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
Category: Mobility Companies
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
Grab Reports Second Quarter 2024 Results
Revenue grew 17% year-over-year, or 23% on a constant currency basis to $664 million On-Demand GMV grew 13% year-over-year, or 18% on a constant currency basis to $4.4 billion Operating Loss improved by $121 million year-over-year to $(56) million Adjusted EBITDA improved by $81 million year-over-year to $64 million SINGAPORE, August 15, 2024 – Grab… Continue reading Grab Reports Second Quarter 2024 Results
Uber: Uber and BYD Partner to Accelerate Global EV Transition
SAN FRANCISCO & SHENZHEN, China–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and BYD Co. Ltd. today announced a multi-year strategic partnership designed to bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets. Beginning first in Europe and Latin America, the partnership is expected to offer drivers access to best-in-class pricing and… Continue reading Uber: Uber and BYD Partner to Accelerate Global EV Transition
Uber: Uber Announces Date of Second Quarter 2024 Results Conference Call
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its second quarter 2024 financial results on Tuesday, August 6th 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 Second Quarter 2024 Results Conference Call
Grab’s “Delivering Tengah!” Project to Support Amenities Development in New Tengah HDB Town
The community development initiative seeks to improve access to everyday services and help residents better navigate the new town. Advisor to Hong Kah North Grassroots Organisations Dr Amy Khor participated in Grab’s AI mapping exercise Grab has mapped over 10km of roads and footpaths and over 160 points of interest in Tengah new town Tengah… Continue reading Grab’s “Delivering Tengah!” Project to Support Amenities Development in New Tengah HDB Town
Grab and OpenAI announce strategic collaboration, first of its kind in Southeast Asia
Companies to partner to design and deliver enhanced experiences for Grab users, partners and employees using state-of-the-art AI capabilities Singapore, May 30, 2024 – Grab, a leading superapp in Southeast Asia, and OpenAI today announced they will collaborate to build and deploy advanced AI solutions that enrich the Grab experience for users, partners, and employees. … Continue reading Grab and OpenAI announce strategic collaboration, first of its kind in Southeast Asia
Grab Reports First Quarter 2024 Results
Revenue grew 24% year-over-year, or 29% on a constant currency basis to $653 million On-Demand GMV grew 18% year-over-year, or 21% on a constant currency basis to $4.2 billion Operating Loss improved by $129 million year-over-year to $(75) million Adjusted EBITDA improved by $129 million year-over-year to an all-time high of $62 million 2024 Adjusted… Continue reading Grab Reports First Quarter 2024 Results
Uber: Uber Eats to Acquire Delivery Hero’s foodpanda Delivery Business in Taiwan
SAN FRANCISCO & BERLIN–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and Delivery Hero SE (FSE: DHER) have reached an agreement for Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash. The acquisition of foodpanda Taiwan is subject to regulatory approval and other customary closing conditions and is targeted to close… Continue reading Uber: Uber Eats to Acquire Delivery Hero’s foodpanda Delivery Business in Taiwan
Uber: Uber Eats to Power Restaurant Delivery on Instacart
SAN FRANCISCO–(BUSINESS WIRE)–Instacart (Nasdaq: CART) and Uber Technologies, Inc. (NYSE: UBER) today announced a strategic partnership to bring Uber Eats restaurant delivery to Instacart customers. In the coming weeks, Instacart customers nationwide will be able to use the Instacart app to order from hundreds of thousands of restaurants, powered by Uber Eats. The experience will… Continue reading Uber: Uber Eats to Power Restaurant Delivery on Instacart