In a recent analysis of public ridesharing and Census data in Chicago, Akshat Pandey and Aylin Caliskan at The George Washington University explore correlations between ridesharing fares and neighborhood characteristics. In addition to finding that average per-mile fares are higher for trips to and from areas with higher home prices, higher education levels, and younger… Continue reading Uber: Addressing inadvertent bias
Tag: Uber
Uber acquires transit software company Routematch
Uber announced Thursday that it has acquired transit software company Routematch. The ride share company said the deal supports Uber’s efforts to expand its suite of transportation technologies for cities. Financial terms of the deal were not disclosed. Founded in 2000, Routematch is known for developing transportation software for public transit agencies. The company’s software… Continue reading Uber acquires transit software company Routematch
Uber said to have held talks to raise $500m for freight unit
Uber Technologies Inc. is in talks with investors interested in taking a stake in its Uber Freight division, according to people with knowledge of the matter. The San Francisco-based company, led by Dara Khosrowshahi, held discussions to raise $500 million in a funding round that would give its freight business a standalone valuation of about… Continue reading Uber said to have held talks to raise $500m for freight unit
Uber CEO Dara Khosrowshahi says ride-hailing will make up only 50% of the company’s business moving forward as food delivery growth surges (UBER)
Uber’s efforts to diversify outside of ride-hailing will continue for the foreseeable future, CEO Dara Khosrowshahi told NDTV in an interview Thursday evening. “I think it’s going to be 50-50,” Khosrowshahi said, in response to a question about how he expects Uber’s business will be split moving forward between ride-hailing and other divisions like food… Continue reading Uber CEO Dara Khosrowshahi says ride-hailing will make up only 50% of the company’s business moving forward as food delivery growth surges (UBER)
Chinese autonomous vehicle company WeRide starts driverless testing
WeRide, a Chinese autonomous vehicle startup, said on Friday it has become the first autonomous company to start fully driverless vehicle testing in China, as the world’s biggest auto market accelerates the development of autonomous technologies. Three-year-old WeRide, backed by Nissan, Renault and Mitsubishi, said in a statement that it started tests on Wednesday on… Continue reading Chinese autonomous vehicle company WeRide starts driverless testing
China’s autonomous vehicle company WeRide starts driverless testing
BEIJING (Reuters) – WeRide, a Chinese autonomous vehicle startup, said on Friday it has become the first autonomous company to start fully driverless vehicle testing in China, as the world’s biggest auto market accelerates development of autonomous technologies. Three-year-old WeRide, backed by Nissan, Renault and Mitsubishi, said in a statement that it started tests on… Continue reading China’s autonomous vehicle company WeRide starts driverless testing
ALYI – Alternet Sustainable EV Ride-share Business Accelerates Amid Industry Momentum
DALLAS, July 7, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation that is anticipated to close within the next 90 days (see more investment details below). The $2.5 million confirmation is made in… Continue reading ALYI – Alternet Sustainable EV Ride-share Business Accelerates Amid Industry Momentum
Uber: Uber Unveils Grocery Delivery
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that users in select Latin American and Canadian cities can now order groceries through the Uber and Uber Eats apps, in partnership with Cornershop, the popular grocery delivery startup based in Santiago, Chile. This follows the companies’ 2019 agreement for Uber to acquire a majority stake… Continue reading Uber: Uber Unveils Grocery Delivery
The big winner of Uber’s $2.65 billion Postmates acquisition is Spark Capital, a small VC firm that’s enjoying a streak of hits in a gloomy 2020.
Spark Capital was one of the big winners when Uber announced its acquisition of restaurant service Postmates for $2.6 billion on Monday. The venture capital firm has invested in other major hitters in the startup world, including Slack, Plaid, and Mirror, the fitness tech startup that was sold to Lululemon for $500 million. It’s unclear… Continue reading The big winner of Uber’s $2.65 billion Postmates acquisition is Spark Capital, a small VC firm that’s enjoying a streak of hits in a gloomy 2020.
Uber Buys Postmates for $2.65 Billion
SAN FRANCISCO — Uber has agreed to acquire the food delivery start-up Postmates for $2.65 billion as it aims to expand its presence in on-demand food delivery while its core ride-hailing business struggles. The companies announced the all-stock deal on Monday morning. Uber will combine Postmates with its own food delivery subsidiary, Uber Eats, which… Continue reading Uber Buys Postmates for $2.65 Billion