Big bucks are pouring to get you through the chaotic traffic on Indian roads. Bounce, a Bangalore-based startup that operates over 17,000 electric and gasoline scooters in three dozen cities in India, has raised about $150 million as part of an ongoing financing round led by existing investors Eduardo Saverin’s B Capital and Accel Partners… Continue reading Indian scooter rental startup Bounce raises $150M
Tag: Uber
Indian ride-hailing firm Ola begins signing up drivers in London
One day after Uber Technologies Inc.’s future in London was cast in doubt, rival Ola said it had started signing up drivers in London on Tuesday and will start service in the city within weeks. Ola had been expected to begin its London business before the end of the year, but the company now expects… Continue reading Indian ride-hailing firm Ola begins signing up drivers in London
Uber drives up prices for shared rides, Chicago data reveals
(Reuters) – How much ride-hailing companies Uber and Lyft charge customers throughout a day is one of the most closely held secrets in Silicon Valley. FILE PHOTO: An Uber pick-up location is pictured in San Diego, California, September 30. 2019. REUTERS/Mike Blake/File Photo But a law in Chicago requiring the companies to disclose fare data… Continue reading Uber drives up prices for shared rides, Chicago data reveals
Europe’s youngest unicorn founder quietly built a $1 billion Uber rival. He explains why Uber’s winner-takes-all strategy is wrong.
Youth is no barrier for the best entrepreneurs, but it can take a long time to convince investors that their view of the market is wrong.Uber, Bolt’s main rival, raised $20 billion before its public float this year to essentially outspend the competition and dominate the markets in which it operates.To date, the firm has raised $244 million, significantly less rivals, from investors including German carmaker Daimler, Chinese ride-hailing giant Didi Chuxing, and Swedish investors Creandum.
India’s Ola to begin operations in London in ‘coming weeks’
Indian ride-hailing giant Ola said today it will begin operations in London “in the coming weeks,” a day after the local authorities revoked Uber’s license to operate in one of the world’s most lucrative cities. The Indian firm, which entered portions of the UK last year, has started to sign up drivers in London ahead… Continue reading India’s Ola to begin operations in London in ‘coming weeks’
A new Chicago ride-hailing law reveals for the first time what Uber and Lyft really charge (UBER, LYFT)
Uber and Lyft’s pricing strategies have been revealed for the first time thanks to a new Chicago law. A Reuters analysis of the data shows fares for shared rides in the city have risen significantly over the past year, while fares for single riders have remained stable. The data doesn’t differentiate between companies, but Uber… Continue reading A new Chicago ride-hailing law reveals for the first time what Uber and Lyft really charge (UBER, LYFT)
Singapore’s Grab launches pilot motorbike-hailing service in Malaysia
FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga KUALA LUMPUR (Reuters) – Ride-hailing firm Grab has launched a pilot program for motorbike hailing in Malaysia, barely a month after regional rival Gojek was given the green light to begin limited operations… Continue reading Singapore’s Grab launches pilot motorbike-hailing service in Malaysia
India’s electric bike rental startup Yulu inks strategic partnership with Bajaj Auto, raises $8M
Yulu, a Bangalore-based electric bike sharing platform that maintains a partnership with Uber, said today it has won the backing of one of the country’s largest automakers. The two-year-old startup said it has entered into a strategic partnership with Bajaj Auto, which has also funded Yulu’s $8 million Series A financing round. As part of the… Continue reading India’s electric bike rental startup Yulu inks strategic partnership with Bajaj Auto, raises $8M
Coup shuts down its electric moped scooter service
Coup, an electric moped scooter-sharing service that operates in Berlin, Paris and Berlin, has announced in an email that it is going to shut down in all three cities. On Twitter, the company says that operating the service is “economically unsustainable” in the long term. “We plan to discontinue our service in Berlin and Tübingen… Continue reading Coup shuts down its electric moped scooter service
‘Unfit’ Uber loses London license over safety failures
LONDON (Reuters) – Uber (UBER.N) was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years, pending an appeal, over a “pattern of failures” on safety and security. Unauthorized drivers were able to upload their photos to others’ accounts so that, on at least… Continue reading ‘Unfit’ Uber loses London license over safety failures