Uber’s CEO is in Paris this week meeting with the French president to talk tech in Europe and expanding its insurance coverage in the region, but back in the US the company is moving ahead on another kind of expansion. TechCrunch has learned and confirmed that Uber is raising another secondary round of funding of up… Continue reading Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B
Tag: Uber
Superpedestrian Scoops Up $16.5M, Enters Bike-Sharing Frenzy
Bike sharing is the new ride hailing. Similar to what has played out with Uber, Lyft, Didi Chuxing, and other private car-hailing app companies, investors are pumping hundreds of millions of dollars into bike-sharing startups around the world racing to be the leading operator of fleets of bicycles that people can rent on demand. The… Continue reading Superpedestrian Scoops Up $16.5M, Enters Bike-Sharing Frenzy
Uber covers illness and parental leave for European drivers
Ginnette Riquelme / Reuters Uber and its drivers have been embroiled in a tug-of-war for years over stronger rights for the people ferrying passengers and food around for the company. Drivers want more protections and rights, while Uber has been reluctant to offer benefits. But Uber and Uber Eats contractors in Europe now have a… Continue reading Uber covers illness and parental leave for European drivers
This company wants to put “brains” in electric scooters and bikes to keep riders safer
Superpedestrian, a Cambridge, Ma.-based company, has been known until now for its electric Copenhagen wheel, which a user attaches to his or her bikes and operates through an app. It’s essentially a hub that houses a motor, a battery and sensors and is placed in the middle of the rear wheel, measuring how fast and how… Continue reading This company wants to put “brains” in electric scooters and bikes to keep riders safer
Lyft invests $100 million in its drivers
Lyft is committing $100 million to better support its drivers. The company is specifically putting this money toward cheaper oil changes, basic car maintenance, serviced car washes and more. Lyft will also almost double its operating hours at its driver hubs in 15 cities throughout the nation. The idea is to help drivers make more… Continue reading Lyft invests $100 million in its drivers
GM Gets Ready for a Post-Car Future
About a hundred years ago, the United States reached “peak horse.” In 1920 some 25 million horses roamed the plains, boulevards, cul-de-sacs, rodeos, stockyards, ports, farms, and dingy alleys of America—toting freight, plowing fields, fighting wars, carrying passengers on buggy rides, and making a complete mess. According to American Heritage magazine, in 1900 health officials… Continue reading GM Gets Ready for a Post-Car Future
Lyft may be getting into the electric scooter game
Mike Blake / Reuters Lyft seems to be eyeing a move into the electric scooter craze — the company is considering applying for a permit to run a service in San Francisco, The Information reported, and it’s in the early stages of working on prototypes. Some companies like Bird, Lime and Spin already have scooters… Continue reading Lyft may be getting into the electric scooter game
Chinese bike-sharing giant Mobike is making big plans for India
You’d be forgiven for thinking that Chinese bike-sharing startup Mobike, which was recently acquired in a $3 billion deal, was already present in India. The company went on an aggressive global expansion spree in 2017; India wasn’t on the radar then, but that’ll soon be rectified with a launch expected in early June. Mobike has bold… Continue reading Chinese bike-sharing giant Mobike is making big plans for India
Uber’s Flying Car Chief Jeff Holden Has Stepped Down
Uber has a lost a key player in its bid to bring flying cars to the world. The company’s chief product officer and head of its Elevate flying car division Jeff Holden has left the company, according to Recode. In a statement to the news outlet, Uber would only say that Holden is moving on… Continue reading Uber’s Flying Car Chief Jeff Holden Has Stepped Down
OLA, Uber drivers on hunger strike from today
Last month in April, the strike went on for nine days but ended when companies agreed to some of their demands and promised to reconsider others. JAIPUR: The app based taxi drivers of OLA and Uber companies are going on a hunger strike from Friday against the high rates of commission charged by their respective… Continue reading OLA, Uber drivers on hunger strike from today