BMW boss Harald Krüger (left) and Daimler CEO Dieter Zetsche In a former subway tunnel under Potsdamer Platz in Berlin, two long-time rivals became partners on Friday. (Photo: AP) Berlin have been more than a hundred years Daimler and BMW bitter rivals. There were times when people in Stuttgart only mockingly talked about Munich and… Continue reading New partnership: Mytaxi becomes Free now – Daimler and BMW combine their mobility services
Tag: Lyft
UPDATE 2-Magna International profit beats on strength in vehicle assembly unit
(Adds details on business segments) Feb 22 (Reuters) – Canada’s Magna International Inc beat analysts’ estimates for quarterly profit on Friday as the auto parts maker assembled more vehicles, benefiting from new launches by car makers Jaguar Land Rover and Daimler AG. Sales at its complete vehicles unit rose 39 percent to $1.69 billion, with… Continue reading UPDATE 2-Magna International profit beats on strength in vehicle assembly unit
On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn
Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber… Continue reading On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn
Texas Startup Offering City-To-City Shuttle Service In Teslas
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Cars Published on February 18th, 2019 | by Kyle Field
Texas Startup Offering City-To-City Shuttle Service In TeslasTwitterLinkedInFacebookFebruary 18th, 2019 by Kyle Field
A new startup is building an army of Teslas in Texas to establish a city-to-city shuttle service. ElecTrip is the name of this new luxury city-to-city shuttle service.
The business is unique in that it does not plan to own all of the Teslas it needs, but has purchased two vehicles to anchor its operations. In order to grow its capacity beyond those two vehicles, the company is reaching out to private owners and asking to rent their vehicles from them for the day as needed. In exchange, owners will get $100 to $175 per day, depending on the number of miles put on their vehicle while it was out.
On the customer front, ElecTrip is offering passengers a dedicated Tesla shuttle that will take them from within 50 miles of their starting city to another city within a 4-hour drive without needing a charge. The hope is that passengers will be willing to pay more than they would for a comparable Uber or Lyft for a premium, dedicated experience.
ElecTrip is aiming at what it sees as a sweet spot in pricing between ride-sharing services and airline travel. Hopping on a plane could be faster, but with the additional security and hassle, taking a door to door shuttle could be a more appealing offering, especially if the service can hit a lower price point. Airline travel also comes with a massive emissions footprint that electric transportation is able to improve upon.
The price for the service ranges from $200 for the 1 hour and 20 minute run from Austin to San Antonio all the way up to $430 for the 3½ hour slog from Houston to Dallas. Don’t think that $430 puts them out of the running, as the service can accommodate up to 5 people, which has the potential to make riding in a Tesla the lower cost option in many cases.
ElecTrip was founded by two University of Texas at Austin grads who were attracted to the idea of electric vehicles and started looking for a way to capitalize on the lower maintenance costs of the vehicles. The business is still just getting off its feet, but one year into the adventure, the founders are excited by the rapid month-over-month growth they continue to see.
Related:
New Tesla Shuttle Website For USA
Boston ↔ NYC In A Tesla
Tesla Shuttle Flies Into Florida
About the AuthorKyle Field I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. TSLA investor.
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Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
SAN FRANCISCO (Reuters) – Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date. FILE PHOTO: Uber’s logo is displayed on… Continue reading Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
General Motors starts taking orders for its electric bicycle
Source: General Motors
The ARĪV Meld is a compact eBike
General Motors just unveiled its electric bicycle in a bid to arm itself against an uncertain future for cars.
The largest U.S. automaker on Thursday released the name of its bike, Ariv, and said it will start taking orders in select countries in Europe.
The name is the result of a crowdsourced campaign announced in November. There are two versions: the Meld, a compact e-bike, and the Merge, a folding e-bike.
GM is launching the bikes in Germany, Belgium and the Netherlands, where lithium-ion battery-powered e-bikes are popular. In Belgium and the Netherlands, the Ariv Meld starts under $3,200 and the Ariv Merge is around $3,800. Prices will be slightly lower in Germany. GM expects to begin shipping to customers in the second quarter.
