November 19, 2018 Gett Inc., the ride-hailing app valued at more than $1 billion and backed by Volkswagen AG, is looking for buyers in a bid to compete with larger rivals, people familiar with the matter said. The Israeli tech company has approached potential bidders including other car-hire firms, the people said, asking not to… Continue reading VW-backed ride-hailing app Gett seeks buyers to compete with bigger rivals
Tag: Uber
Lyft launches default tipping, rating protections and more to keep drivers happy
Until autonomous vehicles are here, ride-hailing companies like Lyft and Uber have to attract and retain human drivers if they hope to sustain their businesses. Lyft announced Thursday a half dozen new driver-friendly features, from default tipping and in-trip tipping to ways to protect their ratings and an events planner. Lyft also committed to rolling… Continue reading Lyft launches default tipping, rating protections and more to keep drivers happy
Uber loss tops $1bn ahead of planned IPO
Uber posted a loss of $1.07bn (£821m) in the three months to September, as the ride-sharing firm prepares for a public stock offering next year. The US company’s net losses widened sharply on a quarterly basis as revenues rose only slightly. Uber was recently valued at $72bn, making it one of the most valuable privately… Continue reading Uber loss tops $1bn ahead of planned IPO
UPDATE 1-Uber posts $1 bln loss in quarter as growth in bookings slows
SAN FRANCISCO (Reuters) – Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. FILE PHOTO: The Uber application is… Continue reading UPDATE 1-Uber posts $1 bln loss in quarter as growth in bookings slows
Lime launches its first car-sharing service in Seattle
Lime It’s true: after a long time focusing on scooters, Lime is ready to delve into four-wheeled transportation. The startup is launching a car-sharing service, LimePod, that will be available in Seattle as of this week. As with scooters, it’ll cost just $1 to unlock a car that you can park wherever you need it… Continue reading Lime launches its first car-sharing service in Seattle
GM is going to allow Ford vehicles and other competitors on its Maven car-sharing platform
GM’s car-sharing subsidiary Maven is undergoing another expansion. This time, it’s not just to a new city. Maven plans to open up its new peer-to-peer car rental service to allow owners to rent out non-GM vehicles. It is also setting its sights on bigger changes in the future, according to Julia Steyn, vice president of GM Urban… Continue reading GM is going to allow Ford vehicles and other competitors on its Maven car-sharing platform
Uber rival Taxify says it can grow 100 times bigger in the scooter and ride-hailing market
Original Article
Taxify aims for 10-fold Africa growth, to overtake Uber in Europe
LISBON (Reuters) – Taxify, a European-based rival to Uber and the leading app-based taxi-hailing platform in Africa, expects to grow its African business ten-fold over the next two years while it works to dethrone Uber in Europe, its chief executive told Reuters. FILE PHOTO – A Taxify car drives in Tallinn, Estonia, June 13, 2017.… Continue reading Taxify aims for 10-fold Africa growth, to overtake Uber in Europe
Electric flying taxi service Lilium poaches key hires from Audi, Airbus
Lilium, the developer of a new, electric, vertical take-off and landing vehicle for a novel flying taxi service, has poached some pretty big former executives from Airbus and Audi as it builds out its technology and gets ready to bring its service to market. Mirko Reuter, the former head of automated driving at Audi, has… Continue reading Electric flying taxi service Lilium poaches key hires from Audi, Airbus
InMotion backs Transit – The all-in-one mobility platform
We are thrilled to announce our latest investment in Montreal-based journey planner app, Transit. This all-in-one mobility platform helps people navigate and make better transport decisions in more than 175 cities worldwide. The app has integrated a range of mobility options including Uber, bike share, car share, public transport and walking. Users can quickly compare… Continue reading InMotion backs Transit – The all-in-one mobility platform