ShipBob, a Chicago, IL-based technology company that streamlines fulfillment by bringing next-day and two-day shipping options to ecommerce businesses, raised $40m in Series C funding. The round was led by Menlo Ventures with participation from existing investors Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels and Y Combinator. In conjunction with the funding,… Continue reading ShipBob Raises $40M in Series C Funding
Tag: Uber
Uber CEO: ride hailing will be eclipsed by scooters, bikes and even flying taxis
A decade from now, ride-hailing will be less than 50 percent of Uber’s business, in terms of transactions, CEO Dara Khosrowshahi said Thursday at TechCrunch Disrupt SF. The onstage prediction is in line with recent moves by Uber and its CEO to be part of, and make money from, all the different ways people might move… Continue reading Uber CEO: ride hailing will be eclipsed by scooters, bikes and even flying taxis
Uber makes it easier to switch between rides, scooters, bikes and car rentals
You may remember how Uber laid out its ambitions to become a multi-modal transportation company back in April with the announcement of Uber Rent, preceded by a $200 million acquisition of bike-share startup JUMP. Now, Uber is making it easier to access those modalities with the addition of Mode Switch, Uber CEO Dara Khosrowshahi announced… Continue reading Uber makes it easier to switch between rides, scooters, bikes and car rentals
Waymo Shifts To ‘Industrializing’ Self-Driving Tech As Robotaxi Launch Nears
Dmitri Dolgov, Waymo’s CTO and vice president of engineering, says after nearly a decade of R&D work and rigorous testing the company is ready to begin its robotaxi service in Phoenix.Waymo It’s nearly showtime for Waymo CTO Dmitri Dolgov. Almost a decade since he and a dozen other engineers went to work on Google’s Self-Driving… Continue reading Waymo Shifts To ‘Industrializing’ Self-Driving Tech As Robotaxi Launch Nears
Uber launches taxi-hailing app in Japan’s Nagoya
TOKYO, Sept 6 (Reuters) – Uber Technologies on Thursday said it would launch a taxi-hailing app for taxis operating in Nagoya, as the U.S. firm tries to expand its foothold in a country where it has been blocked from offering its own ridesharing service. The U.S. firm said it was working with Fuji Taxi Group,… Continue reading Uber launches taxi-hailing app in Japan’s Nagoya
Taxify is entering the e-scooter game
Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday. The company has rolled the scooter sharing service into its mobile app, which has attracted 10 million users in 25 countries since it launched in August 2013. A spokesperson for… Continue reading Taxify is entering the e-scooter game
Uber CEO: No plans to sell self-driving car unit ‘for now’
Uber has no plans to sell its self-driving car research unit “at this time,” according to the company’s chief executive. Dara Khosrowshahi said that the ride-hailing giant will “absolutely” keep the research unit, known as the Advanced Technologies Group, including when the company files its initial public offering, which Khosrowshahi said is on track for 2019.… Continue reading Uber CEO: No plans to sell self-driving car unit ‘for now’
UPDATE 1-Uber ‘on track’ for IPO in 2019, no plans to sell tech unit -CEO
NEW YORK (Reuters) – Uber Technologies Inc Chief Executive Dara Khosrowshahi said on Wednesday the ride-hailing company was on track to launch an initial public offering next year and had no plans to sell its self-driving car research arm. The Chief Executive Officer (CEO) of ride-sharing app Uber Dara Khosrowshahi pictured on stage during an… Continue reading UPDATE 1-Uber ‘on track’ for IPO in 2019, no plans to sell tech unit -CEO
UPDATE 1-Volvo reveals new robo-taxi in race to autonomy
GOTHENBURG (Reuters) – Volvo Cars presented a fully electric robo-taxi on Wednesday, as the Geely-owned Swedish company races to meet an ambitious target for driverless vehicle sales with its Uber supply deal on hold. Volvo’s 360c autonomous concept car is seen in Gothenburg, Sweden September 5, 2018. TT News Agency/Bjorn Larsson Rosvall via REUTERS Besides… Continue reading UPDATE 1-Volvo reveals new robo-taxi in race to autonomy
Toyota is investing $500 million in Uber at a valuation reported at $72 billion
Toyota reportedly set to invest $500 million in Uber at a valuation of $72 billion
5:23 PM ET Mon, 27 Aug 2018 | 00:51
Toyota is investing $500 million investment in ride-hailing giant Uber in a bid to accelerate autonomous ride-sharing, the companies announced on Monday afternoon.
The investment values Uber, one of the world's most valuable privately held companies, at $72 billion, according to a report in the Wall Street Journal. That's a significant jump from Uber's most recently stated valuation of $62 billion, based on a self-reported tender offer at the end of the first quarter. The company lost $659 million last quarter, marking a wider loss than its first-quarter figure, according to its own report.
Under the deal, the companies will incorporate self-driving technology into vehicles based on Toyota's Sienna minivans, and the companies plan to begin piloting the program in 2021, they said. Toyota has dubbed the platform “Autono-MaaS,” standing for “autonomous mobility as a service.”
In June, Toyota invested $1 billion in Southeast Asian Uber-rival Grab.