The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from… Continue reading The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing
Tag: Uber
Thursday Morning Auto News, Apr 29, 2021
China’s Baidu to launch paid driverless ride-hailing services in Beijing – Reuters Huawei deepens dive into EVs, seeks control of small automaker- Reuters Volkswagen plans renewable investments in CO2 reduction push – Reuters Ford CEO expects chip shortage impact to bottom in Q2, production rebound in second half of year – CNBC GM makes deals… Continue reading Thursday Morning Auto News, Apr 29, 2021
Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million
Toyota is buying Lyft’s self-driving technology unit for $550 million, the companies said Monday. Lyft joins Uber in ditching plans to make its own self-driving vehicle. The self-driving unit, Level 5, will become a part of Toyota’s new Woven Planet division. See more stories on Insider’s business page. Toyota Motor Corp will acquire Lyft Inc’s self-driving… Continue reading Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million
Report: Indian mobility startup to bag $50m to take on Ola and Uber
Rapido has banked US$30 million from WestBridge Capital, while other investors have poured in US$20 million. Go to Source
Dutch startup Go Sharing raises $60M to expand beyond e-mopeds and into new markets
On-demand access to electric mopeds — the small, motorised scooters that you sit on, not kick — has been a small but persistent part of the multi-modal transportation mix on offer to people in cities these days. Today, a startup out of The Netherlands is announcing some funding with ambitions to make e-mopeds more mainstream,… Continue reading Dutch startup Go Sharing raises $60M to expand beyond e-mopeds and into new markets
Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app
Gett, the ride-hailing startup that has been carving out a niche for itself in a crowded and competitive market for on-demand transportation by focusing on enterprise accounts and connecting people with rides in some 1,500 cities leveraging a number of third-party fleets, is adding another partner today as it continues to double down on its… Continue reading Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app
4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.
Dara Khosrowshahi prioritized fixing Uber’s culture when he became CEO in 2017. Since then he’s made decisions aimed at making Uber more ethical and transparent. His efforts have largely been successful, Uber employees and a Wall Street analyst told Insider. See more stories on Insider’s business page. Dara Khosrowshahi was shopping for groceries in August… Continue reading 4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.
Uber is sitting on $18 billion in global investments, with a stake in Grab’s record SPAC deal worth more than $5 billion alone (UBER)
Singapore’s ride-hailing firm Grab announced plans Tuesday to go public at a $40 billion valuation. Uber is one company poised to win big, with an investment that will be worth more than $5 billion. This is the latest pivot Uber has made in recent years as it’s pared back cash-burning endeavors. See more stories on… Continue reading Uber is sitting on $18 billion in global investments, with a stake in Grab’s record SPAC deal worth more than $5 billion alone (UBER)
Equity Monday: Microsoft buys Nuance, Uber isn’t dead, and Austin has a new unicorn
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You… Continue reading Equity Monday: Microsoft buys Nuance, Uber isn’t dead, and Austin has a new unicorn
Uber reveals March bookings were the highest in company history as ride-hailing rebounds from the pandemic (UBER)
Uber saw record demand for its ride-hailing services in March, it said Monday The company also hit another record for its delivery services. Uber faces some difficulty finding drivers to meet post-pandemic demand for its services. See more stories on Insider’s business page. Uber on Monday revealed record bookings for the month of March 2021,… Continue reading Uber reveals March bookings were the highest in company history as ride-hailing rebounds from the pandemic (UBER)