SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
Tag: Lyft
Scooter startup Bird is reportedly about to hit a $2B valuation
More financing is coming in for Bird, this time potentially valuing the company at $2 billion, according to a new report by Axios. There’s not a ton to add here compared to the last round (which happened just weeks ago), as the same dynamics are probably in play here. While Uber was a bet on… Continue reading Scooter startup Bird is reportedly about to hit a $2B valuation
GM has no projects underway with Lyft, CEO Barra says
DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake. FILE PHOTO – General Motors CEO Mary Barra attends as U.S. President Donald Trump meets with chief executives… Continue reading GM has no projects underway with Lyft, CEO Barra says
Uber is looking to buy the bike-share company behind Citi Bike and Ford GoBike
Uber is reportedly looking into buying Motivate, the company that makes Ford GoBike’s in the San Francisco Bay Area and Citi Bike over on the East Coast. This comes following reports of Lyft getting close to purchasing Motivate in a $250 million deal. Uber bought bike-share startup JUMP, a dockless, electric bike-share service, earlier this… Continue reading Uber is looking to buy the bike-share company behind Citi Bike and Ford GoBike
Uber is set to join the San Francisco scooter craze
PhotoAlto/Frederic Cirou Uber reportedly wants a piece of the growing scooter-sharing biz in San Francisco: according to Axios, the ride-hailing giant has submitted an application for the city’s upcoming scooter-sharing program. San Francisco created the year-long program in an effort to regulate the new means of transportation, because its sudden popularity and the lack of… Continue reading Uber is set to join the San Francisco scooter craze
Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
LOS ANGELES, June 7, 2018 /PRNewswire/ — Today, HyreCar Inc. announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of shares of its common stock. HyreCar Inc. plans to offer 2,100,000 shares of its common stock at a… Continue reading Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
Lyft is redesigning its app to emphasize carpooling and mass transit
Lyft’s app for riders is getting a fresh new look, with a greater emphasis put on shared rides and public transportation. It’s Lyft first redesign in almost three years, and will begin rolling out to everyone who uses the ride-hailing service by the end of June, the company said today. There will be some major… Continue reading Lyft is redesigning its app to emphasize carpooling and mass transit
Lyft redesigns rider app to encourage shared rides
Lyft has revamped its rider app in an attempt to help people get where they’re going faster. Instead of first asking for pickup information, the app will now ask where you’re going, which Uber first started asking in 2016. The app is also designed to encourage more shared rides. Oh, and Lyft is now no… Continue reading Lyft redesigns rider app to encourage shared rides
Lyft’s New App Creates Positive Change for Passengers and Cities
We believe cities should be built around people, not cars, and we’re constantly working to make our vision a reality. Today, we’re announcing a new version of the Lyft app that improves shared rides, integrates directly with cities and transit agencies, and simplifies our passengers’ overall experience. Combining product design with local-government-led city planning is… Continue reading Lyft’s New App Creates Positive Change for Passengers and Cities
General Motors President Leaves Lyft’s Board, Picks Replacement
General Motors Co. President Dan Ammann is stepping down from the board of directors at Lyft Inc., the ride-hailing company said Wednesday. The announcement is the latest sign that GM and Lyft haven’t become the close allies that they once hoped to be. Maggie Wilderotter, a former telecommunications executive who sits on Hewlett Packard Enterprise… Continue reading General Motors President Leaves Lyft’s Board, Picks Replacement