Uber U.K. has launched a Work Hub for drivers to view a selection of temporary work opportunities with other companies as a way to supplement pandemic-hit ride-hailing earnings during the coronavirus crisis. The Work Hub sits within the Uber driver app and displays offers of work from third party providers — including jobs that involve… Continue reading Uber UK launches Work Hub for drivers to find other gig jobs during COVID-19
Tag: Uber
SoftBank led $500M investment in Didi in China’s biggest autonomous driving round
The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced on Friday an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese… Continue reading SoftBank led $500M investment in Didi in China’s biggest autonomous driving round
SoftBank leads $500 million fundraising for Didi’s self-driving unit
FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee BEIJING/SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2. The… Continue reading SoftBank leads $500 million fundraising for Didi’s self-driving unit
Days after layoffs, an Uber exec sold over half her Uber stock for $8.6 million, while cofounder Garrett Camp has sold $69.6 million in stock since March 12 (UBER)
Days after Uber laid off about a quarter of its workforce, one of its senior executives — marketing leader Jill Hazelbaker — sold more than half of her stake of Uber shares for $8.6 million. Employees have been chattering about the sale internally, not only because of its timing but because of its size, with… Continue reading Days after layoffs, an Uber exec sold over half her Uber stock for $8.6 million, while cofounder Garrett Camp has sold $69.6 million in stock since March 12 (UBER)
Uber: Analysis on Impacts of Driver Reclassification
By Alison Stein, Economist at Uber On May 22nd, California’s state unemployment rate rose to a record 15.5%. Over 2.9 million Californians are out of work, more than during the height of the 2008–2009 recession. However, despite the current economic crisis, the State government is currently pursuing actions that we estimate threaten 158,000 additional work opportunities… Continue reading Uber: Analysis on Impacts of Driver Reclassification
Vaya Africa launches electric ride-hail taxi network
Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent. The South Africa headquartered company has acquired a fleet of Nissan Leaf EVs and developed its own solar powered charging stations. The program goes live… Continue reading Vaya Africa launches electric ride-hail taxi network
Uber is scrapping tens of thousands of Jump bikes during a nationwide bike shortage – The Verge
Uber is sending tens of thousands of its electric Jump bikes to the scrap yard, weeks after offloading the money-losing bike-share division on Lime. The news of the scrapped bikes has incensed bike enthusiasts on social media, one of whom decried the act as “unconscionable.” Uber confirmed in a statement that it was “recycling” many… Continue reading Uber is scrapping tens of thousands of Jump bikes during a nationwide bike shortage – The Verge
‘Nobody’s making money in this business’: Uber’s CEO defends a possible GrubHub merger amid criticism of the reported merger talks (UBER, GRUB)
Cries that a combined Uber and GrubHub could control up to 90% of the food-delivery market are overblown, according to chief executive Dara Khosrowshahi. As everyone from grocery stores to independent restaurants and chains make the switch to delivery amid the coronavirus pandemic, the market is growing too rapidly for any one business to grab… Continue reading ‘Nobody’s making money in this business’: Uber’s CEO defends a possible GrubHub merger amid criticism of the reported merger talks (UBER, GRUB)
BlaBlaCar partners with scooter startup Voi to launch new BlaBla Ride app
Long-distance ridesharing startup BlaBlaCar announced that it is expanding to scooter sharing. But the company isn’t going to operate its own fleet of scooters. Instead, BlaBlaCar is partnering with Voi, a European e-scooter service that has raised $136 million over multiple rounds. Voi operates in dozens of European cities, including Paris, Marseille and Lyon. Over… Continue reading BlaBlaCar partners with scooter startup Voi to launch new BlaBla Ride app
Bolt, the European on-demand transport company, raises $109M on a $1.9B valuation
Bolt, a rival to Uber and others providing on-demand ridesharing, scooters and other transportation services across some 150 cities in Europe and Africa, is today announcing another capital raise as it weathers a difficult market climate where, because of COVID-19, many are staying in place and avoiding modes of transport that put them into contact… Continue reading Bolt, the European on-demand transport company, raises $109M on a $1.9B valuation