Nigeria’s Gokada raises $5.3M round for its motorcycle ride-hail biz

In many large cities across Africa, motorcycle taxies are as common as yellow-cabs in New York. That includes Lagos, Nigeria, where ride-hail startup Gokada has raised a $5.3 million Series A round to grow its two-wheel transit business. Gokada has trained and on-boarded over 1000 motorcycles and their pilots on its app that connects commuters… Continue reading Nigeria’s Gokada raises $5.3M round for its motorcycle ride-hail biz

Amazon’s Jeff Bezos Says He Is ‘Very Excited’ About The Auto Industry

Just don’t expect a Kindle FIre EV anytime soon. At a recent all-hands meeting, Amazon CEO Jeff Bezos shared his excitement about the coming changes to the auto industry. “It’s going to be something very interesting to watch and participate in, and I’m very excited about that whole industry.” Said Bezos in a recording shared with… Continue reading Amazon’s Jeff Bezos Says He Is ‘Very Excited’ About The Auto Industry

Automakers have a choice: Become data companies or become irrelevant

Jeff Peters Contributor Jeff Peters, PhD is a principal at Autotech Ventures, investing in transportation startups. He has published academic and media articles on transportation, optimization, autonomous driving and AI. More posts by this contributor Will self-driving cars kill parking? The AI in your non-autonomous car While Bezos amassed billions, Apple took over our culture,… Continue reading Automakers have a choice: Become data companies or become irrelevant

Uber brings electric bike service JUMP to London

FILE PHOTO: Uber “JUMP” bikes are shown along a sidewalk in downtown San Diego, California, U.S., April 23, 2019. REUTERS/Mike Blake/File Photo LONDON (Reuters) – Taxi app Uber will pilot its electric bicycle service JUMP in London from Friday as it makes 350 bikes available to rent in a part of Britain’s capital city, a… Continue reading Uber brings electric bike service JUMP to London

DoorDash, now valued at $12.6B, shoots for the moon

More than five years ago, Sequoia partner Alfred Lin called Tony Xu, the founder of a small on-demand delivery startup called DoorDash, to say he was passing on the company’s seed round. This was, of course, before venture capital funding in food delivery startups had taken off. DoorDash, launched out of Xu’s Stanford graduate school… Continue reading DoorDash, now valued at $12.6B, shoots for the moon

“I will not buy any shares from Uber”

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Reach Now acquires Validated, a Seattle startup providing transportation incentives

Validated CEO Tov Arneson pitches at Techstars Seattle Demo Day. (GeekWire Photo) Reach Now is bringing Seattle startup Validated under its roof as the joint mobility venture between BMW and Daimler continues to expand its offerings. Validated allows businesses and employers subsidize transportation costs for people traveling to their locations. To provide those incentives, Validated… Continue reading Reach Now acquires Validated, a Seattle startup providing transportation incentives

BMW CEO’s future in doubt as tensions erupt on tackling shift to EVs

BMW AG chief executive officer Harald Krueger’s job is hanging in the balance as the luxury carmaker steers towards a future of electric and autonomous vehicles and navigates weakening markets.BMW – like other carmakers – is making a costly transition to electric cars and new business models, and is confronting deep-pocketed tech competitors encroaching with new mobility options including ride hailing.Daimler, Toyota Motor Corp and Volvo Cars, meanwhile, have forged partnerships with Uber Technologies Inc, while Jaguar Land Rover is teaming up on self-driving electric cars with Alphabet Inc’s autonomous vehicle unit Waymo.

Uber to open third Latin America support center in Bogota

A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid BOGOTA (Reuters) – Ride-hailing app Uber will spend $40 million over five years to open its third support center in Latin America in… Continue reading Uber to open third Latin America support center in Bogota

UPDATE 1-Uber and Lyft to turn the wheels on car ownership -industry experts

TORONTO (Reuters) – Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi… Continue reading UPDATE 1-Uber and Lyft to turn the wheels on car ownership -industry experts