Car ownership has become pricey and untenable in many towns and cities in Europe: between congestion charges to reduce emissions, parking fees, and traffic, many consumers opt instead to use public transportation, two wheels, cabs or their own legs to get around. To add to that mix for longer journeys, today a startup that’s building… Continue reading Virtuo raises $96M for its streamlined take on car rentals
Tag: Uber
Arrival’s Denis Sverdlov on the new era of car manufacturing
‘If your business doesn’t have a technology element, then it doesn’t have a future’ Rebecca Bellan 7 hours Electric vehicle company Arrival wants to break the current auto manufacturing model. Instead of one giant factory and an assembly line, Arrival’s commercial electric vans, buses and cars are robotically built in small, regional microfactories, of which… Continue reading Arrival’s Denis Sverdlov on the new era of car manufacturing
The self-driving industry’s Wild West days are done. An elite group of giants has taken the lead, and any challengers are likely doomed.
The gap between the self-driving industry’s leaders and their competitors is growing. The top tier includes Waymo, Cruise, Argo AI, Aurora, and Motional. Newcomers have the best chance to succeed if they target opportunities outside of ride-hailing. See more stories on Insider’s business page. In the decade after Google started working on self-driving cars, in… Continue reading The self-driving industry’s Wild West days are done. An elite group of giants has taken the lead, and any challengers are likely doomed.
The startup born from Google’s self-driving-car project plans to automate semis. Meet the leaders behind it.
Waymo Via is the trucking arm of Waymo, the Alphabet self-driving startup. Insider spoke with three of Waymo Via’s leaders about the company. Trucking is an $800 billion business in the US, so the opportunity to automate it is huge. See more stories on Insider’s business page. Waymo, formerly known as the Google self-driving-car project,… Continue reading The startup born from Google’s self-driving-car project plans to automate semis. Meet the leaders behind it.
Uber and Lyft investors predict bumpy roads ahead for the ride-hailing giants (UBER, LYFT)
Uber and Lyft reported strong results in their most recent earnings, but their stocks continue to slide. Investors say they’re worried about driver shortages and potential regulation, among other issues. Analysts say it will take some time for the companies to overcome headwinds. See more stories on Insider’s business page. Uber and Lyft both made… Continue reading Uber and Lyft investors predict bumpy roads ahead for the ride-hailing giants (UBER, LYFT)
Uber’s mixed Q1 earnings portray an evolving business
Today, Uber followed Lyft in reporting its Q1 2021 earnings this week. And like its rival, its results take a little bit of work to understand. So, this afternoon, we’re going to parse them as a pair so that we both understand what’s going on at the ride-hailing and food-delivery giant. Let’s start with the… Continue reading Uber’s mixed Q1 earnings portray an evolving business
Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)
Lyft’s John Zimmer in New Orleans in 2018. Stephen McCarthy/Sportsfile via Getty Images Lyft got some analyst support on Wednesday after earnings with two top Wall Street analysts reiterating their bullish stances. CFRA’s Angelo Zino reiterated his “buy” rating and $75 price target citing improved pricing. Wedbush’s Dan Ives reiterated his “overweight” rating and $85… Continue reading Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)
Uber: Uber Announces Results for First Quarter 2021
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2021. Financial Highlights for First Quarter 2021 Gross Bookings grew 24% year-over-year (“YoY”) to $19.5 billion, or 22% on a constant currency basis, with Mobility Gross Bookings of $6.8 billion (-38% YoY) and Delivery Gross Bookings of $12.5… Continue reading Uber: Uber Announces Results for First Quarter 2021
Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected
Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of the… Continue reading Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected
London-based EV maker Arrival soars 10% after announcing a vehicle-development partnership with Uber (ARVL, UBER)
Arrival product chief Tom Elvidge. Arrival Shares of London-based electric automaker Arrival soared Tuesday after the company struck a deal with Uber to develop a vehicle for ride-hailing drivers. Arrival said the car will reduce emissions as Uber has pledged for its London-based service to go fully electric by 2025. The Arrival Car’s design is… Continue reading London-based EV maker Arrival soars 10% after announcing a vehicle-development partnership with Uber (ARVL, UBER)