Uber announced late last week that it landed a $1 billion investment from Toyota, DENSO and the SoftBank Vision Fund. On Twitter, Uber Chief Executive Dara Khosrowshahi announced the investment, saying the companies are jointly working toward “the future of mobility.” In a press relase,...
Waymo, which recently became a company under the umbrella of Alphabet, is expanding its ride-hailing app in Phoenix and making it available on the Google Play store, according to a report in TechCrunch. The company launched its robotaxi service Waymo One in the area in...
Uber notched a 35 percent year-over-year gain in customers in the last quarter of 2018, but growth slowed in its ride-hailing business; it came in at $2.3 billion in the fourth quarter, flat when compared to the third quarter of 2018. That’s according to Uber, which...
Chinese ridesharing company Didi Chuxing is diversifying its business amid massive regulatory changes in China that make it harder for riders to work for the company, according to TechCrunch. The company is launching an online financial system targeted toward car leasing and fleet management outfits....
Uber has introduced “Uber Vouchers,” a new product that helps businesses offer discounted or free rides for customers, according to reports. The product, announced on Tuesday (April 9), is aimed at growing the ridesharing company’s involvement in the B2B market, and it comes just as...
Snapp, the Uber of Iran, has hit a milestone by hitting two million fares a day in the country, according to a report by Bloomberg. More and more young people in Iran are embracing technology, while foreign investors from the West are shut out of...
Ride-hailing company Uber is expanding its Ride Pass program, a subscription service that lets riders pay a monthly fee for discounted rides on all Uber platforms, including electric bikes, scooters, UberX, Uber Pool and Express Pool, according to reports. When the program was first introduced...
Ride-hailing company Lyft will offer a slew of perks to its drivers in an effort to encourage them to be more loyal and stop switching to other platforms, according to reports. Lyft, which is expected to soon be a publicly traded company, said it will...
IPOs loom – among them, of course, the long-awaited debuts of Lyft and Uber. The two ride-hailing giants have raised billions of dollars, sparking valuations in the tens of billions (and, in Uber’s case, the valuation stands at about $120 billion, according to recent reports). Beneath...
