Tag: Lyft

Lyft to make ‘significant’ cuts across ride-hailing company

Lyft’s newly appointed CEO David Risher told employees in an email Friday that the company is significantly reducing its workforce as part of a restructuring effort. Risher said the restructuring is part of Lyft’s plan to “better meeting the needs of riders and drivers.” The company confirmed that it has not changed its guidance for… Continue reading Lyft to make ‘significant’ cuts across ride-hailing company

Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Ride-sharing app Lyft will lay off a significant… Continue reading Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs

Autotech Ventures’ new $230M mobility fund adds fintech, circular economy to its investment strategy

Autotech Ventures will use its newly closed $230 million fund to expand beyond its foundation of early-stage ground transportation startups and invest in what the firm believes are the next big opportunities in automotive and mobility. Fintech, logistics, supply chain and the circular economy are at the top of the list. The $230 million fund,… Continue reading Autotech Ventures’ new $230M mobility fund adds fintech, circular economy to its investment strategy

Autotech Ventures Raises USD230M For Third Fund

Autotech Ventures, a Menlo Park, CA-based early-stage venture capital firm with a mission to solve the world’s ground transportation challenges with technology, closed its third fund, at $230m. The fund will be used to invest in Seed through Series C mobility-related startups. Autotech has over $500M under management and has invested in more than 40 companies. Of… Continue reading Autotech Ventures Raises USD230M For Third Fund

AUTOTECH VENTURES ANNOUNCES NEW $230M FUND

Marks the VC’s Third Fund to Support Leading Ground Transportation Startups  MENLO PARK, Calif., April 20, 2023 /PRNewswire/ — Autotech Ventures (Autotech), an early-stage venture capital firm with a mission to solve the world’s ground transportation challenges with technology, announced the closing of its third fund. The $230 million fund will be used to invest in… Continue reading AUTOTECH VENTURES ANNOUNCES NEW $230M FUND

Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027

DUBLIN, April 18, 2023 /PRNewswire/ — The “Robo Taxis Global Market Report 2023” report has been added to  ResearchAndMarkets.com’s offering. The global robo taxis market grew from $1.73 billion in 2022 to $2.82 billion in 2023 at a compound annual growth rate (CAGR) of 63.2%. The robo taxis market is expected to grow to $17.84 billion… Continue reading Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027

Washington Uber and Lyft drivers win paid family and medical leave

Washington’s Senate unanimously passed a bill this week that would make the state the first in the nation to grant ride-hail drivers the right to paid family and medical leave. The bill, HB 1570, builds on driver rights won in 2022’s Expand Fairness Act, which set a high statewide wage floor for drivers and established… Continue reading Washington Uber and Lyft drivers win paid family and medical leave

Wrapmate adds Wrapify, a category leader in rideshare advertising, to its portfolio of companies

DENVER, April 10, 2023 /PRNewswire/ — Wrapmate today announced it has completed a strategic, majority investment in Wrapify, a leader in measurable rideshare advertising and a three-time Inc. 5000 company. Together the two companies will leverage their operational synergies, technology platforms, and buying power to deliver more effectively for customers nationally, while also supporting an unprecedented,… Continue reading Wrapmate adds Wrapify, a category leader in rideshare advertising, to its portfolio of companies