Tag: Uber

Fontinalis Partners Closes $104M Fund III

Fontinalis Partners, a mobility-focused venture firm with offices in Detroit and Boston, closed a $104m third fund. Fontinalis III brings the firm’s total committed capital to approximately $270m, and the fund is comprised of more than 30 limited partners spanning institutional investors, individuals & family offices, and corporate investors with strategic relevance to mobility. In… Continue reading Fontinalis Partners Closes $104M Fund III

California judge rules Prop 22 unconstitutional, dealing blow to gig worker initiative backed by Uber and Lyft

A California judge ruled that Proposition 22, passed by voters in November, is unconstitutional. Prop 22 exempted food delivery and ride-hailing workers from state labor law protections. An industry-backed PAC supporting Prop 22 said it will appeal the ruling. Loading Something is loading. In a huge setback for Uber, Lyft, and DoorDash, Alameda County Superior… Continue reading California judge rules Prop 22 unconstitutional, dealing blow to gig worker initiative backed by Uber and Lyft

California judge finds Prop 22 gig worker measure unconstitutional

A California judge has ruled that Proposition 22, the measure that allows companies like Uber and Lyft to keep classifying app-based drivers in the state as independent contractors, is unenforceable and unconstitutional. According to the San Francisco Chronicle, Alameda County Superior Court judge Frank Roesch found that Prop 22 illegally “limits the power of a… Continue reading California judge finds Prop 22 gig worker measure unconstitutional

California’s gig worker Prop 22 ruled unconstitutional by superior court

In a late Friday night blow to Uber, Lyft and other gig worker-centered companies, a superior court judge ruled that California’s Proposition 22, which was passed in 2020 and designed to overrule the state’s controversial AB-5 law on the employment status of gig workers, violates the state’s constitution. Frank Roesch, a superior court judge in… Continue reading California’s gig worker Prop 22 ruled unconstitutional by superior court

Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures

Uber Technologies has acquired HKTaxi, a mobile app that connects taxi drivers with riders in Hong Kong, to couple the firm’s local knowledge and engineering strength with its global R&D and operational capabilities, the ride-hailing giant announced on Friday. The acquisition will not have any immediate impact on drivers or riders using the HKTaxi or… Continue reading Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures

Bird shows improving scooter economics, long march to profitability

Newly reported financial data from Bird, an American scooter sharing service, shows a company with an improving economic model, and a multi-year path to profitability. However, that path is fraught unless a number of scenarios all work out, in concert and without a glitch. Bird, well-known for its early battles with domestic rival Lime, is… Continue reading Bird shows improving scooter economics, long march to profitability

Global and China L4 Autonomous Driving Report 2021: L4 Autonomous Driving for Commercial Vehicles Enters the Phase of Cross-Scenario Mass Production and Application

DUBLIN, Aug. 20, 2021 /PRNewswire/ — The “Global and China L4 Autonomous Driving and Start-ups Report, 2021″ report has been added to ResearchAndMarkets.com’s offering. In April 2021, Waymo’s CEO and CFO left the company. In addition, the Chief Safety Officer, head of manufacturing and global supply and general manager of Laser Bear LiDAR business, head… Continue reading Global and China L4 Autonomous Driving Report 2021: L4 Autonomous Driving for Commercial Vehicles Enters the Phase of Cross-Scenario Mass Production and Application

EV battery startup Ample raises $160 million in latest funding round

Khaled Hassounah, Ample CEO & Co-Founder, joined Yahoo Finance Live to discuss the company’s latest funding round and his outlook for the EV sector. Video Transcript ADAM SHAPIRO: The CEO and co-founder Khaled Hassounah is joining us with news that you just raised another $160 million. Tell us how that’s going to help you, because… Continue reading EV battery startup Ample raises $160 million in latest funding round

Ample raises $160M to scale its battery swapping service

San Francisco-based Ample has raised a $160 million Series C to scale its battery swapping service, the largest round yet for the 8-year-old startup that wants to completely rethink how we use electric vehicles. Ample’s approach is relatively straightforward: Cars equipped with the company’s modular battery pack can drive into one of Ample’s automated charging… Continue reading Ample raises $160M to scale its battery swapping service