Gett, the ridesharing company backed by Volkswagen and valued at around $1.5 billion, is putting the brakes on a major part of its growth strategy. Today, the company announced that it is closing its operations in New York, which run under the Juno brand, effective today. The company has a substantial business serving enterprise customers… Continue reading Juno shuts down its operations in NYC as owner Gett signs strategic partnership with Lyft
Tag: Uber
Bolt Bikes launches e-bike subscription platform for gig delivery workers in U.S., UK
Bolt Bikes, the Sydney, Australia-based startup founded in 2017, is taking its electric bike platform designed for gig economy delivery workers to the U.S. and UK. The company is expanding on the heels of a $2.5 million seed round led by Maniv Mobility, European e-mobility firm Contrarian Ventures, individual investors and former executives of Uber… Continue reading Bolt Bikes launches e-bike subscription platform for gig delivery workers in U.S., UK
Grab announces ride-hailing partnerships in Japan, Middle East
Grab users in Singapore, Malaysia, and the Philippines will be able to book rides using the Grab app while visiting Japan and 13 countries in the Middle East, the Southeast Asian ride-hailing unicorn announced Monday. In a statement, Grab said it has partnered with JapanTaxi in Japan and Careem in the Middle East to provide… Continue reading Grab announces ride-hailing partnerships in Japan, Middle East
Airbus-backed tournament unveils first electric racing aircraft
(Reuters) – An Airbus-backed air racing tournament unveiled an electric-powered sports aircraft on Sunday, billed as the world’s first, as the European planemaker seeks to boost its green aerospace technology. Several companies, including U.S. ride-hailing company Uber Technologies Inc (UBER.N), are working on electric-powered flying cars, amid increasing concerns about the environmental impact of fossil-fuel… Continue reading Airbus-backed tournament unveils first electric racing aircraft
WeWork meltdown hasn’t changed Grab’s plans, co-founder says
SINGAPORE — The co-founder of Grab, which has become one of Southeast Asia’s most valuable tech startups in just seven years, says the group’s ride-hailing and payment business can help society while making financial sense. Tan Hooi Ling stressed that the ideas of a “path to profitability” and “sound unit economics” — phrases often heard… Continue reading WeWork meltdown hasn’t changed Grab’s plans, co-founder says
Hackers Discovered Only After Maxing Out Victim’s Cloud Storage
Move fast and break things was in full effect this week, as researchers revealed that Intel took a full year to release a fix for a chip flaw the company had been repeatedly warned about. Over in a different digital ecosystem, researchers from the security firm Kryptowire dropped 146 vulnerabilities found in handsets made by… Continue reading Hackers Discovered Only After Maxing Out Victim’s Cloud Storage
VC Cyan Banister on her path, who decides what at Founders Fund and the state of San Francisco
Cyan Banister is an American success story. A homeless teenager who originally supported herself by making hemp necklaces, then silk-screen T-shirts, she went on to become a self-taught engineer and to later hold several management roles at the security startup IronPort. It was a life-changing experience for her. She made an early fortune when it… Continue reading VC Cyan Banister on her path, who decides what at Founders Fund and the state of San Francisco
Enway Raises €6M in Seed Funding
Enway, a Berlin, Germany-based company that builds the next generation of cleaning services, raised €6M in seed funding. The round was led by Redalpine with participation from Berlin Technologie Holding and a number of Silicon Valley business angels including Moving Capital, an investment club of UBER Alumni, and existing investors Atlantic Labs and b10 |… Continue reading Enway Raises €6M in Seed Funding
Siberian taxi firm bringing fare-haggling to Moscow plans expansion
FILE PHOTO: People hail taxis near the exit of Park Kultury metro station during a train service disruption in Moscow March 29, 2010. REUTERS/Denis Sinyakov/File Photo MOSCOW (Reuters) – A Siberian ride-hailing firm that allows customers to haggle over their fares is investing to beef up its presence in Moscow, a market dominated by New… Continue reading Siberian taxi firm bringing fare-haggling to Moscow plans expansion
Lyft is ceasing scooter operations in six cities and laying off 20 employees
In an industry where unit economics and rider utilization are key to running a profitable business, perhaps it’s better to cut your losses early on. Lyft notified employees today that it’s pulling its scooters from six markets: Nashville, San Antonio, Atlanta, the Phoenix area, Dallas and Columbus. “We’re choosing to focus on the markets where… Continue reading Lyft is ceasing scooter operations in six cities and laying off 20 employees