Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S., and riding some very bad news from its primary rival Uber. That’s helped it grow revenue to over $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced… Continue reading Lyft says its revenue is growing nearly 3x faster than Uber’s
Tag: Uber
Update: Bird has raised $100 million to become the Uber of electric scooters
Update: Bird confirmed our reporting with an announcement of the close of the round. Index Ventures and Valor Ventures led the funding. “It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the… Continue reading Update: Bird has raised $100 million to become the Uber of electric scooters
Bird is raising $100 million to become the Uber of electric scooters
“It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s… Continue reading Bird is raising $100 million to become the Uber of electric scooters
Waymo’s self-driving trucks to haul cargo for Google in Atlanta
March 9 (Reuters) – Waymo, the autonomous vehicle arm of Alphabet Inc, said on Friday it would launch a self-driving trucks pilot in Atlanta to carry cargo for Google’s data centers. The announcement comes two days after rival Uber Technologies said its self-driving trucks will haul cargo on Arizona highways. Waymo had been road testing… Continue reading Waymo’s self-driving trucks to haul cargo for Google in Atlanta
Daimler, Volvo Cars executives skeptical over Geely alliance plan
GENEVA (Reuters) – Executives at Daimler (DAIGn.DE) and Volvo Cars question the viability and industrial logic of a plan by their major shareholder, China’s Geely, to form an auto industry alliance to counter “tech invaders.” FILE PHOTO: The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG… Continue reading Daimler, Volvo Cars executives skeptical over Geely alliance plan
Uber’s self-driving trucks haul cargo on Arizona highways
(Reuters) – Uber’s [UBER.UL] self-driving trucks have been hauling cargo on Arizona highways, the U.S. ride-hailing firm said on Tuesday, laying out plans for autonomous vehicles to work with truck drivers to move freight around the country. The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White Uber’s trucks are… Continue reading Uber’s self-driving trucks haul cargo on Arizona highways
Uber self-driving trucks are now moving cargo for Uber Freight customers
Uber’s autonomous trucks are now doing actual work for customers via Uber Freight, Uber’s commercial cargo shipping on-demand app. The first runs are being done in Arizona, with regular hauls operating with both human drivers and autonomous trucks working in tandem. How it works is that Uber will load up the freight on a conventional,… Continue reading Uber self-driving trucks are now moving cargo for Uber Freight customers
Renault’s EZ-GO envisions walk-on, walk-off urban EV mobility
Renault’s EZ-GO is less concept car than a full transportation service concept design. The vehicle revealed at the Geneva Motor Show this week is a fully autonomous electric car that can’t travel fast, but that does fit as many as six passengers through a big, almost garage-like door that opens up to load people and… Continue reading Renault’s EZ-GO envisions walk-on, walk-off urban EV mobility
Renault’s EZ-GO electric car is ridesharing for the masses
Renault has managed to outdo the craziness of the Mercedes F 015 concept with its own driverless concept electric car, the EZ-GO. Unveiled at the Geneva Motor Show, it’s a Level 4 autonomous urban EV with a top speed of just 30MPH. Six passengers enter through the massive front door and can see everything (and… Continue reading Renault’s EZ-GO electric car is ridesharing for the masses
India: Temasek said to be in talks to invest in SoftBank-backed Ola
March 6, 2018 After speculations of Japanese investment giant SoftBank wanting to pump in more funds in Indian ride hailing major Ola, Singapore’s sovereign wealth fund Temasek is now reportedly in talks to invest in the Uber rival. According to a report in The Economic Times quoting sources, Temasek and other investors are looking to invest… Continue reading India: Temasek said to be in talks to invest in SoftBank-backed Ola