Miami-based micromobility startup Bolt, co-founded by Olympic gold medalist Usain Bolt, is expanding to 48 new markets after acquiring the assets of Last Mile Holdings, which included the mobility-as-a-service (MaaS) platform Gotcha. “This was a perfect fit,” Bolt CEO Ignacio Tzoumas said in a press...
Uber trips will jump 24 percent in cost starting in the new year in Seattle, with the rideshare company raising prices to accommodate a new law requiring drivers be paid the city’s minimum wage, GeekWire reported. In September, the Seattle City Council unanimously voted to...
Uber has engaged in “advanced talks” about selling its air taxi business Uber Elevate to Joby Aviation, a report from Axios says. The report cites multiple unnamed sources, and says a deal could be announced “later this month.” Joby Aviation is based in Santa Cruz,...
The U.S. government is enlisting Uber and Lyft to help provide transportation services for public agencies and employees, Reuters reports. The deal is worth up to $810 million and will be able to assist over 4 million employees of the government nationwide. In the past,...
Having survived the worst of COVID-19’s economic upheaval so far, top U.S. ridesharing companies Uber and Lyft have shifted from survival mode to being competitive rivals once again. Both are rolling out new initiatives aimed at swiping customers from each other. The two San Francisco-based...
Uber has rolled out a new service, Uber Reserve, aimed at helping riders better control their trips by allowing them to book a vehicle up to 30 days in advance. The ridesharing giant said it is offering the service to help riders feel more safe...
Silicon Valley rideshare giants Uber and Lyft must abide by a California Court of Appeals’ decision that they can no longer classify their drivers as independent contractors, pending a ballot measure giving voters a say on election day (Nov. 3). In a unanimous decision, the...
Rideshare platform Lyft is teaming up with Venmo to give riders the option to pay for their trip or split the cost with others, Lyft said in a statement on Thursday (Oct. 22). The new feature just started rolling out and will eventually be available...
The deal for Uber’s €1 billion-plus offer to buy Daimler/BMW’s Free Now is up in the air due to BMW’s hesitation, according to a Wednesday (Oct. 21) report in the German monthly business magazine Manager Magazin, per Reuters. Daimler is reportedly ready to sign, but...
