Ample, a startup developing battery swapping technology for electric vehicles, has scored another $30 million from The Blackstone Group and Spanish multinational financial services company Banco Santander. The San Francisco-based company should be at or near unicorn status, considering its valuation back in August was $890 million, according to Pitchbook. Unicorn status means a company… Continue reading Ample raises $30M to take battery swapping business to Europe
Tag: Uber
Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently… Continue reading Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Lyft reports adjusted profitability again as revenue per rider rises
Lyft reported Tuesday its second consecutive quarter of adjusted profitability as riders returned to the U.S. ride-hailing company’s service. The ride-hailing service, which competes with Uber in the ride-hailing business, reported revenues of $864.4 million in the third quarter, a 73% pop from the $499.7 million in the same year-ago period. Analysts expected revenue of… Continue reading Lyft reports adjusted profitability again as revenue per rider rises
Lime raises $523M as it prepares to go public
Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company’s path to going public next year. Lime will use the capital to invest in its decarbonization efforts, refresh a significant portion of its… Continue reading Lime raises $523M as it prepares to go public
Technology · November 4, 2021 · 11:02 PM UTCUber makes first operating profit as driver shortage easesUber Technologies Inc on Thursday reported its f…
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Nov 4 (Reuters) – Uber Technologies Inc (UBER.N) on Thursday reported its first profitable quarter on an adjusted basis since it launched more… Continue reading Technology · November 4, 2021 · 11:02 PM UTCUber makes first operating profit as driver shortage easesUber Technologies Inc on Thursday reported its f…
Tesla and Hertz reportedly have a disagreement over how fast Tesla can deliver 100,000 electric cars
Tesla and Hertz are reportedly in the middle of a disagreement over how fast the former can deliver the 100,000 electric cars that the rental company ordered. Last week, Hertz announced that they ordered 100,000 Tesla vehicles, then partnered with Uber to provide 50,000 of them to their drivers with an option for 100,000 more. It… Continue reading Tesla and Hertz reportedly have a disagreement over how fast Tesla can deliver 100,000 electric cars
Uber: Uber Announces Results for Third Quarter 2021
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2021. Financial Highlights for Third Quarter 2021 Gross Bookings grew 57% year-over-year (“YoY”) to $23.1 billion, or 53% on a constant currency basis, with Mobility Gross Bookings of $9.9 billion (+67% YoY) and Delivery Gross Bookings of $12.8… Continue reading Uber: Uber Announces Results for Third Quarter 2021
Parsing Hertz’s Big EV Bet
Given the ease to consumers of using an Uber, car rental companies were forced to up their game. Hertz’s deal with Tesla helps its need to restock fleet post pandemic, and garnered much positive press. Photo by Charlie Deets on Unsplash The rental car and electric vehicle worlds have been abuzz with the announcement of a “deal” between Hertz… Continue reading Parsing Hertz’s Big EV Bet
CarTrawler Adds Fabrizio Ruggiero to Board
Fabrizio Ruggiero joins execs from British Airways and JetBlue to CarTrawlers board of directors. Photo via CarTrawlers CarTrawler, provider of car rental and mobility solutions to the global travel industry, announces Fabrizio Ruggiero will join its board of directors. Ruggiero brings 15 years of auto industry experience, including serving as CEO of Edenred Italia and former deputy… Continue reading CarTrawler Adds Fabrizio Ruggiero to Board
Autos & TransportationTesla added to Uber London plan to boost electric car uptakeNovember 3, 2021
LONDON, Nov 3 (Reuters) – Tesla cars from Wednesday will be available to Uber (UBER.N) drivers in London looking to buy or lease a green vehicle as part of an incentive scheme to boost electric car use, the ride-hailing app said. Since Uber introduced a clean air fee, which adds 3 pence (4 cents) to… Continue reading Autos & TransportationTesla added to Uber London plan to boost electric car uptakeNovember 3, 2021