To use Uber Rent, Uber clients in Brisbane must update the Uber app that allows them to select a rental. Photo via Uber. Uber has launched a new platform — Uber Rent — that allows ride-hail customers to rent a car. Brisbane, Australia is the first city to trial the service, according to an Uber… Continue reading Uber Trials Daily Car Rentals in Australia
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Uber shares tumble 5% as reports indicate it will lose Grubhub deal to European rival
Update: Just Eats Takeaway confirmed today in a release that “it is in advanced discussions with Grubhub regarding an all-share combination of Just Eat Takeaway.com with Grubhub.” More when we have it. Reports this morning indicate that Uber, the American ride-hailing giant with a global footprint, will lose out on its attempt to buy Grubhub, an… Continue reading Uber shares tumble 5% as reports indicate it will lose Grubhub deal to European rival
German freight tech start-up Sennder merges with France’s Everoad
BERLIN, June 9 (Reuters) – German freight technology firm Sennder said on Tuesday it was merging with French peer Everoad in a deal that keeps it on track for its target of 1 billion euros ($1.1 billion) in revenue by 2024. Sennder, founded in 2015, is merging with the smaller Everoad in a stock-based deal… Continue reading German freight tech start-up Sennder merges with France’s Everoad
Lilium adds $35M from Baillie Gifford at a $1B+ valuation for its electric aircraft taxi service
While most air travel continues to be ground to a halt, a German startup working on what it hopes will be a major breakthrough in flying has raised more funds to continue building its service. Lilium, which is designing an all-electric vertical take-off and landing aircraft that it plans to build into a taxi-style fleet… Continue reading Lilium adds $35M from Baillie Gifford at a $1B+ valuation for its electric aircraft taxi service
Uber could lose its Grubhub deal to Just Eat or Delivery Hero
According to CNBC there are two suitors rivaling Uber for purchase of U.S. food delivery company Grubhub: Just Eat Takeaway (the union of Just Eat and Takeaway) and Delivery Hero. Both are European companies perhaps looking for a major entry to the United States market. Just Eat Takeaway is based in the U.K. and Holland,… Continue reading Uber could lose its Grubhub deal to Just Eat or Delivery Hero
The Station: Cruise cuts, Waymo snags more cash and a VC Mobility survey – TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. If you’re interested in all the future and present ways people… Continue reading The Station: Cruise cuts, Waymo snags more cash and a VC Mobility survey – TechCrunch
IIHS study finds self-driving cars may only avoid a third of crashes
Sponsored Links Andrej Sokolow/picture alliance via Getty Images Self-driving cars are theoretically ideal for safety. Take human limitations out of the mix and no one gets hurt, right? Not necessarily. A new IIHS study (via Autoblog) suggests that completely switching to autonomous technology would only prevent about a third of crashes if the systems “drive… Continue reading IIHS study finds self-driving cars may only avoid a third of crashes
Bird shuts down Circ operations in Middle East, scraps as many as 10,000 scooters
Bird has shut down scooter sharing in several cities in the Middle East, an operation that was managed by Circ, the micromobility startup it acquired in January. About 100 Circ employees have been laid off and as many as 10,000 Circ scooters have been sent to a third-party UAE-based company for recycling, according to multiple… Continue reading Bird shuts down Circ operations in Middle East, scraps as many as 10,000 scooters
Toro Raises $4M in Seed Financing
Toro, a San Francisco, CA-based data quality monitoring solution provider, raised $4m in seed funding. The round was co-led by Costanoa Ventures and Point72 Ventures with participation from other backers, including former Head of Data at Uber, Jai Ranganathan, and head of machine learning platform for Uber’s self-driving arm, Yu Guo. The company plans to… Continue reading Toro Raises $4M in Seed Financing
Chilean regulator approves Uber’s purchase of Cornershop: statement
FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration SANTIAGO (Reuters) – Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to… Continue reading Chilean regulator approves Uber’s purchase of Cornershop: statement