It is another move by a major automaker to broaden its portfolio to protect against the uncertainties of a changing market. GM and rivals have expanded into scooters, ride-sharing and self-driving cars in an effort to stay relevant in an era where consumers' transportation choices are changing. Even motorcycle maker Harley-Davidson has unveiled lightweight electric two-wheeler concepts as fears of declining ridership grow.
“I think both GM and Ford are both exploring nontraditional transportation opportunities because their overall vehicle sales have been declining,” CFRA analyst Garrett Nelson said. “We view GM's e-bike and Ford's recent e-scooter investment [in Spin] as an attempt to appeal to a younger and more urban demographic, whose transportation needs are proving to be considerably different than prior generations.”
With ride-hailing companies and similar businesses spreading, some industry watchers wonder whether broad swaths of future generations will even consider car ownership at all.
“Carmakers are highly concerned about the implications of this ongoing shift in consumer preferences on their long-term car sales, particularly with the rise of Uber, Lyft, and various ride-sharing options which weren't available several years ago,” Nelson said. “Their fear is that this demographic may not need — or want to — purchase a vehicle at all.”
Lyft Brings on Former Uber Executive as Vice President of Finance Strategy
2019 is off to a great start as we continue to bring top talent into the Lyft family. The newest addition to Lyft’s leadership team is Michelle DeBella who joins as our Vice President of Finance Strategy. Michelle is a dynamic and results-oriented finance executive with more than 20 years of experience. She was mostly… Continue reading Lyft Brings on Former Uber Executive as Vice President of Finance Strategy
Lyft founders to tighten grip with supervoting shares in IPO: WSJ
An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren (Reuters) – Lyft Inc founders are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter. The… Continue reading Lyft founders to tighten grip with supervoting shares in IPO: WSJ
Lyft plans to give riders and drivers an electric lift
Lyft car picking up a rider
Lyft is the latest car-sharing company to sign onto an effort to make ride sharing cars more efficient.
The post-millennial taxi service announced that it plans to introduce “thousands” of electric cars onto its platform and make it easy for riders to choose them using a new “Green Mode” in the Lyft app.
“These efforts will provide cleaner transportation options for Lyft riders, and increase net earnings for our driver community. Once adopted widely, EVs hold the promise of making cities more livable by dramatically reducing air pollution,” the company said in a blog post Wednesday.
READ MORE: Uber starts paying drivers to buy electric
The company, which already bills itself as the only ride-sharing service to become carbon neutral after purchasing carbon credits to offset the emissions from its drivers' vehicles, says all the electric cars will be charged using renewable energy.
The Green Mode launched in Seattle on Wednesday and is expected to roll out in other parts of the country later. Riders just select Green Mode in their Lyft app, and only electric Lyfts will show up.
Lyft says that 80 percent of its drivers favor eco-friendly vehicle options, and consistently tell the service they want to increase their profits by lowering fuel costs.
Green Mode on Lyft app
Drivers will be able to rent electric ride-sharing cars through Lyft's Express Drive service. For drivers who choose electric cars, unlimited charging will be included in the weekly rental charge.
Electric cars will be available to drivers through Express Drive immediately in Seattle and Atlanta, and the service plans to roll out electric Lyfts more widely throughout 2019.
CHECK OUT: Uber to bank London surcharge toward electric vehicles for its drivers
Some taxi and ride-sharing drivers have struggled with electric cars when they've found inadequate places to charge or had to spend too long off the road waiting for a charge.
From the standpoint of cities, though, converting taxis and ride-sharing cars to electric power could offer clean-air benefits that are too good to ignore.
Lyft puts $700K toward Oakland’s underserved communities
Lyft is donating $700,000 to TransForm, an organization focused on improving access to transportation in underserved areas throughout California. In partnership with Oakland Mayor Libby Schaaf, Lyft and TransForm will invest in a free bike library and community parklets in Oakland, Calif. Lyft will also offer free rides to low-income residents of Oakland. “At Lyft,… Continue reading Lyft puts $700K toward Oakland’s underserved communities