Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S., and riding some very bad news from its primary rival Uber. That’s helped it grow revenue to over $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced… Continue reading Lyft says its revenue is growing nearly 3x faster than Uber’s
Tag: Lyft
Update: Bird has raised $100 million to become the Uber of electric scooters
Update: Bird confirmed our reporting with an announcement of the close of the round. Index Ventures and Valor Ventures led the funding. “It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the… Continue reading Update: Bird has raised $100 million to become the Uber of electric scooters
Bird is raising $100 million to become the Uber of electric scooters
“It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s… Continue reading Bird is raising $100 million to become the Uber of electric scooters
May Mobility CEO: We’ll Beat Waymo, Uber, and Cruise to Market
When we spoke with Ed Olson, CEO of May Mobility, in January, he told us that his driverless-vehicle company had raised a little over $11 million in seed funding in 2017. Last week, May disclosed more details about its $11.5 million seed round: it was led by venture investment arms of Toyota and BMW, and… Continue reading May Mobility CEO: We’ll Beat Waymo, Uber, and Cruise to Market
Uber considers Waymo partnership following lawsuit
REUTERS Now that Waymo’s long-running lawsuit against Uber is finally settled, the two companies are free to cozy up to a possible partnership. According to a report at The Information, Uber executives, led by new CEO Dara Khosrowshahi, have been looking for a way to get Uber riders into Waymo‘s autonomous cars. Even though Waymo… Continue reading Uber considers Waymo partnership following lawsuit
Maven brings its Maven Gig service for on-demand economy workers to Austin
Maven has launched its Maven Gig offering in Austin, just ahead of SXSW when there will probably be a fair amount of ride-hailing and on-demand food delivery activity. Maven Gig is the arm of GM’s Maven mobility brand that caters specifically to gig economy workers, with cars available to freelancers who drive only occasionally, and… Continue reading Maven brings its Maven Gig service for on-demand economy workers to Austin
A fleet of all-electric Chevy Bolt EVs for car-sharing is coming to Austin
GM has been using the Chevy Bolt EV electric car has an anchor vehicle for its car-sharing network, Maven. Now they are using it again today by sending 20 Chevy Bolt EVs to Austin. Home Solar Power Maven is GM’s own car-sharing and mobility platform which also includes a special rental service called ‘Maven Gig’ just… Continue reading A fleet of all-electric Chevy Bolt EVs for car-sharing is coming to Austin
Ford launches self-driving pilot with delivery partners in Miami
(Reuters) – Ford Motor Co is taking a different approach from rival General Motors Co in deploying self-driving vehicles, focusing initially on partnering with and operating vehicles for a variety of companies, from Domino’s Pizza to Lyft, executives said. Ford said on Tuesday it has launched a pilot delivery program in Miami with Domino‘s, and… Continue reading Ford launches self-driving pilot with delivery partners in Miami
Ford begins testing self-driving cars and business model in Miami
Ford has revealed the test market for its self-driving service it teased but kept under wraps back at CES in January: Miami. Will Smith bids you “bienvenidos,” Ford, via his canonical 1997 opus. But actually, Ford is welcomed by Miami-Dade officials, who are working with the automaker to run this pilot across both downtown Miami… Continue reading Ford begins testing self-driving cars and business model in Miami
Parking giant says Uber, Lyft have cut parking business up to 50% in some venues
SAN DIEGO: The US parking giant Ace Parking says that Uber and Lyft are eating into the parking business – with as much as 50% less traffic at nightclubs and a 25% drop at restaurant valets. A death knell for paid parking? No, Ace and others say they are going high-tech to survive. In downtown… Continue reading Parking giant says Uber, Lyft have cut parking business up to 50% in some venues