A not-for-profit set up by a former Uber driver who successfully challenged the ride-hailing giant’s misclassification of drivers’ employment status in the UK, has published a timely report pressing the case for proper oversight of the algorithms and data used to remotely surveil and control the labor of platform workers. Timely — given the European… Continue reading Gig platform report calls for transparency to fix abuse
Tag: Uber
Indian ride-hailing major Ola raises $139m at $7.3b valuation: Report
Bengaluru based ride-hailing aggregator Ola has raised about $139 million (Rs 1,049 crore) in its Series J funding round led by Edelweiss, according to several Indian media reports. The round was backed by family offices, corporates, and high net worth individual investors. Concurrently, the company has acquired geospatial services provider GeoSpoc for Rs 26 crore, the… Continue reading Indian ride-hailing major Ola raises $139m at $7.3b valuation: Report
Uber spinout Serve Robotics gets $13M seed round to expand sidewalk robot deliveries
Serve Robotics, the autonomous sidewalk delivery company that spun out from Uber-owned Postmates in March, has closed an expanded seed round at $13 million. The company will use the funds to accelerate its expansion plans into new customer segments and geographic areas, which will require them to build more sidewalk robots to fuel that growth.… Continue reading Uber spinout Serve Robotics gets $13M seed round to expand sidewalk robot deliveries
Uber: Uber CEO to Participate in Fireside Chat Hosted by UBS
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that Dara Khosrowshahi, CEO, will participate in a fireside chat hosted by UBS on Tuesday, December 14, 2021. Mr. Khosrowshahi is scheduled to appear at 7:00am PT (10:00am ET). A live webcast of the event will be available on the investor relations section of the Uber… Continue reading Uber: Uber CEO to Participate in Fireside Chat Hosted by UBS
Indian ride-hailing firm Ola plans IPO in H1 2022, readies superapp
Indian ride-hailing company Ola plans to go public in the first half of 2022, Chief Executive Officer Bhavish Aggarwal said on Thursday, undeterred by the recent volatility and lackluster listing of some start-ups in the country. Ola, backed by Japan’s SoftBank Group, is also gearing up to create something of a “super app” with plans… Continue reading Indian ride-hailing firm Ola plans IPO in H1 2022, readies superapp
Portl Raises $12M in Series A Funding
Portl, a Los Angeles CA-based company plug & play holoportation platform, raised $12M Series A funding. The round was led by True Capital Management with participation from Tim Draper (Tesla, SpaceX, Skype), Marshawn Lynch, Quavo, Breanna Stewart, Albert Pujols, Luke Walton, Robert Griffin III (RG III), Deandre Ayton, Nneka Ogwumike, and Managing Partners of Structure Capital, Jillian Manus (Uber) and Mike Walsh (Uber, SalesForce). The company intends to use… Continue reading Portl Raises $12M in Series A Funding
Uber to shutter most of its service in Belgium tomorrow after court ruling
Uber will halt its ride-hailing service in most of Belgium tomorrow following a court ruling Wednesday that extends a 2015 order banning its p2p UberPop service to also cover professional drivers providing its ride-hailing service. Uber told us that it is studying the detail of the ruling to decide whether to appeal the decision with… Continue reading Uber to shutter most of its service in Belgium tomorrow after court ruling
Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion.
Rivian, a maker of electric trucks and vans, is going public at a stock price that values the company at nearly $70 billion, a remarkable number that highlights the belief on Wall Street that the fast-growing electric vehicle market is still a wide-open field. In a securities filing on Tuesday, Rivian said it was selling… Continue reading Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion.
Comet Raises $50M in Series B Funding
Comet, a NYC-based provider of the development platform for enterprise machine learning (ML) teams, raised $50m in Series B funding. The round was led by OpenView, with participation from existing investors Scale Venture Partners, Trilogy Equity Partners and Two Sigma Ventures. In addition, Ofer Bengal, Founder and CEO of Redis, and Dr. Oren Etzioni, CEO at… Continue reading Comet Raises $50M in Series B Funding
Voyager Global Mobility Acquires Fast Track Mobility
Both VGM and Fast Track provide vehicles to Uber and Lyft drivers. Voyager Global Mobility announced its acquisition of Fast Track Mobility on Nov. 8, increasing the company’s for-hire-vehicle operational footprint in New York City. The transaction was arranged by EA Markets with preferred equity from Prudential Private Capital, the private capital arm of PGIM Inc.,… Continue reading Voyager Global Mobility Acquires Fast Track Mobility