Lyft hits a major milestone: 1 billion trips

Earlier this month, Lyft crossed a major milestone when it completed its 1 billionth trip. It took the company six years to reach that goal, which is around the same amount of time it took Uber to reach a billion rides. But unlike Uber, Lyft only operates in cities in the US and Canada, so… Continue reading Lyft hits a major milestone: 1 billion trips

Inboard’s new e-scooter packs swappable batteries

Inboard Technology Having raised $8 million and conquered Shark Tank, electric skateboard-maker Inboard Technology is now taking aim at Uber, Bird, and Lime with its first e-scooter, dubbed the “Glider”. Touted as the “only scooter with a swappable battery,” pre-orders for the $1,299 two-wheeler begin this fall ahead of its February 2019 release date. Aside… Continue reading Inboard’s new e-scooter packs swappable batteries

HyreCar Launches Vehicle Tracking, Inventory Management Solution

PassTime has set up a special-order portal for DriveItAway/HyreCar dealers to procure vehicle telematics units, and will be integrating all of the PassTime telematics services within its dealer focused vehicle administration platform for easy vehicle specific applications. Screenshot via HyreCar.  Through its alliance with DriveItAway and its dealer focused shared mobility mission, HyreCar is forming… Continue reading HyreCar Launches Vehicle Tracking, Inventory Management Solution

Uber Is in Early Talks to Buy Europe’s Deliveroo

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot”… Continue reading Uber Is in Early Talks to Buy Europe’s Deliveroo

Lime hits 11.5 million bike and scooter rides

Bike and scooter company Lime recently hit 11.5 million rides, a couple of months after it surpassed six million rides. This milestone comes just 14 months after Lime deployed its first bikes. Today, Lime is in more than 100 markets throughout the U.S. and Europe. Last December, Lime brought its bikes to a number of European… Continue reading Lime hits 11.5 million bike and scooter rides

UPDATE 2-Uber in talks to buy Dubai ride-hailing rival Careem -Bbg

(Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] is in talks to buy Dubai-based rival Careem Networks FZ for about $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter. Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay No final decisions have been… Continue reading UPDATE 2-Uber in talks to buy Dubai ride-hailing rival Careem -Bbg

Uber Is Said in Talks to Acquire Dubai Ride Hailing Firm Careem

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot”… Continue reading Uber Is Said in Talks to Acquire Dubai Ride Hailing Firm Careem

UPDATE 1-Go-Jek aims to raise $2 bln for Southeast Asia expansion -sources

SINGAPORE/JAKARTA (Reuters) – Indonesian ride-hailing firm Go-Jek is seeking to raise about $2 billion from existing investors, including Tencent Holdings Ltd and JD.com, to fund its expansion plans in Southeast Asia, sources familiar with the matter said on Monday. A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. REUTERS/Beawiharta… Continue reading UPDATE 1-Go-Jek aims to raise $2 bln for Southeast Asia expansion -sources

Uber Plans New Engineering Lab in Toronto

The Toronto location will be the ride-hailing firm’s eight engineering hub outside of the U.S. Photo via Prayitno/Flickr.  Uber announced it is expanding its presence in Canada with a new engineering office to be opened in Toronto early next year, CNN reports. The Toronto location will be the ride-hailing firm’s eight engineering hub outside of… Continue reading Uber Plans New Engineering Lab in Toronto