Ride-hailing app Gett is considering a sale of Juno, the New York-based startup it bought last year for $200 million. According to Bloomberg, Juno represents the majority of the Israeli tech company’s U.S. operations. Sources say there is no guarantee Gett will sell Juno, and...
Three Chinese firms announced they have teamed up to launch a ridesharing platform. FAW Group, Dongfeng Automobile and Chongqing Changan Automobile signed a cooperation agreement in December to launch T3 Mobile Travel Services. “The three major car companies have joined forces to enter the field of...
Toyota has announced that it is offering a car share service for residents and visitors in Honolulu, Hawaii. The new mobility solution called Hui — a round-trip, station-based car share service — is operated by Servco Pacific (Servco), Toyota’s distributor in Hawaii. The service utilizes Toyota’s...
Uber Technologies, the ride-hailing company, is reportedly in early-stage talks with Careem Networks, the Middle East-based ride-hailing company, to combine operations or for Uber to buy the company outright. Bloomberg, citing three people familiar with the matter, reported that the aim is to put an end to a...
Grab and Uber’s merger is facing heat from the anti-trust body in Singapore, which wants to fine the companies and warned it could unwind the deal if it hurts competition. According to Reuters, while Uber sold its Southeast Asian operations to Grab in March and...
The ridesharing economy not only rewards gig workers and the companies that match them with riders. Auto repair shops and parts stores can also find ways to raise their profile and profit from the commerce trend. Take Arch Auto Parts, for example, which operates 12...
A new study commissioned by the New York City Taxi and Limousine Commission found that drivers for Uber and Lyft should get a raise. According to a report in Reuters, citing the study by James Parrott of The New School in New York City and...
It’s a common story in urban areas: Cabs do not properly serve low-income and minority areas, leaving residents to the uncertainties of public transit — assuming there is some — or to their own devices. But can Lyft, Uber and other ridesharing services remedy that? A new...
Lyft announced on Wednesday (June 27) that it raised $600 million in a new funding round, bringing its valuation to $15.1 billion. The round was led by Fidelity Management, with Senator Investment Group LP also participating. “Lyft’s strong momentum has continued in the first half...
