Are ride-sharing and -hailing services like Uber and Lyft causing road congestion? This has been the perception in cities across the country, and the companies have come under fire for it. In New York City, it has led to a proposal to curb, for a year, for-hire-vehicle companies from adding new driver’s licenses (except for… Continue reading Actually, Curbing Uber Won’t Relieve Heavy Traffic
Tag: Lyft
Rideshare companies offered New York $100M to drop proposed regulations
Lyft, Uber and Via yesterday made an offer to succor New York City’s beleaguered taxi medallion owners: a $100 million relief fund paid over five years to cover the plight of these poor souls. But the city, in its arrogance, refused this generosity! How could they? Perhaps because the money was contingent on New York… Continue reading Rideshare companies offered New York $100M to drop proposed regulations
Lyft will pay you $550 to ditch your car for a month
Lyft is raising the stakes in its mission to dominate all modes of transportation in major cities. Starting in August, the ride-hailing company will offer 100 residents of Chicago $550 each in credit to Lyft and several other mobility services if they ditch their personal vehicles for a month. It’s a bold, if slightly gimmicky,… Continue reading Lyft will pay you $550 to ditch your car for a month
Lyft sued for patent infringement
A professor from Georgia sued Lyft for using an idea he had in 1999. A new lawsuit goes through the industry and this time it has the car broker Lyft met. The retired professor of engineering at the Georgia Institute of Technology, Stephen Dickerson, sued the company because of the billing method. Aptiv Lyft fleet.… Continue reading Lyft sued for patent infringement
‘Waze of Parking’ app SpotAngels raises $2.3 million
SpotAngels, an app that uses crowdsourced data to help drivers find parking and avoid tickets, has raised $2.3 million from a group of investors that includes Google Maps co-founder Lars Rasmussen. Luc Vincent, the former head of Google Street View and vice president of engineering at Lyft, as well as Y Combinator, Streamlined Ventures and Via ID… Continue reading ‘Waze of Parking’ app SpotAngels raises $2.3 million
Lime hits six million rides
Lime, the bike and scooter-share company that recently raised $335 million from GV, Uber and others, has hit six million rides since launching last June. Lime, which first launched in Greensboro, N.C., has since expanded to 70 cities. In comparison, Bird announced in April it hit 1 million rides since launching in November. Lime’s ridership in… Continue reading Lime hits six million rides
SoftBank-backed Mapbox targets ride-hailing, self-driving cars
July 20, 2018 Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was… Continue reading SoftBank-backed Mapbox targets ride-hailing, self-driving cars
China’s Didi Chuxing is close to launching a taxi-booking service in Japan
Days after raising $500 million via a strategic investment from travel giant Booking Holdings, Chinese ride-hailing giant Didi Chuxing has continued its international push with the launch of a local business in Japan. Its new Japan-based unit is a joint venture with SoftBank, a longtime Didi investor, which has been in the works since an announcement back… Continue reading China’s Didi Chuxing is close to launching a taxi-booking service in Japan
Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation
Zoox, a once-secretive self-driving car startup, is closing a $500 million at a $3.2 billion post-money valuation, Bloomberg Businessweek reports. Prior to the deal, Zoox was valued at $2.7 billion, Zoox confirmed to TechCrunch. The round, led by Mike Cannon-Brookes of Grok Ventures, brings its total amount of funding to $800 million. Zoox’s plan, according… Continue reading Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation
Why Lyft President John Zimmer Thinks Scooters and Bikes Are Special
Lyft’s plan to change how people get to the grocery store and commute to work involves scooters and bicycles. Lyft co-founder and president John Zimmer said Tuesday at Fortune’s Brainstorm Tech Conference in Aspen, Colo. that his company’s mission has always been about providing an alternative to car ownership. And in some cases, “a bike… Continue reading Why Lyft President John Zimmer Thinks Scooters and Bikes Are Special