(Reuters) – Uber Technologies Inc [UBER.UL] said on Wednesday it is entering the trailer leasing business. FILE PHOTO: The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay/File Photo The business, called Powerloop, will be a part of Uber Freight, which connects truckers with shippers, the company said… Continue reading Uber enters trailer leasing business
Tag: Uber
Tata Motors mulls alliance with Ola, Uber with new shared mobility platform
October 17, 2018 Tata Motors Ltd has created a separate division to explore ways to tap its entire range of passenger and commercial vehicles for offering shared mobility solutions, said two people aware of the development. Named Mobility Innovations Hub, the new department is headed by Pankaj Jhunja, formerly with Tata Technologies, said the people… Continue reading Tata Motors mulls alliance with Ola, Uber with new shared mobility platform
Uber ‘could land $120bn price-tag’ in upcoming IPO
Uber could receive a valuation of as high as $120bn (£91bn) in its upcoming initial public offering, almost double the price-tag the ride-hailing company landed in August. The proposals from US banks suggested Uber seek a valuation much higher than the $76bn it was valued at in August during its most recent fundraising round. They are also said… Continue reading Uber ‘could land $120bn price-tag’ in upcoming IPO
Daimler, BMW offer concessions to ease EU concerns on car-sharing deal
BRUSSELS (Reuters) – German luxury carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE) have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission said on Tuesday. FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, France, October 3,… Continue reading Daimler, BMW offer concessions to ease EU concerns on car-sharing deal
Uber Wants To Deliver Groceries, But There Is A Much Bigger Opportunity
Uber has announced its intentions to expand into delivering groceries. Uber may choose to expand its already successful Uber Eats to be the service for grocery delivery or the company may choose to manage grocery delivery through another service. Photo: Getty Like Amazon, Uber is a company that thinks big. Uber and Amazon also share… Continue reading Uber Wants To Deliver Groceries, But There Is A Much Bigger Opportunity
Electric scooter startup Grin raises ~$45 million
Grin, an electric scooter startup backed by Y Combinator, has raised a $45.7 million Series A to operate shared, electric scooters in Latin America. Grin, which is based in Mexico City, had previously raised funding from Sinai Ventures, Liquid2 Ventures, 500 Startups, Monashees, Base10 Partners and others. Currently, Grin only operates in Mexico City but… Continue reading Electric scooter startup Grin raises ~$45 million
Judge rejects Lime request to block e-scooter rivals in San Francisco
AP Photo/Jeff Chiu Lime just lost a last-minute bid to delay the launch of San Francisco’s electric scooter pilot program. A judge has denied the company’s request for a temporary restraining order that would have blocked Skip and Scoot from launching their services in the city on October 15th. The company had wanted the San… Continue reading Judge rejects Lime request to block e-scooter rivals in San Francisco
Uber-funded research project pushes new ways to measure safety of driverless cars
October 11 at 12:01 AM A typical driving test considers basic skills: Can you parallel park? Do you merge safely? Do you know to yield to pedestrians? No such government exam is required for cars driven by a computer. The idea has been dismissed by federal officials who oppose regulation and industry leaders who say… Continue reading Uber-funded research project pushes new ways to measure safety of driverless cars
Why you have (probably) already bought your last car
I’m guessing you are scoffing in disbelief at the very suggestion of this article, but bear with me. A growing number of tech analysts are predicting that in less than 20 years we’ll all have stopped owning cars, and, what’s more, the internal combustion engine will have been consigned to the dustbin of history. Yes,… Continue reading Why you have (probably) already bought your last car
Daimler and Geely discuss ride sharing JV – report
Zhejiang Geely Holding – which owns Volvo Cars, is in talks with Daimler, in which billionaire owner billionaire Li Shufu took an almost 10% stake earlier this year, to set up ride-hailing and car-sharing services in China, sources told Bloomberg. A 50-50 venture that would take on market leader Didi Chuxing was under discussion, one source… Continue reading Daimler and Geely discuss ride sharing JV – report