Back in November, New York City’s Taxi and Limousine Commission (TLC) voted to increase the pay rates of Uber and Lyft drivers to make up for the rise in inflation and and operational costs. The new rates were supposed to be implemented on December 19th, but now Uber has sued the commission to block the… Continue reading Uber files lawsuit to block NYC driver pay increase
Tag: Uber
Getaround stock crashes after carsharing company goes public in SPAC deal
Paul Chinn | San Francisco Chronicle | Getty Images Carsharing company Getaround made its public market debut Friday through a merger with blank-check company InterPrivate II Acquisition Corp. The company saw its share value drop more than 65%, reflecting the chilly environment for both SPACs and ridesharing companies. Getaround, which made the very first CNBC… Continue reading Getaround stock crashes after carsharing company goes public in SPAC deal
When drivers are attacked, Uber leaves police waiting for help
An investigation from The Markup found that Uber is slow to respond to law enforcement requests, leaving drivers vulnerable to repeated attacks. In St. Louis, a narrow and quiet street shadowed with trees has haunted Brian Blagoue since the spring of 2021. It’s where two passengers carjacked him at gunpoint while he was working as… Continue reading When drivers are attacked, Uber leaves police waiting for help
This Week in Transportation News: 10 Stories You Need to See
A roundup of the week’s most newsworthy auto and transport industry press releases from PR Newswire NEW YORK, Dec. 9, 2022 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the auto and transportation industries stay on top… Continue reading This Week in Transportation News: 10 Stories You Need to See
Riviera Partners Receives Investment from Insight Partners
Riviera Partners, a San Francisco, CA-based data-driven and tech-enabled executive search company, received an investment from Insight Partners. The amount of the deal was not disclosed. The company intends to use the funds to scale into new markets and geographies. Led by CEO Will Hunsinger, Riviera Partners is a global executive search company that places executive… Continue reading Riviera Partners Receives Investment from Insight Partners
Can We Please Stop With These Offensively Stupid “Robotaxis”?
If there’s a “safety driver” behind the wheel, it’s just a marketing shtick. Sign of the Times Oh great, now there’s another batch of “driverless” robotaxis hitting the streets. Except, unsurprisingly, there’s a human “safety driver” at the wheel who’s ready to intervene at any moment. That human, skeptics will point out, could just drive the… Continue reading Can We Please Stop With These Offensively Stupid “Robotaxis”?
Australia’s Rokt hits $2.4b valuation after round co-led by Square Peg
The valuation of Australian e-commerce tech startup Rokt has risen to $2.4 billion following a secondary funding round led by investment firm Square Peg and asset manager Wellington, it said in a press release. Rokt will deploy the fresh funds for its growth initiatives as it considers plans to take the company public. The latest… Continue reading Australia’s Rokt hits $2.4b valuation after round co-led by Square Peg
@BMW: Scott Walbrun: Promoted to Principal at BMW i Ventures002443
We are excited to announce the promotion of Scott Walbrun to Principal on the BMW i Ventures team. Scott joined us a little over a year ago as a Senior Associate and has worked on our investments in Fox Robotics, Mangrove Lithium, and Lilac Solutions. He also serves as a Board Observer to our portfolio… Continue reading @BMW: Scott Walbrun: Promoted to Principal at BMW i Ventures002443
What Does the New Normal Look Like for Car Rental?
Electric vehicles, telematics, and contactless rentals are three key areas to watch that present potential threats from within. Photo: Canva You can’t beat a global pandemic to appreciate the value of a rental car. Forgive me for the flippant statement, but I’m being provocative to make a point. Hertz just posted revenue per unit, per… Continue reading What Does the New Normal Look Like for Car Rental?
Uber launches Level Four self-driving taxis in Las Vegas
Uber has partnered with American start-up Motional to launch a public robotaxi service in the US city of Las Vegas. The service uses a fleet of Hyundai Ioniq 5 electric SUVs modified by the Korean car maker and Motional to be safe, reliable and cost-effective for the US market. It’s fitted with 30 exterior sensors as well as… Continue reading Uber launches Level Four self-driving taxis in Las Vegas