Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month. The company — which bought Uber’s China business in 2016 — said it will begin serving customers in Melbourne from June 25 following a month-long trial period in Geelong, a neighboring city that’s 75km… Continue reading China’s Didi Chuxing continues its international expansion with Australia launch
Tag: Uber
Elon Musk’s Boring Company Wins Chicago High-Speed Transit Contract
Illustration: Boring Company Advertisement Editor’s Picks On Thursday, the Chicago Infrastructure Trust, on behalf of the City of Chicago, announced that it was awarding Elon Musk’s Boring Company a contract to build a rapid-transit link between O’Hare Airport and downtown. The trip currently takes about 40 minutes on public transportation; the Boring Company aims to… Continue reading Elon Musk’s Boring Company Wins Chicago High-Speed Transit Contract
Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
Why Self-Driving Car Companies Are Eyeing This Remote Driving Startup
Six months ago, remote driving startup Phantom Auto was just a fleck in a crowded sea of companies vying for visibility—and customers—in the nascent autonomous vehicle industry. Today, it’s on the verge of landing deals with automakers, tech companies, and ride-hailing services all racing to deploy autonomous vehicles for public use. Phantom Auto, fresh from… Continue reading Why Self-Driving Car Companies Are Eyeing This Remote Driving Startup
Scooter startup Bird is reportedly about to hit a $2B valuation
More financing is coming in for Bird, this time potentially valuing the company at $2 billion, according to a new report by Axios. There’s not a ton to add here compared to the last round (which happened just weeks ago), as the same dynamics are probably in play here. While Uber was a bet on… Continue reading Scooter startup Bird is reportedly about to hit a $2B valuation
Uber is looking to buy the bike-share company behind Citi Bike and Ford GoBike
Uber is reportedly looking into buying Motivate, the company that makes Ford GoBike’s in the San Francisco Bay Area and Citi Bike over on the East Coast. This comes following reports of Lyft getting close to purchasing Motivate in a $250 million deal. Uber bought bike-share startup JUMP, a dockless, electric bike-share service, earlier this… Continue reading Uber is looking to buy the bike-share company behind Citi Bike and Ford GoBike
Dara Khosrowshahi now relies on bicycles: Uber boss explains why his company has failed in Germany
All articles and backgrounds 06/06/2018 Dara Khosrowshahi now relies on bicycles Uber boss explains why his company has failed in Germany REUTERS Uber boss Dara Khosrowshahi Uber makes it one size smaller in Germany in the future: The aggressive car broker wants to bring his freshly bought electric bikes soon in Berlin on the streets.… Continue reading Dara Khosrowshahi now relies on bicycles: Uber boss explains why his company has failed in Germany
Uber is set to join the San Francisco scooter craze
PhotoAlto/Frederic Cirou Uber reportedly wants a piece of the growing scooter-sharing biz in San Francisco: according to Axios, the ride-hailing giant has submitted an application for the city’s upcoming scooter-sharing program. San Francisco created the year-long program in an effort to regulate the new means of transportation, because its sudden popularity and the lack of… Continue reading Uber is set to join the San Francisco scooter craze
Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
LOS ANGELES, June 7, 2018 /PRNewswire/ — Today, HyreCar Inc. announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of shares of its common stock. HyreCar Inc. plans to offer 2,100,000 shares of its common stock at a… Continue reading Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
Alphabet’s Waymo hopes to bring robo-taxi service to Europe
TURIN, Italy (Reuters) – Alphabet Inc’s self-driving unit Waymo wants to bring its robo-taxi service to Europe after it launches in the United States later this year. FILE PHOTO: John Krafcik CEO of Waymo is pictured during the unveiling of a driverless car in New York City, the United States, March 27, 2018. REUTERS/Brendan McDermid/File… Continue reading Alphabet’s Waymo hopes to bring robo-taxi service to Europe