SAN FRANCISCO (Reuters) – Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. FILE PHOTO: The Uber application is… Continue reading UPDATE 1-Uber posts $1 bln loss in quarter as growth in bookings slows
Tag: Lyft
Lime launches its first car-sharing service in Seattle
Lime It’s true: after a long time focusing on scooters, Lime is ready to delve into four-wheeled transportation. The startup is launching a car-sharing service, LimePod, that will be available in Seattle as of this week. As with scooters, it’ll cost just $1 to unlock a car that you can park wherever you need it… Continue reading Lime launches its first car-sharing service in Seattle
GM is going to allow Ford vehicles and other competitors on its Maven car-sharing platform
GM’s car-sharing subsidiary Maven is undergoing another expansion. This time, it’s not just to a new city. Maven plans to open up its new peer-to-peer car rental service to allow owners to rent out non-GM vehicles. It is also setting its sights on bigger changes in the future, according to Julia Steyn, vice president of GM Urban… Continue reading GM is going to allow Ford vehicles and other competitors on its Maven car-sharing platform
Idelic Raises $2M in Funding
Idelic, a Pittsburgh, PA-based data and analytics platform for improving safety in the transportation industry, raised $2m in funding. The round was led by Bain Capital Ventures, with participation from TDF Ventures and SaaS Venture Capital and current investors Birchmere Ventures and M25 Group. In conjunction with the financing, Kevin Zhang of Bain Capital Ventures… Continue reading Idelic Raises $2M in Funding
Bird launches electric scooter pilot in London as part of ongoing European drive
Electric scooter hire company Bird is dipping a first toe into the murky waters of London as part of an ongoing expansion into Europe. The company is launching its hire vehicles on a single route in the city’s Olympic Park — the only way to get around a longstanding legal ban of electric scooters on… Continue reading Bird launches electric scooter pilot in London as part of ongoing European drive
DeepMap, a maker of HD maps for self-driving, raised at least $60M at a $450M valuation
As car and tech companies continue to make inroads on vehicles and services to build autonomous driving systems, a startup that is creating high-definition maps to help these vehicles move around has quietly picked up a significant round of funding. DeepMap — a Palo Alto startup co-founded by James Wu and Mark Wheeler, who previously… Continue reading DeepMap, a maker of HD maps for self-driving, raised at least $60M at a $450M valuation
Carpooling startup Scoop partners with Lyft
Lyft is partnering with carpooling service Scoop to supplement Scoop’s offering to its customers from companies like LinkedIn, Workday, Samsung T-Mobile and Symantec. With Scoop, trips are pre-scheduled, so you can select from one or more times you’d be willing to leave in the morning and afternoon, and have up until 9pm the night before for… Continue reading Carpooling startup Scoop partners with Lyft
Uber and Lyft unveiled new subscription plans. But are they really worth the money?
On Tuesday, Uber rolled out Ride Pass, a subscription plan in which customers pay $14.99 monthly (or $24.99 in Los Angeles) to avoid surge pricing. The plan, which Uber is marketing as “an affordable option people can use for their everyday transportation needs,” is only available in Los Angeles, Austin, Orlando, Denver, and Miami for… Continue reading Uber and Lyft unveiled new subscription plans. But are they really worth the money?
Lyft Welcomes Two Executives to Focus on Expanding Services to Drivers
At Lyft, we want to give drivers everything they need to succeed at their goals both on and off the road. We’re furthering that commitment by adding two seasoned executives to the Lyft family. Chris Donus and Rajiv Bhatia join us as Vice President of Express Drive and Head of Driver Product, respectively. Chris and… Continue reading Lyft Welcomes Two Executives to Focus on Expanding Services to Drivers
General Motors bets €4.3bn on the long road to safe driverless taxi
By Heather Somerville It’s one of the biggest bets going in the world of cars: Since May, General Motors (GM) and its Cruise self-driving car unit have landed €4.35bn in investment commitments from Japan’s SoftBank and Honda Motor to develop a robot taxi service that could safely navigate the city streets of San Francisco by… Continue reading General Motors bets €4.3bn on the long road to safe driverless taxi