Revenue grew 17% year-over-year, or 20% on a constant currency basis to $716 million On-Demand GMV grew 15% year-over-year, or 18% on a constant currency basis to $4.7 billion Profit for the quarter was positive at $15 million Adjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 million Operating cash flow… Continue reading Grab Reports Third Quarter 2024 Results
Category: Mobility Companies
Loqate partners with GrabMaps to enhance location data capabilities in Southeast Asia
The partnership accelerates Loqate’s expansion in Southeast Asia and enables businesses to improve data accuracy, ensure delivery success and provide exceptional customer experience with GrabMaps’ extensive location data Singapore, October 29, 2024 – Loqate, a GBG solution, the leader in global address verification, today announced a strategic partnership with GrabMaps. This collaboration will see Loqate integrating… Continue reading Loqate partners with GrabMaps to enhance location data capabilities in Southeast Asia
Uber: Uber Announces Date of Third Quarter 2024 Results Conference Call
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its third quarter 2024 financial results on Thursday, October 31st, at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com.… Continue reading Uber: Uber Announces Date of Third Quarter 2024 Results Conference Call
Uber: Uber and Avride Announce Autonomous Delivery and Mobility Partnership
SAN FRANCISCO & AUSTIN, Texas–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and Avride today announced a multiyear strategic partnership to bring Avride’s delivery robots and autonomous vehicles to Uber and Uber Eats. The delivery partnership will launch first with sidewalk robots on Uber Eats in Austin in the coming weeks, before expanding to Dallas and Jersey… Continue reading Uber: Uber and Avride Announce Autonomous Delivery and Mobility Partnership
Grab Commits S$4 Million Yearly to Upgraded GrabBenefits 2.0 Partner Welfare Programme in Singapore
GrabBenefits 2.0 is a comprehensive benefits programme that addresses top concerns of platform workers. GrabBenefits 2.0 provides more comprehensive benefits for platform workers, complementing the Platform Workers 2024 Act Expanded benefits include subsidised medical services, access to telemedicine services, and complimentary preventive health and wellness services Grab extends partnership with NTUC with 6-month sponsorship of… Continue reading Grab Commits S$4 Million Yearly to Upgraded GrabBenefits 2.0 Partner Welfare Programme in Singapore
Merchants Fleet Partners with Ridecell to Orchestrate Fleet Lifecycle Activities
Merchants Fleet leverages Ridecell 360 to enhance scalability and operational efficiency, reinforcing its position as an industry innovator Hooksett, NH and San Francisco, CA – September 25, 2024 Merchants Fleet, the nation’s leader in innovative fleet solutions, has announced a multi-year strategic partnership with Ridecell, the leading provider of fleet orchestration solutions. Merchants Fleet has… Continue reading Merchants Fleet Partners with Ridecell to Orchestrate Fleet Lifecycle Activities
Uber: WeRide and Uber Partner to Bring Autonomous Vehicles to the Uber Platform, Beginning in the United Arab Emirates
SAN FRANCISCO & GUANGZHOU, China–(BUSINESS WIRE)–WeRide, a global leading autonomous driving technology company, and Uber Technologies, Inc. (NYSE: UBER), the world’s largest mobility and delivery technology platform, today announced a strategic partnership to bring WeRide’s autonomous vehicles onto the Uber platform, beginning in the United Arab Emirates. The partnership is expected to launch first in… Continue reading Uber: WeRide and Uber Partner to Bring Autonomous Vehicles to the Uber Platform, Beginning in the United Arab Emirates
Uber: Uber and Waymo Expand Partnership to Bring Autonomous Ride-Hailing to Austin and Atlanta
SAN FRANCISCO & MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Today, Uber Technologies, Inc. (NYSE: UBER) and Waymo LLC announced an expansion of their existing partnership to make the Waymo Driver available to more people via Uber. Beginning in early 2025, Waymo and Uber will bring autonomous ride-hailing to Austin and Atlanta, only on the Uber app. In these… Continue reading Uber: Uber and Waymo Expand Partnership to Bring Autonomous Ride-Hailing to Austin and Atlanta
Uber: Wayve and Uber Partner to Accelerate the Future of Automated Driving
LONDON & SAN FRANCISCO–(BUSINESS WIRE)–Wayve, a leader in Embodied AI for self-driving, today announced a new strategic partnership with Uber (NYSE: UBER), the world’s leading mobility and delivery network. Uber has also agreed to make a strategic investment in Wayve as an extension of the company’s previously announced Series C fundraising round. With the additional… Continue reading Uber: Wayve and Uber Partner to Accelerate the Future of Automated Driving
Uber: Uber and Cruise to Deploy Autonomous Vehicles on the Uber Platform
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and Cruise, two companies revolutionizing transportation, today announced a multiyear strategic partnership to bring Cruise autonomous vehicles to the Uber platform. The companies plan to launch the partnership next year with a dedicated number of Chevy Bolt-based autonomous vehicles. Once launched, when an Uber rider requests a qualifying… Continue reading Uber: Uber and Cruise to Deploy Autonomous Vehicles on the Uber Platform