There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. The investment… Continue reading Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation
Tag: Uber
UPDATE 1-Daimler leads $175 mln investment in Uber’s EMEA rival Taxify
LONDON (Reuters) – Estonia’s Taxify is set to step up its fight against global rival Uber [UBER.UL] across Europe and Africa after raising $175 million in funding from a group led by German automaker Daimler (DAIGn.DE). FILE PHOTO: The Taxify logo is pictured on a taxi cab in Riga, Estonia January 15, 2015. REUTERS/Ints Kalnins/File… Continue reading UPDATE 1-Daimler leads $175 mln investment in Uber’s EMEA rival Taxify
Scooter sharing startup Bird said to be valued at $1b in Sequoia-led round
May 30, 2018 Bird, an electric scooter-sharing startup, is raising $150 million in a funding round led by Sequoia Capital that will value the company at $1 billion, people familiar with the matter said. This is the first batch of money in this new round, and the company plans to raise more, said one of… Continue reading Scooter sharing startup Bird said to be valued at $1b in Sequoia-led round
Uber Opens Paris Research Center to Develop Flying Cars
The company is aiming for test flights in 2020. YouTube / Uber Uber will open an “Advanced Technologies Center” in Paris that will, among other things, become a development hub for the ride-hailing company’s flying car project, known as Uber Elevate. Uber previously said it wanted to begin demonstration flights in three cities in 2020.… Continue reading Uber Opens Paris Research Center to Develop Flying Cars
The well-funded startups driven to own the autonomous vehicle stack
At some point in the future, while riding along in a car, a kid may ask their parent about a distant time in the past when people used steering wheels and pedals to control an automobile. Of course, the full realization of the “auto” part of the word — in the form of fully autonomous… Continue reading The well-funded startups driven to own the autonomous vehicle stack
Grab launches a food delivery service in Southeast Asia
Fresh from completing its acquisition of Uber’s Southeast Asia business, ride-hailing firm Grab has officially launched its food delivery business — GrabFood — today. The service is already available in beta in a handful of countries, including Thailand, but now it is available in Singapore (Grab HQ) with plans to reach Grab’s core six markets… Continue reading Grab launches a food delivery service in Southeast Asia
Lime, Bird and Spin have to temporarily remove scooters from SF
The San Francisco Municipal Transportation Agency has officially made available its permit application for electric scooters to operate in the city as part of a one-year pilot program. Part of that means companies like Bird, Lime and Spin will need to at least temporarily remove their scooters from city sidewalks while their applications are being… Continue reading Lime, Bird and Spin have to temporarily remove scooters from SF
UPDATE 3-Uber disabled emergency braking in self-driving car -U.S. agency
WASHINGTON (Reuters) – Uber [UBER.UL] had disabled an emergency braking system in a self-driving vehicle that struck and killed a woman in Arizona in March after failing to identify the pedestrian, the National Transportation Safety Board said in a preliminary report released on Thursday. FILE PHOTO: U.S. National Transportation Safety Board (NTSB) investigators examine a… Continue reading UPDATE 3-Uber disabled emergency braking in self-driving car -U.S. agency
Uber in fatal crash detected pedestrian but had emergency braking disabled
The initial report by the National Transportation Safety Board on the fatal self-driving Uber crash in March confirms that the car detected the pedestrian as early as 6 seconds before the crash, but did not slow or stop because its emergency braking systems were deliberately disabled. Uber told the NTSB that “emergency braking maneuvers are… Continue reading Uber in fatal crash detected pedestrian but had emergency braking disabled
Uber Announces Flying Taxi Research Center In France
Uber’s self-driving car program—from shuttering its Arizona outpost to making Pittsburg’s mayor angry—is not doing well this week. Their flying taxi initiative, however, is, dare we say, taking off. The company announced today in a press release that they’ll be opening an Uber Elevate research station in Paris. Its researchers will spend the next five years,… Continue reading Uber Announces Flying Taxi Research Center In France