built electric delivery trucks
UPS will work with partner Workhorse, a battery-electric transportation technology company, to develop and deploy a fleet of 50 custom-built plug-in electric delivery trucks with zero emissions. The goal is to make trucks that cost as much to buy as do traditional fuel-based delivery vehicles – even without taking into account subsidies. The Workhorse designed-vehicles, will… Continue reading UPS is working on a fleet of 50 custom-built electric delivery trucks
Uber CEO plans to ‘invest aggressively’ to compete with rivals Southeast Asia
Uber CEO Dara Khosrowshahi has distanced the company from reports that it might exit Southeast Asia and India. Currently in India on his maiden visit to Asia as Uber boss, Khosrowshahi told an audience that the company plans to continue to invest in Southeast Asia, where Uber has slipped behind Grab and Indonesia-based Go-Jek. “We expect to… Continue reading Uber CEO plans to ‘invest aggressively’ to compete with rivals Southeast Asia
Uber officially launches Uber Express POOL, a new twist on shared rides
Uber has launched Uber Express POOL officially after a lengthy trial period that kicked off in San Francisco last November, and has until now remained available only in that market. Starting today, it’s coming to DC, LA, Miami, Philadelphia, San Diego and Denver, and more cities will be added over the next few weeks and… Continue reading Uber officially launches Uber Express POOL, a new twist on shared rides
Bosch acquires B2B rideshare startup SPLT and establishes mobility service arm
Bosch has acquired a ridesharing startup called SPLT that offered employers, universities and municipal authorities workforce-focused ridesharing services to help them offer shared commute as a means of increasing convenience and alleviating route congestion. Bosch, a leading global automotive industry supplier, is also establishing a new dedicated mobility services division, a sign of the changing… Continue reading Bosch acquires B2B rideshare startup SPLT and establishes mobility service arm
Poor cloud security let hackers mine cryptocurrency on Tesla’s dime
The strange new breed of malicious cryptocurrency miners spares no one, it seems: Tesla is the latest to be struck by this trendy form of hackery. A poorly secured cloud computing setup let them waltz right in. It’s only the latest example of several detected by cloud security outfit RedLock, which has tracked a series… Continue reading Poor cloud security let hackers mine cryptocurrency on Tesla’s dime
Uber parks its service in Morocco
Uber is pulling the brakes on its service in Morocco, which will cease on February 23, as it waits (and hopes) for local regulators to accommodate app-based ride-hailing. The company announced the move on its country blog yesterday, writing that it has “not had any clarity” on how its service can be integrated into the… Continue reading Uber parks its service in Morocco
Sony Corp. to launch an AI-based taxi-hailing service in Japan
Sony Corporation said today that it will build an AI-based ride-hailing system in Japan in partnership with five taxi companies. The service will use artificial intelligence to manage taxi dispatches and forecast demand based on factors like weather, traffic and local events. Sony’s announcement came just before Uber chief executive officer Dara Khosrowshahi, who is… Continue reading Sony Corp. to launch an AI-based taxi-hailing service in Japan
Uber is reportedly preparing to sell its Southeast Asian business to Grab
Uber is preparing to sell its Southeast Asian business to Grab in exchange for a stake in the Singaporean ride-sharing company that has a big presence in that region, according to a new report from CNBC. This wouldn’t be an unfamiliar story for Uber, which was handily beaten by Didi in China before eventually caving… Continue reading Uber is reportedly preparing to sell its Southeast Asian business to Grab