SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it proposes to offer $1.5 billion principal amount of Senior Notes due 2029 (the “notes”), subject to market conditions and other factors. The notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act… Continue reading Uber: Uber Announces Proposed $1.5 Billion Senior Notes Offering
Category: Mobility Companies
Uber: Uber Announces Results for Second Quarter 2021
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2021. Financial Highlights for Second Quarter 2021 Gross Bookings grew 114% year-over-year (“YoY”) to $21.9 billion, or 104% on a constant currency basis, with Mobility Gross Bookings of $8.6 billion (+184% YoY) and Delivery Gross Bookings of $12.9… Continue reading Uber: Uber Announces Results for Second Quarter 2021
Grab Announces Strong First Quarter 2021 Results as Company Progresses Towards U.S. Public Listing in Partnership with Altimeter Growth Corp.
Q1 2021 Adjusted Net Sales reached an all-time high of $507 million and grew 39% year on year. Revenue presented in accordance with IFRS was $216 million, also a record for Grab Quarterly Adjusted EBITDA improved by $233 million year on year to $(111) million Grab has filed a registration statement on Form F-4 with… Continue reading Grab Announces Strong First Quarter 2021 Results as Company Progresses Towards U.S. Public Listing in Partnership with Altimeter Growth Corp.
Uber: Additional research shows Uber’s role in reducing drunk driving nationwide
By: Kristin Smith, Head of Global Road Safety Policy Impaired driving is one of the deadliest crimes in America — approximately one-third of all traffic fatalities involve alcohol. We have seen the impact impaired driving has on communities and how ridesharing can help solve this problem. Last month, the Journal of American Medical Association published… Continue reading Uber: Additional research shows Uber’s role in reducing drunk driving nationwide
July 21, 2021 Via appoints former Goldman Sachs Chief Accounting Officer to Board of Directors Sarah Smith joins board of leading TransitTec…
July 21, 2021 Via appoints former Goldman Sachs Chief Accounting Officer to Board of Directors Sarah Smith joins board of leading TransitTech company to chair the Audit Committee July 21, 2021 (NEW YORK) — Via, the global leader in TransitTech, today announces that Sarah Smith has been appointed as an independent member of its board… Continue reading July 21, 2021 Via appoints former Goldman Sachs Chief Accounting Officer to Board of Directors Sarah Smith joins board of leading TransitTec…
Uber: Uber Freight to Acquire Transplace
SAN FRANCISCO & FRISCO, Texas–(BUSINESS WIRE)–Uber Freight and Transplace have entered into a definitive agreement for Uber Freight to acquire Transplace for approximately $2.25 billion, consisting of up to $750 million in common stock of Uber Freight’s parent company, Uber Technologies, Inc. (NYSE: UBER) and the remainder in cash. Uber Freight will acquire Transplace from… Continue reading Uber: Uber Freight to Acquire Transplace
Uber: Uber Accelerates National Grocery Availability Across the U.S.
SAN FRANCISCO–(BUSINESS WIRE)–Today, Uber Technologies, Inc. (NYSE: UBER) announced that its on-demand and scheduled grocery delivery is now available to Uber and Uber Eats customers in over 400 cities and towns across the U.S., including major markets like San Francisco, New York City, and Washington DC. This marks Uber’s first major grocery expansion in the… Continue reading Uber: Uber Accelerates National Grocery Availability Across the U.S.
Lyft: Navigating San Francisco in Full Autonomy
Nearly a year ago, Level 5’s autonomous vehicles (AVs) drove our first autonomous miles in San Francisco. We were excited to discover that the stack we built for Palo Alto generalizes well to new environments, tackling dense city traffic, lane changes, U-turns, and merges without any specific tuning. Since then, we have begun employee test… Continue reading Lyft: Navigating San Francisco in Full Autonomy
Hyundai Motor Group Deepens Partnership with Grab to Accelerate EV Adoption in Southeast Asia
Hyundai Motor Group and Grab Holdings Inc. (Grab) today announced an enhancement of their ongoing strategic partnership in mobility services. Hyundai Motor Group and Grab have expanded their partnership to accelerate adoption of electric vehicles (EVs) in Southeast Asia Both parties to explore launching new EV business models including battery-as-a-service and EV financing to drive… Continue reading Hyundai Motor Group Deepens Partnership with Grab to Accelerate EV Adoption in Southeast Asia
Grab Releases First ESG Report; Announces Initiatives to Reduce Carbon Footprint
New carbon reduction measures include a carbon offset feature for ride-hailing services, and expanded EV partnership with Hyundai Motor Group First ESG report outlines the company’s progress to support socioeconomic empowerment and sustainable growth SINGAPORE, 22 June 2021 – Grab, Southeast Asia’s leading superapp, today announced new initiatives that reinforce its commitment to reduce carbon… Continue reading Grab Releases First ESG Report; Announces Initiatives to Reduce Carbon Footprint