By land, yes, and now by sea. Even amid turmoil at the top of its executive ranks and competitive pressures by the likes of Lyft, Uber is taking to other modes of transport. Beyond the open roads and now to the waves. Reuters reported that...
Many UberPOOL customers who use a commuter benefits card have reported much longer wait times to get a ride than those using just a regular credit card. According to news from TechCrunch, one customer found that the wait using his commuter benefits card to pay for UberPOOL was...
Carsharing app Uber, aiming to keep its drivers from jumping ship, has reportedly rolled out the ability for passengers to give drivers in the U.S. a tip by tapping in the company’s app. According to a report in The Washington Post, this is the first time...
After strong pressure from investors, Uber CEO and co-founder Travis Kalanick has officially resigned his position at the head of the company. The move follows a grueling six-month journey for Uber marked by scandal after scandal and high profile exits from the firm. Kalanick’s resignation reportedly...
Adding to Uber’s ever-expanding series of recent woes is a new need to look in its rearview mirror. Lyft, its long competitor in the ridesharing game, is coming up quick behind it. Often written off as an “also ran” in the race with Uber, Lyft has...
Taxify, the Estonia ridesharing startup, is aiming to take on Uber Technologies in the carsharing market by luring drivers with big profit-sharing incentives. According to a report in Reuters, Taxify, which is a lot smaller than Uber, thinks it can lure drivers to its platform by...
Grab, the ridesharing startup in Singapore similar to Uber in the U.S., may raise more than $1 billion investment from strategic investors in a venture capital funding round including Alibaba and SoftBank. According to a report in Bloomberg, people familiar with the matter said Alibaba head...
Careem, a transportation startup that is in 80 cities across the Middle East, has reportedly raised $150 million, closing a Series E venture capital funding round with $500 million raised. According to a report in TechCrunch, with the new funding round, Mudassir Sheikha, Careem cofounder and...
Lyft, the ridesharing app, recently raised $600 million in venture funding with participation from Jaguar Land Rover, via its mobility services unit InMotion. That news comes from TechCrunch, which reported InMotion invested $25 million in the funding round. In addition to investing, Jaguar Land Rover is giving Lyft drivers...
