Tag: Uber

Uber said to be negotiating sale of self-driving tech to Toyota

Uber might begin selling its autonomous driving systems to outside companies, including major automakers, according to a new report from Japan’s Nikkei. The report claims that Uber has had talks with Toyota regarding supplying the automaker with self-driving tech, and that the two are currently in negotiations around how this would work, with talk of… Continue reading Uber said to be negotiating sale of self-driving tech to Toyota

Lyft is testing monthly subscriptions for riders

Lyft is testing a monthly subscription plan for people who tend to take a lot of rides, The Verge first reported. This is no surprise, given Lyft CEO and co-founder Logan Green said earlier this week Lyft would like to achieve in transportation what Netflix achieved in streaming media with subscriptions. There seems to be… Continue reading Lyft is testing monthly subscriptions for riders

Lyft is testing a Netflix-style monthly subscription plan

Lyft is testing monthly subscription plans for high-frequency users, a sign that the company is shifting toward a Netflix or Spotify model for transportation. The terms of the subscription models seem to vary, but appear targeted at users who spend up to $450 on ride-hailing a month. One all-access pass offered up to 30 standard… Continue reading Lyft is testing a Netflix-style monthly subscription plan

UPDATE 1-GM to invest $100 million to upgrade facilities to build self-driving cars

WASHINGTON (Reuters) – General Motors Co (GM.N) said on Thursday it will invest more than $100 million in two facilities as it prepares to build production versions of its Cruise self-driving car next year at its Orion Township assembly plant in Michigan. A self-driving GM Bolt EV is seen during a media event where Cruise,… Continue reading UPDATE 1-GM to invest $100 million to upgrade facilities to build self-driving cars

Auto parts maker Magna invests $200 million in Lyft

(Reuters) – Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars. FILE PHOTO – An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren The news… Continue reading Auto parts maker Magna invests $200 million in Lyft

Lyft says it passed $1 billion in GAAP revenue in 2017

Ride hailing company Lyft says it booked over $1 billion in GAAP revenue for 2018, and showed revenue growth of 168% in Q4 versus the prior year’s quarter. That growth is nearly 3 times as fast as Uber, which saw a 61% increase in revenue in Q4 vs a year ago. It’s also claiming 10… Continue reading Lyft says it passed $1 billion in GAAP revenue in 2017

Lyft says its revenue is growing nearly 3x faster than Uber’s

Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S., and riding some very bad news from its primary rival Uber. That’s helped it grow revenue to over $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced… Continue reading Lyft says its revenue is growing nearly 3x faster than Uber’s

Update: Bird has raised $100 million to become the Uber of electric scooters

Update: Bird confirmed our reporting with an announcement of the close of the round. Index Ventures and Valor Ventures led the funding. “It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the… Continue reading Update: Bird has raised $100 million to become the Uber of electric scooters

Bird is raising $100 million to become the Uber of electric scooters

“It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s… Continue reading Bird is raising $100 million to become the Uber of electric scooters