Uber’s efforts to diversify outside of ride-hailing will continue for the foreseeable future, CEO Dara Khosrowshahi told NDTV in an interview Thursday evening. “I think it’s going to be 50-50,” Khosrowshahi said, in response to a question about how he expects Uber’s business will be split moving forward between ride-hailing and other divisions like food… Continue reading Uber CEO Dara Khosrowshahi says ride-hailing will make up only 50% of the company’s business moving forward as food delivery growth surges (UBER)
Tag: Uber
Chinese autonomous vehicle company WeRide starts driverless testing
WeRide, a Chinese autonomous vehicle startup, said on Friday it has become the first autonomous company to start fully driverless vehicle testing in China, as the world’s biggest auto market accelerates the development of autonomous technologies. Three-year-old WeRide, backed by Nissan, Renault and Mitsubishi, said in a statement that it started tests on Wednesday on… Continue reading Chinese autonomous vehicle company WeRide starts driverless testing
China’s autonomous vehicle company WeRide starts driverless testing
BEIJING (Reuters) – WeRide, a Chinese autonomous vehicle startup, said on Friday it has become the first autonomous company to start fully driverless vehicle testing in China, as the world’s biggest auto market accelerates development of autonomous technologies. Three-year-old WeRide, backed by Nissan, Renault and Mitsubishi, said in a statement that it started tests on… Continue reading China’s autonomous vehicle company WeRide starts driverless testing
ALYI – Alternet Sustainable EV Ride-share Business Accelerates Amid Industry Momentum
DALLAS, July 7, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation that is anticipated to close within the next 90 days (see more investment details below). The $2.5 million confirmation is made in… Continue reading ALYI – Alternet Sustainable EV Ride-share Business Accelerates Amid Industry Momentum
Uber: Uber Unveils Grocery Delivery
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that users in select Latin American and Canadian cities can now order groceries through the Uber and Uber Eats apps, in partnership with Cornershop, the popular grocery delivery startup based in Santiago, Chile. This follows the companies’ 2019 agreement for Uber to acquire a majority stake… Continue reading Uber: Uber Unveils Grocery Delivery
The big winner of Uber’s $2.65 billion Postmates acquisition is Spark Capital, a small VC firm that’s enjoying a streak of hits in a gloomy 2020.
Spark Capital was one of the big winners when Uber announced its acquisition of restaurant service Postmates for $2.6 billion on Monday. The venture capital firm has invested in other major hitters in the startup world, including Slack, Plaid, and Mirror, the fitness tech startup that was sold to Lululemon for $500 million. It’s unclear… Continue reading The big winner of Uber’s $2.65 billion Postmates acquisition is Spark Capital, a small VC firm that’s enjoying a streak of hits in a gloomy 2020.
Uber Buys Postmates for $2.65 Billion
SAN FRANCISCO — Uber has agreed to acquire the food delivery start-up Postmates for $2.65 billion as it aims to expand its presence in on-demand food delivery while its core ride-hailing business struggles. The companies announced the all-stock deal on Monday morning. Uber will combine Postmates with its own food delivery subsidiary, Uber Eats, which… Continue reading Uber Buys Postmates for $2.65 Billion
Uber: Uber to Acquire Postmates
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and Postmates Inc. today announced that they have reached a definitive agreement under which Uber will acquire Postmates for approximately $2.65 billion in an all-stock transaction. This transaction brings together Uber’s global Rides and Eats platform with Postmates’ distinctive delivery business in the U.S. Postmates is highly complementary… Continue reading Uber: Uber to Acquire Postmates
Uber said to buy food delivery app Postmates in $2.65b all-stock deal
Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg News reported, citing people familiar with the matter. The deal has been approved by Uber‘s board and could be announced as soon as Monday, Bloomberg reported, adding that Pierre-Dimitri Gore-Coty, head of Uber‘s food delivery business, Uber Eats,… Continue reading Uber said to buy food delivery app Postmates in $2.65b all-stock deal
Amazon’s $1.2 billion deal to buy Zoox shows just how hard building a self-driving car still is —and why even more startups could become buyout targets (AMZN, UBER, WMT)
Amazon’s deal to buy self-driving car startup Zoox could foreshadow more deals to come. Autonomous vehicle technology is proving to be much harder to develop than early enthusiasts predicted. It could take a decade or more and tens of billions of dollars for the industry to develop commercially viable robo-taxi services that are built around… Continue reading Amazon’s $1.2 billion deal to buy Zoox shows just how hard building a self-driving car still is —and why even more startups could become buyout targets (AMZN, UBER, WMT)