Rideshare drivers for Uber, Lyft, and others have been devastated during the COVID-19 pandemic. The shutdown, along with stay-at-home orders issued across the country, has slowed the for-hire vehicle business to a halt. Legislation known as “the Right to Bargain” could finally get drivers the support they need. Aziz Bah is an Uber and Lyft driver in New… Continue reading I’m a New York City Uber driver. The pandemic shows that my industry needs fundamental change or drivers will never recover.
Tag: Lyft
GM says it can pay off $16 billion loan if U.S. recovery continues
(Reuters) – General Motors Co (GM.N) on Wednesday said if the U.S. economy continues to recover from the coronavirus pandemic and the auto industry does not experience any further production shutdowns, the No. 1 U.S. automaker should be able to generate enough cash to pay off a $16 billion loan by the end of the… Continue reading GM says it can pay off $16 billion loan if U.S. recovery continues
New York must pay Uber and Lyft drivers unemployment benefits after an ‘inexcusable delay,’ a federal judge ruled (UBER, LYFT)
A federal judge in New York ruled Tuesday that the state must quickly pay unemployment benefits to Uber and Lyft drivers, earlier reported by The New York Times. Drivers and an advocacy group sued the state, saying it was taking too long to pay drivers, and Tuesday’s ruling requires the state to clear its backlog… Continue reading New York must pay Uber and Lyft drivers unemployment benefits after an ‘inexcusable delay,’ a federal judge ruled (UBER, LYFT)
Six things venture capitalists are looking for in your pitch
Founders pitch venture capitalists at every available chance, which is why most of them quickly develop the skills required to identify whether someone is offering them an opportunity or wasting their time. At TechCrunch Early Stage, I chatted with NFX Managing Partner James Currier about how founders can find the right investors and what they… Continue reading Six things venture capitalists are looking for in your pitch
Lyft: Lyft To Announce Second Quarter 2020 Financial Results
SAN FRANCISCO, July 27, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its second fiscal quarter ended June 30, 2020 after the close of the market on Wednesday, August 12, 2020. On the same day, Lyft will host a conference call at 1:30… Continue reading Lyft: Lyft To Announce Second Quarter 2020 Financial Results
ALYI Confirms Electric Delivery Truck For Sub Saharan Africa
DALLAS, July 27, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today confirmed plans for producing and selling electric delivery trucks in Africa made of hemp and powered by hemp batteries. Further design details are expected to be revealed later this year. The company CEO Dr. Randell Torno, first announced the electric delivery vehicles last September in an… Continue reading ALYI Confirms Electric Delivery Truck For Sub Saharan Africa
@FaradayFuture: Automated Power Side Doors
Seamless Entry It has been said of art and vehicle design that only the arrangement is new. In other words, everything has been done before and it is only which elements we bring together and how we compose them that make a new design truly unique. This was our mindset when we designed the seamless entry… Continue reading @FaradayFuture: Automated Power Side Doors
Gett raises $100M more to double down on its B2B on-demand ride business
A number of ride-sharing companies are feeling the strain from reduced business, with many consumers still reluctant to travel, and especially to travel in surroundings that might increase the risk of spreading or catching the novel coronavirus. But today, one of the startups in the space is announcing a significant round of funding to continue growing… Continue reading Gett raises $100M more to double down on its B2B on-demand ride business
Self-driving industry takes to the highway after robotaxi failure
When Sebastian Thrun was starting Google’s self-driving car project in 2009, commercialising the technology was not on anyone’s mind. “We focused on the technology more than anything else, not the go-to-market plan,” he says. “That might sound bizarre, but we all knew that if we could solve this problem, then you could do what you… Continue reading Self-driving industry takes to the highway after robotaxi failure
This VC just raised $150 million to invest in ground transportation startups. He says there are better opportunities than trying to find the next Tesla. (AAPL, LYFT, TSLA)
Quin Garcia’s venture firm, Autotech Ventures, is on the lookout for new deals. Autotech focuses on startups that are involved in ground transportation in some way, but instead of looking for the next Tesla, it invests in those making software or services or that are developing marketplaces. It’s already had some notable successes — it… Continue reading This VC just raised $150 million to invest in ground transportation startups. He says there are better opportunities than trying to find the next Tesla. (AAPL, LYFT, TSLA)