In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and on bikes across developed and emerging markets in EMEA is announcing a major round of funding. Bolt, which covers 200 cities in 40… Continue reading Bolt raises $182M to expand its on-demand transportation network in Europe and Africa
Tag: Uber
Uber Fined $59M over Sexual Assault, Harassment Claims
While the CPUC says the information can be anonymous, Uber could lose its license if the company fails to pay the fine within 30 days. Photo via Uber. The California Public Utilities Commission has fined Uber $59 million for failing to provide the commission with information related to sexual assault and harassment claims, Reuters reports.… Continue reading Uber Fined $59M over Sexual Assault, Harassment Claims
Dott to expand beyond e-scooters with bike-sharing service
Dott is better known for its electric scooter service that is available in a few cities across Europe. But the company is working on electric bikes and wants to launch a bike-sharing service in London and Paris in March 2021. Dott currently doesn’t operate in London. So it looks like it’ll be the company’s 16th… Continue reading Dott to expand beyond e-scooters with bike-sharing service
Hyundai units, chief may pay up to $828m to buy Boston Dynamics from SoftBank
Hyundai Motor Group units and its chairman have agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank Group Corp for around 800 billion to 900 billion won ($736 million-$828 million), a person familiar with the matter told Reuters on Friday. Hyundai can leverage the robot technology to expand automation at its… Continue reading Hyundai units, chief may pay up to $828m to buy Boston Dynamics from SoftBank
Uber sells loss-making flying taxi division to Joby Aviation
Uber Elevate disposal follows sale of autonomous vehicle division as Uber aims for profit A Hyundai S-A1 electric Urban Air Mobility concept. Uber is getting out of the flying taxi sector. Photograph: Robyn Beck/AFP via Getty Uber has sold its loss-making flying taxi division, Elevate, to a Californian startup as it abandons costly side projects… Continue reading Uber sells loss-making flying taxi division to Joby Aviation
Dara Khosrowshahi hits the kill switch on Uber’s moonshots (UBER)
Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here. Soundtrack: For maximum enjoyment of this newsletter, we recommend listening to David Bowie’s “Starman.” This week: Uber… Continue reading Dara Khosrowshahi hits the kill switch on Uber’s moonshots (UBER)
Joby Aviation takes over Uber’s air taxi business, Elevate
Uber in January announced it had partnered with South Korean automaker Hyundai Motor Co to develop electric air taxis as part of its Elevate program. By Tina Bellon and Uday Sampath Kumar – Joby Aviation, an electric passenger aircraft developer, said on Tuesday it would take over Uber Technologies Inc‘s flying taxi unit, Elevate, the… Continue reading Joby Aviation takes over Uber’s air taxi business, Elevate
Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of $1.0 billion principal amount of 0% Convertible Senior Notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Uber also granted the initial purchasers of… Continue reading Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering
Joby Aviation is acquiring Uber’s Elevate as the ride-hailing giant continues to shed divisions during the pandemic
Joby Aviation will acquire Uber Elevate in another sell-off from the ride-hailing giant during the pandemic. Uber will invest $75 million in Joby Aviation which, combined with a previously undisclosed $50 million investment in January from Uber, brings the latter’s total fundraising haul to $820 million. Joby expects to begin flights with electric vertical take-off… Continue reading Joby Aviation is acquiring Uber’s Elevate as the ride-hailing giant continues to shed divisions during the pandemic
Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver
Through a strategic partnership with Uber, Aurora paves a path for delivering the Aurora Driver broadly PITTSBURGH–(BUSINESS WIRE)–Aurora, the self-driving car company, announced today that they are acquiring Uber Technologies Inc.’s (NYSE: UBER) self-driving unit, Advanced Technologies Group (Uber ATG). ATG’s team and technology will accelerate Aurora’s mission and the delivery of our first product… Continue reading Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver