Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes… Continue reading Uber said to be raising $1B at a $10B valuation for its self-driving car unit
Tag: Lyft
Flight-hailing startup BlackBird raises $10 million to replace driving with flying
The origin story of BlackBird, a startup that links travelers to planes and commercial pilots through an app, didn’t begin with air travel. It was prompted by car sickness. BlackBird CEO and founder Rudd Davis, who was getting his pilot’s license at the time, asked his flight instructor if he would fly his family to… Continue reading Flight-hailing startup BlackBird raises $10 million to replace driving with flying
GM is doubling the staff for its self-driving car business
ASSOCIATED PRESS General Motors is ramping up its autonomous vehicle business. According to Reuters, the company is planning to hire 1,000 people over the next nine months to work on Cruise, a GM subsidiary that develops self-driving car technology. The hiring spree would double the amount of staff currently under the Cruise umbrella and would… Continue reading GM is doubling the staff for its self-driving car business
Lyft lays off up to 50 in bikes and scooters as it gears up for another wave of launches
As Lyft continues to prepare for its IPO, the on-demand transportation startup is trimming staff to cut costs ahead of another wave of expansion. TechCrunch has learned and confirmed that Lyft has laid off around 50 staff in its bike and scooter division, mainly people who had joined the company when it acquired the electric… Continue reading Lyft lays off up to 50 in bikes and scooters as it gears up for another wave of launches
Airbnb agrees to acquire last-minute hotel-booking app HotelTonight
As Airbnb gears up for its big leap into the public markets, it’s expanding its accommodations platform to include more than just treehouses and quirky homes. Today, the company has confirmed its intent to acquire HotelTonight, the developer of a hotel-booking application that lets travelers arrange last-minute accommodations. The deal was previously reported by The… Continue reading Airbnb agrees to acquire last-minute hotel-booking app HotelTonight
Introducing Scootiquette: Getting Around Austin on Two Wheels
Improving people’s lives with the world’s best transportation options calls for more than just cars — that’s why we added scooters to the Lyft lineup in 13 cities, including Austin. One thing cities definitely haven’t been built around? Scooters. If you haven’t heard, the two-wheeled toys from your childhood have been electrified and reinvented as… Continue reading Introducing Scootiquette: Getting Around Austin on Two Wheels
FlixBus, the German Uber-like bus service, is buying rival Eurolines from Transdev
While all eyes are on what Uber, Lyft and Didi will do this year as transportation-on-demand using private vehicles continues to consolidate, there’s also some interesting moves being played out in the adjacent business of bus and coach services. Today, FlixBus, the German startup backed by Daimler, General Atlantic, Silver Lake and others that has… Continue reading FlixBus, the German Uber-like bus service, is buying rival Eurolines from Transdev
Go-Jek pulls in $100M more for its massive Series F round
U.S. ride-hailing giants Lyft and Uber are going public in the U.S. imminently, but over in Southeast Asia, the two largest on-demand companies are still madly fueling up on investment capital. The latest update to that story today saw Go-Jek, the Indonesian ride-hailing firm aiming to go regional in Southeast Asia, announced that it has… Continue reading Go-Jek pulls in $100M more for its massive Series F round
Lyft Delivers a Few Punches to Rivals in its IPO Filing
In the race to go public this year, Lyft has a head start on rival Uber — at least when it comes to unveiling the details about its planned initial public offering. And though Lyft is gaining market share and revenue, its losses continue to rise while the growth of its ridership slows—both factors that… Continue reading Lyft Delivers a Few Punches to Rivals in its IPO Filing
Equity Shot: Lyft files to go public and we’re stoked
Hello and welcome to an Equity Shot, a short-form episode of the show where we dive into a single breaking news story. Guess what we’re talking about today?! It’s Lyft. You guessed correctly. The Lyft S-1 is the very first major S-1 event of 2019. As you might recall, the government shutdown gummed the IPO… Continue reading Equity Shot: Lyft files to go public and we’re stoked