Egyptian Court Lifts Ride-Hailing Ban

The lower court’s March ruling suspended ride-hailing service in the country after taxi drivers filed an unfair competition complaint. Photo via Depositphotos.  Egypt’s top court ruled in favor of ride-hailing services Saturday, lifting a ban imposed by a lower court, according to Middle East Online. The lower court’s March ruling suspended ride-hailing service in the… Continue reading Egyptian Court Lifts Ride-Hailing Ban

Introducing an Open Standard for Autonomous Vehicle Visualizations

Introducing an Open Standard for Autonomous Vehicle Visualizations UberATGBlockedUnblockFollowFollowing Feb 22 By: Xiaoji Chen, Joseph Lisee, Tim Wojtaszek, and Abhishek Gupta Understanding what autonomous vehicles perceive as they navigate urban environments is essential to developing safe and reliable autonomous systems. Just as we have standards for street signs and traffic infrastructure to help human drivers,… Continue reading Introducing an Open Standard for Autonomous Vehicle Visualizations

Joint mobility company “Share Now”: “Growth is imperative” – ​​Daimler’s alliance with BMW

AFP Together against Uber, Google and Co: BMW boss Harald Krüger and Daimler CEO Dieter Zetsche (r.) In Berlin In the hip Berlin location, there are modern wire furniture, concrete walls and sushi burritos. The automobiles of Daimler and BMW, Dieter Zetsche and Harald Krüger, despite their start-up flair, prefer to wear traditional-blue suits. In… Continue reading Joint mobility company “Share Now”: “Growth is imperative” – ​​Daimler’s alliance with BMW

BMW and Daimler put one billion into mobility services

Always rivals, BMW and Daimler seal their alliance in transport on demand and car-sharing. The two German manufacturers officially launched Friday in Berlin a joint venture which brings together their mobility services in order to compete with groups like Didi Lyft or Uber. “We were always talking more and finding out that we could combine… Continue reading BMW and Daimler put one billion into mobility services

BMW and Daimler invest €1bn in tech venture

BMW and Daimler have unveiled a joint venture to invest in new-generation services such as driverless vehicles, ride-hailing and parking services. The German firms are investing €1bn (£880m) in the project, which will also look into pay-per-use car schemes. The move comes as traditional manufacturers face competition from mobility services provided by Uber and other… Continue reading BMW and Daimler invest €1bn in tech venture

UPDATE 1-Daimler, BMW to invest 1 bln euros in venture to rival Uber

Harald Kruger, CEO and Chairman of the Board of Management of BMW AG and Dieter Zetsche, CEO of Daimler AG, shake hands at a news conference to present plans for combining the companies’ car-sharing businesses, in Berlin, Germany, February 22, 2019. REUTERS/Axel Schmidt BERLIN (Reuters) – German carmakers Daimler and BMW unveiled a joint ride-hailing,… Continue reading UPDATE 1-Daimler, BMW to invest 1 bln euros in venture to rival Uber

Lime hires its first CFO

Lime is hiring Ted Tobiason, former managing director in tech equity capital markets, at Morgan Stanley, to serve as its chief financial officer. This comes following Lime’s behemoth of a $310 million Series D round earlier this month. Led by Bain Capital Ventures, Andreessen Horowitz, Fidelity Ventures, GV and IVP, the round values Lime at $2.4 billion. Lime, which… Continue reading Lime hires its first CFO

On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn

Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber… Continue reading On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn

Texas Startup Offering City-To-City Shuttle Service In Teslas

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Cars Published on February 18th, 2019 | by Kyle Field
Texas Startup Offering City-To-City Shuttle Service In TeslasTwitterLinkedInFacebookFebruary 18th, 2019 by Kyle Field

A new startup is building an army of Teslas in Texas to establish a city-to-city shuttle service. ElecTrip is the name of this new luxury city-to-city shuttle service.
The business is unique in that it does not plan to own all of the Teslas it needs, but has purchased two vehicles to anchor its operations. In order to grow its capacity beyond those two vehicles, the company is reaching out to private owners and asking to rent their vehicles from them for the day as needed. In exchange, owners will get $100 to $175 per day, depending on the number of miles put on their vehicle while it was out.
On the customer front, ElecTrip is offering passengers a dedicated Tesla shuttle that will take them from within 50 miles of their starting city to another city within a 4-hour drive without needing a charge. The hope is that passengers will be willing to pay more than they would for a comparable Uber or Lyft for a premium, dedicated experience.
ElecTrip is aiming at what it sees as a sweet spot in pricing between ride-sharing services and airline travel. Hopping on a plane could be faster, but with the additional security and hassle, taking a door to door shuttle could be a more appealing offering, especially if the service can hit a lower price point. Airline travel also comes with a massive emissions footprint that electric transportation is able to improve upon.

The price for the service ranges from $200 for the 1 hour and 20 minute run from Austin to San Antonio all the way up to $430 for the 3½ hour slog from Houston to Dallas. Don’t think that $430 puts them out of the running, as the service can accommodate up to 5 people, which has the potential to make riding in a Tesla the lower cost option in many cases.
ElecTrip was founded by two University of Texas at Austin grads who were attracted to the idea of electric vehicles and started looking for a way to capitalize on the lower maintenance costs of the vehicles. The business is still just getting off its feet, but one year into the adventure, the founders are excited by the rapid month-over-month growth they continue to see.
Related:
New Tesla Shuttle Website For USA
Boston ↔ NYC In A Tesla
Tesla Shuttle Flies Into Florida

About the AuthorKyle Field I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. TSLA investor.

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Flipkart co-founder Sachin Bansal invests $92M in Ola

The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested 650 crore INR (around $92 million) into the Indian ride-hailing business. The deal rumored in January when Paper.vc, an intelligence service that sifts through company… Continue reading Flipkart co-founder Sachin Bansal invests $92M in Ola