Zoomo (fka Bolt Bikes), an Australian mobility startup, closed a US$11M Series A funding. The round was led by the Australian Clean Energy Finance Corporation (CEFC) with a US$5m equity investment with participation from Hana Ventures and existing investors Maniv Mobility and Contrarian Ventures, together with venture debt from OneVentures and Viola Credit. The company… Continue reading Zoomo Raises US$11M in Series A Funding
Tag: Uber
The Station: Canoo paddles into the SPAC current and the next threat to micromobility
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Let’s… Continue reading The Station: Canoo paddles into the SPAC current and the next threat to micromobility
Human Capital: What’s next in Uber and Lyft’s court battle and a look at board diversity in Silicon Valley
Welcome back to Human Capital, where we unpack the latest in diversity, equity and inclusion, and labor issues in the tech industry. In this week’s edition, we’re looking at the latest in Uber and Lyft’s court battle to keep their drivers classified as independent contractors, Pinterest’s well-timed announcement of a Black board member, overall board… Continue reading Human Capital: What’s next in Uber and Lyft’s court battle and a look at board diversity in Silicon Valley
California court ruling gives voters last word over Uber, Lyft worker rights
LOS ANGELES/NEW YORK (Reuters) – A California appeals court ruling on Thursday avoided a shutdown of ride-hailing services Uber and Lyft in the state, effectively handing a decision over gig worker benefits and pay to voters in a November ballot measure. Rideshare driver Jesus Jacobo Zepeda of Lancaster, California takes part in a rally as… Continue reading California court ruling gives voters last word over Uber, Lyft worker rights
Judge grants Uber and Lyft temporary stay in driver reclassification case
A California appeals court judge has granted Uber and Lyft’s emergency stay. This means the preliminary injunction that sought to force companies to reclassify their drivers as employees will not go into effect this Friday. The court is now reviewing Uber and Lyft’s appeal to overturn the trial court’s ruling. Oral arguments in the case… Continue reading Judge grants Uber and Lyft temporary stay in driver reclassification case
Amazon to help Toyota build cloud-based data services
Signage is seen at an Amazon facility in Bethpage on Long Island in New York, U.S., March 17, 2020. REUTERS/Andrew Kelly (Reuters) – Amazon.com Inc’s (AMZN.O) cloud computing unit will help Japan’s Toyota Motor Corp (7203.T) build a platform to help manage and monetize data gathered from the automaker’s global vehicle fleet, the companies said… Continue reading Amazon to help Toyota build cloud-based data services
Uber: Can Employees Really Work However They Want?
by Alison Stein, Economist at Uber On August 10, Uber CEO Dara Khosrowshahi wrote an op-ed in the New York Times, proposing that the U.S. employment system be updated to require gig platform companies like Uber to pay for new benefits and grant new protections to drivers. One of his key arguments was that today’s system forces… Continue reading Uber: Can Employees Really Work However They Want?
BMW and Daimler’s ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
Free Now, Uber’s big ride-hailing competitor in Europe, says its overall European operations are profitable in contrast to US rivals. Free Now also won a two-year license to operate in London in August. Uber meanwhile is scrabbling to appeal a 2019 decision to scrap its London license. Free Now is owned by two European car… Continue reading BMW and Daimler’s ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
Ride-hailing’s collapsing house of cards
Uber and Lyft need to prove they’re economically viable, but doing so while keeping its customer base seems impossible. Go to Source
PSA’s car sharing service can now seek new investors, CEO says
PARIS (Reuters) – Free2Move, the car rental and car-sharing business developed by French automaker PSA Group (PEUP.PA), now has the capacity to start to court new outside investors, its chief executive Brigitte Courtehoux said. FILE PHOTO: Free2Move Paris electric vehicles by Groupe PSA are displayed outside Paris city hall as the French car maker launches… Continue reading PSA’s car sharing service can now seek new investors, CEO says