Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber it’s a situation that is not only normal but essential. That’s according to the ride-hailing giant’s CTO, Thuan Pham, who talked about the complicated rivalry Uber has with China’s Didi Chuxing, which… Continue reading Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship
Tag: Uber
Alphabet’s self-driving car company tests free Wi-Fi and music to entice riders – CNBC
Students use the Waymo driverless vehicles to get to school. Source: Waymo Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry. The Alphabet subsidiary is testing complimentary Wi-Fi in its robotaxis in greater Phoenix, where hundreds of the company’s identical, driverless… Continue reading Alphabet’s self-driving car company tests free Wi-Fi and music to entice riders – CNBC
Ridecell expands funding round for autonomous ride-hailing platform to $60 million – VentureBeat
Car-sharing, ride-sharing, and ride-hailing companies have something in common: They rely on fairly sophisticated backends to keep fleets up and running on time. Ridecell, which offers one such software-as-a-service (SaaS) solution, has attracted the attention of investors like LG and Sony. The San Francisco startup today announced an extension of the $28 million Series B round… Continue reading Ridecell expands funding round for autonomous ride-hailing platform to $60 million – VentureBeat
CORRECTED-(OFFICIAL)-E-scooters put Swedish start-up on road to positive cashflow
STOCKHOLM (Reuters) – Growing numbers of young people whizzing around Europe’s big cities on electric scooters may represent a nightmare for some pedestrians and motorists, but for Swedish sharing start-up VOI they offer a path to positive cashflow. Electric scooters from Swedish startup VOI and Belin-based Tier sit parked side-by-side in Stockholm, Sweden July 7,… Continue reading CORRECTED-(OFFICIAL)-E-scooters put Swedish start-up on road to positive cashflow
Uber rival Bolt has closed another tranche of funding at a $1B+ valuation
Uber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development, TechCrunch has learned and confirmed that Bolt, the Estonian ride-sharing, scooter and food delivery company that operates across Europe —… Continue reading Uber rival Bolt has closed another tranche of funding at a $1B+ valuation
Daimler and BMW plan Uber clone in Frankfurt
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FOCUS-Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals
SAN FRANCISCO (Reuters) – Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry. A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo in the Manhattan borough of New York City, U.S., March 27, 2018. REUTERS/Brendan McDermid The Alphabet… Continue reading FOCUS-Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals
Comment: After BMW’s departure, tough decisions are now being made at BMW
BMW Group headquarters The automobile company has lost its lead in electromobility in recent years and at the same time a revenue problem. (Photo: DAPD) Profit warning, power struggles and an increasingly unsettled workforce: The news from the BMWHeadquarters have not been good in recent months. The pressure on CEO Harald Kruger was great. Now… Continue reading Comment: After BMW’s departure, tough decisions are now being made at BMW
Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise
(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo SoftBank has… Continue reading Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise
Waresix hauls in $14.5M to advance its push to digitize logistics in Indonesia
Waresix, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old business. This new investment, Waresix’s Series A, is led by EV Growth — the growth-stage fund co-run by East Ventures — with participation from SMDV… Continue reading Waresix hauls in $14.5M to advance its push to digitize logistics in Indonesia