Uber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development, TechCrunch has learned and confirmed that Bolt, the Estonian ride-sharing, scooter and food delivery company that operates across Europe —… Continue reading Uber rival Bolt has closed another tranche of funding at a $1B+ valuation
Tag: Didi
Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise
(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo SoftBank has… Continue reading Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise
CHINA VOICES | Ofo’s final fight
Jul 5, 2019 4 min read An ofo bike lies on the street in Shanghai on April 4, 2019. (Image credit: TechNode/Shi Jiayi) A version of this first article appeared in our members-only newsletter on June 22, 2019. Become a member and read it first. Ofo flew too close to the sun. Their dockless bikeshare model… Continue reading CHINA VOICES | Ofo’s final fight
Ola gets a taxi license in London and plans to launch services in September
London is one of the world’s biggest markets for consumers that travel using ride-hailing services. Is it now also becoming one of the most crowded when it comes to the companies offering the transportation, too? Today, India’s Ola confirmed that it is the latest of the wave of app-based ride-hailing providers to receive a license… Continue reading Ola gets a taxi license in London and plans to launch services in September
Didi mulls return of carpooling service a year after two passenger deaths
Didi did not provide a timetable on Hitch’s return, but its planned public dialogs on safety improvements will soon be underway. Go to Source
China’s Didi removes 300,000 drivers amid safety overhaul
2018 was the year when Didi Chuxing, the ride-hailing company that defeated Uber in China, vowed to put safety ahead of rocket-ship growth after two deadly passenger incidents. One way it works to ramp up safety is a stricter vetting process for drivers. The mobility giant said Tuesday to a group of media that it… Continue reading China’s Didi removes 300,000 drivers amid safety overhaul
Ola Electric becomes India’s newest unicorn with new $250 million investment from SoftBank
India’s Ola is further widening its lead over Uber in the nation — and getting the help it needs from their mutual investor. Ola Electric has raised $250 million from SoftBank as India’s largest ride hailing firm pushes to scale its electric vehicles business in the country. The Series B financing round, details of which… Continue reading Ola Electric becomes India’s newest unicorn with new $250 million investment from SoftBank
Five Japanese automakers to invest 2% each in SoftBank-Toyota self-driving car venture
Five Japanese automakers including Suzuki Motor Corp and Mazda Motor Corp on Friday said they would each invest 2% in the on-demand, self-driving car service venture set up by SoftBank Corp and Toyota Motor Corp. Suzuki, Mazda, Subaru Corp, Isuzu Motors Ltd and Toyota‘s compact car unit Daihatsu will each invest 57.1 million yen ($530,620) in the venture – dubbed Monet – in return for a… Continue reading Five Japanese automakers to invest 2% each in SoftBank-Toyota self-driving car venture
Splyt wants to connect the world’s ride-hailing apps for easy international roaming
The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China, Southeast Asia and Russia coupled with the failure of its rivals to develop a proposed roaming system, means that global travelers must install multiple apps if they are to take advantage of on-demand taxis. That’s unless a little-known startup… Continue reading Splyt wants to connect the world’s ride-hailing apps for easy international roaming
China’s Didi Chuxing to expand partnership with automaker GAC Group
Chinese ride-hailing giant Didi Chuxing said on Wednesday it would expand its partnership with Guangzhou Automobile Group Co Ltd (GAC Group) to areas such as ride-hailing operations and autonomous driving. China’s largest ride-hailing firm and Guangzhou-based GAC Group will work on fleet expansion and management, development of new mobility products, and collaboration on smart driving,… Continue reading China’s Didi Chuxing to expand partnership with automaker GAC Group