Tag: Uber

Uber calls on European authorities to invest in public transport at local, national and European…

Uber calls on European authorities to invest in public transport at local, national and European levels Uber Under the HoodBlockedUnblockFollowFollowing Jan 15 For more than one hundred years, the private car has played a significant role in how people move around cities. But mobility is at an inflection point. We are shifting from today’s dominant singular… Continue reading Uber calls on European authorities to invest in public transport at local, national and European…

Self-driving motorcycles are (almost) ready to go out for a spin

When you think of autonomous vehicles, what comes to mind? Cars and trucks? Perhaps even public transport options like buses and trains? It’s these vehicles that have dominated the news around the changing mobility landscape around the world, and yet there’s a time-tested way of getting around that often goes overlooked in these discussions: motorbikes.… Continue reading Self-driving motorcycles are (almost) ready to go out for a spin

Flipkart co-founder Sachin Bansal invests $21m in Ola, may inject more

January 14, 2019 Flipkart co-founder Sachin Bansal has invested $21 million in India’s largest cab-hailing platform Ola (ANI Technologies Pvt Ltd), marking his first investment following his ouster from Flipkart, which resulted in him selling his stake in the online retailer for nearly $1 billion. Part of a bigger round, Bansal is expected to infuse… Continue reading Flipkart co-founder Sachin Bansal invests $21m in Ola, may inject more

Under pressure to change, Ford is reinventing itself

The company has not ruled out leaving Europe altogether if its strategy fails, said a source. New York: Struggling with a sagging stock price and sluggish sales, US car giant Ford took steps to regain its footing this week with the announcement of a massive restructuring effort in Europe — even as it prepared for… Continue reading Under pressure to change, Ford is reinventing itself

Bell’s air taxi of the future aims to ferry Uber riders by 2023

While Elon Musk’s Boring Company hopes to ease traffic congestion by burrowing under the cities of tomorrow, Uber and Bell Aerospace are taking to the skies. At CES 2019 in Las Vegas, Bell revealed the latest iteration of its Nexus VTOL aircraft, which is being developed as the preferred platform for Uber’s Elevate air taxi… Continue reading Bell’s air taxi of the future aims to ferry Uber riders by 2023

Uber’s India rival Ola nears $6 billion valuation ahead of huge funding round

Ola, India’s local rival to Uber, has seen its valuation jump to nearly $6 billion as it prepares to take in a large round of financing. The ride-hailing firm, which was founded in 2010, has raised around $3.3 billion from investors to date, and it topped that up a little this week. Ola pulled in… Continue reading Uber’s India rival Ola nears $6 billion valuation ahead of huge funding round

India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview

January 10, 2019 Ola has regained its number two ranking in the pecking order of India’s most valuable startups, after securing $74 million in fresh funding from existing investor Steadview Capital in its latest funding round, which valued India’s leading cab-hailing service at roughly $5.7 billion. Ola, which has been in talks to raise at… Continue reading India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview

Are the days of the private car really over?

A couple of months ago I wrote a wildly optimistic piece about how we’ve all probably bought our last cars. It drew on analysis that suggests that the convergence of electric cars and Uber-style ride hailing networks, together with autonomous driving technology, could completely reshape the car market. These new “robo-taxis” would be so cheap… Continue reading Are the days of the private car really over?