Cabify says it is the first mobility company in the sector that is financially sustainable. Photo via Cabify. Cabify, a Spanish mobility as a service (MaaS) copany, achieved for the first time, in the last quarter of 2019, an operating profit or EBITDA for $3 million dollars. Cabify’s consolidated net revenues in 2019 amounted to $104 million, up 11% from… Continue reading Cabify Beats Uber, Lyft to Profitable Sustainability
Tag: Mobility
Uber shuts its Los Angeles office and reportedly lays off about 80 people
Uber is closing its Los Angeles office, reportedly laying off about 80 staff members. According to the Los Angeles Times, the staff were informed, without warning, that their jobs would be shifted to Manila in the Philippines. The ride-hailing giant has reportedly culled more than 1,000 workers since going public last May. Earlier this month,… Continue reading Uber shuts its Los Angeles office and reportedly lays off about 80 people
Daimler AG proposes Timotheus Höttges for election to the Supervisory Board
STUTTGART, Germany, Feb. 19, 2020 /PRNewswire/ — Daimler AG proposes Timotheus Höttges for election to the company’s Supervisory Board. On the basis of a recommendation by the Nomination Committee, the Supervisory Board of Daimler AG has decided to propose to the Annual General Meeting that Timotheus Höttges be elected to the Supervisory Board as a member… Continue reading Daimler AG proposes Timotheus Höttges for election to the Supervisory Board
@Tata-JLR: Why we invested in Digital Motors, the automotive e-commerce platform
Digital Motors today announced their latest funding round, led by Autotech Ventures with participation from InMotion Ventures, OpenRoad Auto Group, Maryann Keller and Ryan Kerrigan. The press release can be found here. Sebastian Peck, Managing Director of InMotion Ventures, explores why we invested in Digital Motors. In 2019, global retail e-commerce exceeded 3.52 trillion US… Continue reading @Tata-JLR: Why we invested in Digital Motors, the automotive e-commerce platform
@Renault: GENEVA INTERNATIONAL MOTORSHOW 2020 – GROUPE RENAULT: THE ELECTRIC OFFENSIVE
Meet us on 3rd & 4th March 2020 to discover the latest news from Renault, Alpine and Dacia Boulogne-Billancourt, February 18, 2020 – As a pioneer and leader in electric vehicles in Europe, Renault will present its electric concept car MORPHOZ illustrating its vision of future mobility. New Twingo Z.E. and New Mégane Estate… Continue reading @Renault: GENEVA INTERNATIONAL MOTORSHOW 2020 – GROUPE RENAULT: THE ELECTRIC OFFENSIVE
@Tata-JLR: DIGITAL MOTORS PARTNERS WITH AUTOTECH VENTURES AND INMOTION VENTURES TO ACCELERATE ONLINE RETAIL INNOVATION
About Autotech Ventures Autotech Ventures is a Silicon Valley venture capital firm with over $270 million under management focused on startups in the $3 trillion ground transportation industry. Autotech Ventures provides startups with capital, ground transportation market intelligence, and access to its transportation focused network which includes executive talent as well as 25+ corporate investors… Continue reading @Tata-JLR: DIGITAL MOTORS PARTNERS WITH AUTOTECH VENTURES AND INMOTION VENTURES TO ACCELERATE ONLINE RETAIL INNOVATION
CEO of SoftBank-backed SoCar acquitted over ride-hailing app Tada
Korea-based SoCar were faced with allegations that its ride-hailing service Tada breaks local transportation laws. Go to Source
@BMW: BMW at the 90th Geneva International Motor Show 2020.
Munich. With a comprehensive expansion of its range of plug-in hybrid models, premium automobile manufacturer BMW continues to consistently pursue its electrification offensive. At the 2020 Geneva International Motor Show, BMW presents four new plug-in hybrid models for the premium mid-range. The additional model variants of the BMW 3 Series will offer highly efficient driving… Continue reading @BMW: BMW at the 90th Geneva International Motor Show 2020.
@BMW: BMW drives electrification initiative forward: BMW 3 Series model range expands to include four plug-in hybrid models.
Munich. BMW is increasing the significance and appeal of plug-in hybrid drives in the premium mid-range segment with a comprehensive model offensive. In the BMW 3 Series, the range of vehicles with electrified drive will be expanded over the coming months from the one model as it currently stands to a total of four models.… Continue reading @BMW: BMW drives electrification initiative forward: BMW 3 Series model range expands to include four plug-in hybrid models.
A self-driving start-up pulls in rare revenues by keeping its ambitions low – Los Angeles Times
May Mobility Inc.’s boxy white-and-green self-driving shuttle pulls up to a damp corner in downtown Detroit. Its big doors swing out, revealing a safety driver and six seats that face each other. It’s more comfortable than a subway car or most buses, but not by much. The shuttle slips down a bus lane and stops… Continue reading A self-driving start-up pulls in rare revenues by keeping its ambitions low – Los Angeles Times