Life without Uber should be simple for Grab, but a battle with regulators in Singapore could see the company’s acquisition of Uber’s Southeast Asia business unwound while some consumers have voiced concern around a lack of competition. Grab co-founder Hooi Ling Tan recently claimed competition remains in the market, but that hasn’t stopped another consumer backlash… Continue reading Southeast Asia’s Grab hit by backlash over changes to customer loyal program
Tag: Mobility
Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
July 24, 2018 Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential listing, people familiar with the matter said. Institutional investors have indicated the Swedish carmaker is worth about $12 billion to $18 billion in early meetings to discuss an initial public offering, the… Continue reading Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
Volta’s ad-supported electric vehicle charging service raises $35 million
As increasing numbers of electric vehicles are expected to hit the streets, thanks to new models from big automakers soon hitting the market, charging networks like Volta Charging are raising new cash to meet the expected demand. The company today said it raised $35 million from investors led by the Invenergy Future Fund, the technology investment arm… Continue reading Volta’s ad-supported electric vehicle charging service raises $35 million
Lime hits six million rides
Lime, the bike and scooter-share company that recently raised $335 million from GV, Uber and others, has hit six million rides since launching last June. Lime, which first launched in Greensboro, N.C., has since expanded to 70 cities. In comparison, Bird announced in April it hit 1 million rides since launching in November. Lime’s ridership in… Continue reading Lime hits six million rides
Groupe PSA and Inria create an OpenLab dedicated to artificial intelligence
Increasing efficiency and reliability of the results acquired by artificial intelligence methods for automotive applications use is one of the main research challenge of the OpenLab A dozen topics will be covered over a 4 years period Groupe PSA and Inria today announced the creation of an OpenLab dedicated to artificial intelligence. The studied areas… Continue reading Groupe PSA and Inria create an OpenLab dedicated to artificial intelligence
Groupe PSA finalizes the launch of FREE2MOVE Paris, a sustainable and high quality carsharing service for Parisians
Groupe PSA is finalizing the launch of a carsharing service providing mobility to Parisians. The objective is to launch this service operated under the Free2Move brand, by the last quarter of 2018. The fleet will initially include 500 Peugeot and Citroën electric vehicles. The challenge will be to offer the best customer experience thanks to… Continue reading Groupe PSA finalizes the launch of FREE2MOVE Paris, a sustainable and high quality carsharing service for Parisians
Repositioning: Hubject gives a new face to emobility
Berlin, 23 July 2018 – The global emobility specialist Hubject has redesigned its Hubject and intercharge brands as part of its internationalisation process. The new positioning shifts the focus to the company’s holistic approach and in-house expertise and is presented through new brand claims and a completely overhauled corporate design. Hubject works on the collaborative… Continue reading Repositioning: Hubject gives a new face to emobility
Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing
Photo: Getty As an Uber driver, you have to deal with low wages, an uncertain future, and the possibility of getting yelled at by the company’s billionaire founder. There’s also the more common issue of drunk people puking in your back seat. But a news report claims passengers in Miami are getting hit with fees… Continue reading Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing
The adorable Microlino car just got approved for European streets
The ultimate city car just got city approved. The ultra-compact Microlino car from Micro, the Swiss mobility company behind the ultra popular Micro Kickboard scooters—just passed its last round of safety tests, and is now approved for driving on European streets. At just under 8 feet long, the tiny automobile is smaller than a Smart… Continue reading The adorable Microlino car just got approved for European streets
Uber’s Indian rival Ola is aiming for an IPO in 3-4 years
Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru last week that seven-year-old Ola is poised to become a cash flow positive business — having recently hit operational… Continue reading Uber’s Indian rival Ola is aiming for an IPO in 3-4 years