You’ll have to say goodbye to Via’s personal on-demand rides. Bloomberg reports Via is shutting down its ride-hailing operations, currently in New York and Washington, DC, after December 20th. After that, the company will shift its attention to mass transit systems like buses, shuttles and vans. You might still use Via to arrange pickups (including… Continue reading Via’s personal ride-hailing will shut down next week
Tag: Lyft
Ford to launch free food delivery program in southwest Detroit using autonomous shuttle
In a move aimed both at fulfilling a community need and advancing vehicle technologies considered a key part of its future, Ford Motor Co. is launching a fresh food delivery pilot in southwest Detroit using an autonomous vehicle shuttle. The Dearborn automaker, with its philanthropic arm the Ford Motor Co. Fund, on Tuesday announced a six-month initiative kicking off after the… Continue reading Ford to launch free food delivery program in southwest Detroit using autonomous shuttle
Worldwide Bike Sharing Market 2020-2027: Rise in Bike Vandalism and Theft Expected to Hinder Growth
DUBLIN, Dec. 13, 2021 /PRNewswire/ — The “Bike Sharing Market by Bike Type, and Sharing System: Global Opportunity Analysis and Industry Forecast, 2020-2027” report has been added to ResearchAndMarkets.com’s offering. Factors such as a rise in venture capital investments and an increase in the inclusion of e-bikes in the sharing fleet are anticipated to drive… Continue reading Worldwide Bike Sharing Market 2020-2027: Rise in Bike Vandalism and Theft Expected to Hinder Growth
Holoride debuts Ride crypto, the currency of its in-car metaverse
Holoride, the Audi-backed startup that’s creating an in-vehicle virtual reality entertainment system designed for passengers, has begun publicly selling its Ride cryptocurrency token. The launch of the crypto is the latest move by Holoride to build up its extended reality (XR) ecosystem of games and experiences created by a community of developers. Vehicle passengers keen… Continue reading Holoride debuts Ride crypto, the currency of its in-car metaverse
The Next Frontier for Car Rental Companies is Sharing Cars
The car rental industry has proven to be resilient throughout the past few years, weathering global lockdowns, supply chain issues, and changing consumer demands. This is a mature industry that continues to survive recessions and adapt to a changing mobility landscape. Despite the challenges that came with the pandemic, there have been some notable wins… Continue reading The Next Frontier for Car Rental Companies is Sharing Cars
Voyager Global Mobility Acquires Fast Track Mobility
Both VGM and Fast Track provide vehicles to Uber and Lyft drivers. Voyager Global Mobility announced its acquisition of Fast Track Mobility on Nov. 8, increasing the company’s for-hire-vehicle operational footprint in New York City. The transaction was arranged by EA Markets with preferred equity from Prudential Private Capital, the private capital arm of PGIM Inc.,… Continue reading Voyager Global Mobility Acquires Fast Track Mobility
Motional and Lyft to launch driverless commercial robotaxi service in Las Vegas in 2023
Lyft and Motional, the Aptiv-Hyundai joint venture aimed at commercializing autonomous driving technology, have announced plans to launch their first fully driverless ride-hail service in Las Vegas in 2023. The news follows multiple years of collaboration, both between the two companies and within the City of Sin. By the second half of next year, Motional… Continue reading Motional and Lyft to launch driverless commercial robotaxi service in Las Vegas in 2023
Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently… Continue reading Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Lyft reports adjusted profitability again as revenue per rider rises
Lyft reported Tuesday its second consecutive quarter of adjusted profitability as riders returned to the U.S. ride-hailing company’s service. The ride-hailing service, which competes with Uber in the ride-hailing business, reported revenues of $864.4 million in the third quarter, a 73% pop from the $499.7 million in the same year-ago period. Analysts expected revenue of… Continue reading Lyft reports adjusted profitability again as revenue per rider rises
Technology · November 4, 2021 · 11:02 PM UTCUber makes first operating profit as driver shortage easesUber Technologies Inc on Thursday reported its f…
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Nov 4 (Reuters) – Uber Technologies Inc (UBER.N) on Thursday reported its first profitable quarter on an adjusted basis since it launched more… Continue reading Technology · November 4, 2021 · 11:02 PM UTCUber makes first operating profit as driver shortage easesUber Technologies Inc on Thursday reported its f…