Cargo, a NYC-based provider of in-car commerce for ride-share companies, secured $22m in Series A financing. The round was led by Founders Fund with participation from:– Coatue Management– Aquiline Technology Growth– Mark Pincus, Founder of Zynga– Vivi Nevo, Israeli-American Venture Capitalist– Colin Carrier, Former Twitch CSO– Emil Michael, Uber’s former Chief Business Officer– Josh Mohrer,… Continue reading Cargo Secures $22M in Series A Financing
Tag: Uber
In-car commerce startup Cargo raises $22 million led by Founders Fund
Cargo, the startup that helps ridesharing drivers earn money by bringing the convenience store into their vehicles, has raised $22 million in a Series A round led by Founders Fund. Additional investment came from Coatue Management, Aquiline Technology Growth as well as a number of high-profile entertainment, gaming, and technology executives who include Zynga founder Mark… Continue reading In-car commerce startup Cargo raises $22 million led by Founders Fund
UPDATE 2-TomTom plans fleet-management sale to focus on maps battle with Google
AMSTERDAM (Reuters) – TomTom is considering selling its fleet-management business to concentrate on competing head-to-head with Google in car navigation software, it said on Thursday. TomTom navigation are seen in front of TomTom displayed logo in this illustration taken July 28, 2017. REUTERS/Dado Ruvic Shares in the Dutch company jumped by 17 percent to 7.25… Continue reading UPDATE 2-TomTom plans fleet-management sale to focus on maps battle with Google
Ford, Lyft, and Uber to Share Data to Improve Urban Mobility
The partnership gives mayors unparalleled access to road traffic data, allowing them to make better planning and investment decisions as shared and autonomous mobility arrive in their cities. Photo courtesy of Ford. Ford Motor Company, Uber, and Lyft have announced a commitment to SharedStreets, a new data platform designed to make it easier for the private sector to work with cities around… Continue reading Ford, Lyft, and Uber to Share Data to Improve Urban Mobility
Uber to pay $148 million to settle data breach cover-up with U.S. states
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $148 million for failing to disclose a massive data breach in 2016, marking a costly resolution to one of the biggest embarrassments and legal tangles the ride-hailing company has suffered. The Uber application is seen on a mobile phone in London, Britain, September 14, 2018.… Continue reading Uber to pay $148 million to settle data breach cover-up with U.S. states
Uber commits $10 million to sustainable transportation
Uber is putting $10 million behind sustainable transportation over the next three years. As part of the fund, Uber is donating $250,000 to SharedStreets, a nonprofit organization focused on creating a shared standard for public streets and data sharing. Lyft, also in the name of environmental impact, invested millions of dollars in carbon offsets earlier… Continue reading Uber commits $10 million to sustainable transportation
Uber makes $10M bet on bikes and transit
Ride-hailing giant Uber, which helped jumpstart the ongoing revolution in mobile technology and urban transit by popularizing a new way to move about cities, has decided cars aren’t always the best way to get around. In a blog post, Uber CEO Dara Khosrowshahi announced a three-tiered plan to support sustainable mobility by reducing congestion, supporting… Continue reading Uber makes $10M bet on bikes and transit
Ride-hailing startup Shohoz raises $15M to build the Grab of Bangladesh
Uber may be global but it is very much the alternative in some parts of the world. One such place is Bangladesh — the South Asian country that’s home to 160 million people — where local rival Pathao is backed by Go-Jek and recently raised $10 million. Now Pathao’s closest rival, Shohoz, has also pulled in… Continue reading Ride-hailing startup Shohoz raises $15M to build the Grab of Bangladesh
Lyft hits a major milestone: 1 billion trips
Earlier this month, Lyft crossed a major milestone when it completed its 1 billionth trip. It took the company six years to reach that goal, which is around the same amount of time it took Uber to reach a billion rides. But unlike Uber, Lyft only operates in cities in the US and Canada, so… Continue reading Lyft hits a major milestone: 1 billion trips
Inboard’s new e-scooter packs swappable batteries
Inboard Technology Having raised $8 million and conquered Shark Tank, electric skateboard-maker Inboard Technology is now taking aim at Uber, Bird, and Lime with its first e-scooter, dubbed the “Glider”. Touted as the “only scooter with a swappable battery,” pre-orders for the $1,299 two-wheeler begin this fall ahead of its February 2019 release date. Aside… Continue reading Inboard’s new e-scooter packs swappable batteries