Understanding Uber’s Share of Driver Earnings Uber achieved several important financial milestones in 2023, generating our first operating profit and billions in free cash flow so far this year. Over nearly a decade of losses, many observers suggested Uber would never be profitable. Now that we are, those same skeptics assert that Uber’s financial improvement… Continue reading Uber: Understanding Uber’s Share of Driver Earnings
Category: Mobility Companies
March 16, 2023 Via acquires Citymapper to expand its end-to-end TransitTech solution Read more
March 16, 2023 (NEW YORK) – Via, the global leader in TransitTech, announced today that it has acquired Citymapper, the UK-based premier journey planning app and transit technology company. On the heels of Via’s recent financing round, the Citymapper acquisition accelerates Via’s vision to build the end-to-end digital infrastructure for transit systems. While Via’s software… Continue reading March 16, 2023 Via acquires Citymapper to expand its end-to-end TransitTech solution Read more
November 27, 2023 Metropolitan Evansville Transit System (METS) and Via to launch innovative on-demand transit program, with su…
November 28, 2023 (EVANSVILLE, IN) — The Metropolitan Evansville Transit System (METS) is proud to announce the launch of METS Micro, an on-demand, app-based public transit pilot service in partnership with Via, global leader in TransitTech, the Evansville Metropolitan Planning Organization (Evansville MPO), the Toyota Mobility Foundation (TMF), and Energy Systems Network (ESN). METS Micro… Continue reading November 27, 2023 Metropolitan Evansville Transit System (METS) and Via to launch innovative on-demand transit program, with su…
October 31, 2023 Via takes over 10 on-demand public transport services in Germany from CleverShuttle
31 October 2023 (GERMANY) – Via, the leader in TransitTech, announces new partnerships with leading public transport companies in Germany to take over the operations of 10 on-demand public transport services formerly operated by competitor CleverShuttle. These services represent roughly 75% of CleverShuttle’s business and include several of the most ambitious and successful on-demand projects… Continue reading October 31, 2023 Via takes over 10 on-demand public transport services in Germany from CleverShuttle
October 31, 2023 Via übernimmt 10 ÖPNV-On-Demand-Verkehre in Deutschland von CleverShuttle
31. Oktober 2023 (DEUTSCHLAND) – Via, der führende Anbieter von TransitTech Lösungen, kündigt neue Partnerschaften mit führenden öffentlichen Verkehrsunternehmen in Deutschland an, um den Betrieb von 10 On-Demand-Verkehren zu übernehmen, die zuvor vom Wettbewerber CleverShuttle betrieben wurden. Die Verkehre machen etwa 75% des Geschäfts von CleverShuttle aus und umfassen einige der ambitioniertesten und erfolgreichsten On-Demand-Projekte… Continue reading October 31, 2023 Via übernimmt 10 ÖPNV-On-Demand-Verkehre in Deutschland von CleverShuttle
October 2, 2023 Miami-Dade County, Via enter new phase of on-demand transit with more zones, free fares, improved UX
October 2, 2023 (MIAMI-DADE COUNTY) — Miami-Dade County’s on-demand, shared ride service now has a new name – MetroConnect. Starting October 2, the Department of Transportation and Public Works (DTPW) will roll out MetroConnect – formerly known as GO Connect – to provide improved free service and even more connections to Miami-Dade Transit. The MetroConnect… Continue reading October 2, 2023 Miami-Dade County, Via enter new phase of on-demand transit with more zones, free fares, improved UX
Uber: Uber Announces Pricing of Upsized $1.5 Billion Convertible Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of an upsized offering of $1.5 billion aggregate principal amount of 0.875% Convertible Senior Notes due 2028 (the “notes”). Uber also granted the initial purchasers of the notes an option to purchase up to an additional $225.0 million aggregate principal amount of the notes.… Continue reading Uber: Uber Announces Pricing of Upsized $1.5 Billion Convertible Senior Notes Offering
Uber: Uber Announces Proposed $1.2 Billion Convertible Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it proposes to offer $1.2 billion aggregate principal amount of Convertible Senior Notes due 2028 (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… Continue reading Uber: Uber Announces Proposed $1.2 Billion Convertible Senior Notes Offering
Grab Reports Third Quarter 2023 Results
Revenue grew 61% year-over-year to $615 million[1] Loss for the period improved by 71% year-over-year to $99 million Group Adjusted EBITDA grew to $29 million, delivering Grab’s first Adjusted EBITDA profitable quarter 2023 Revenue and Group Adjusted EBITDA outlook raised to $2.31 billion to $2.33 billion and $(20) million to $(25) million, respectively SINGAPORE, November… Continue reading Grab Reports Third Quarter 2023 Results
Grab Opens First Physical Merchant Centre to Support Singapore’s Small and Medium Businesses on their Digital Growth
Grab Merchant Centre offers a range of merchant services to help small and medium businesses jumpstart and scale their online businesses, and a physical space for networking Grab, Southeast Asia’s leading superapp, today officially opened its first physical merchant centre in Singapore, and launched its third annual Singapore Food and Grocery Trends Report. The Grab… Continue reading Grab Opens First Physical Merchant Centre to Support Singapore’s Small and Medium Businesses on their Digital Growth