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The savage genius of SoftBank funding competitors

Venture capitalists aren’t supposed to make their portfolio companies battle to the death. There’s a long-standing but unofficial rule that investors shouldn’t fund multiple competitors in the same space. Conflicts of interest could arise, information about one startup’s strategy could be improperly shared with the other, and the companies could become suspicious of advice provided by their investors. That leads to problems down the line for VCs, as founders may avoid them if they fear the firm ...
Tags: Artificial Intelligence, Automotive, Collaborative Consumption, eCommerce, Food, Funding, Fundings & Exits, Logistics, M&A, Opinion, Startups, TC, Venture Capital, Didi Chuxing, Grab, Ola


Nigeria’s Gokada raises $5.3M round for its motorcycle ride-hail biz

In many large cities across Africa, motorcycle taxies are as common as yellow-cabs in New York. That includes Lagos, Nigeria, where ride-hail startup Gokada has raised a $5.3 million Series A round to grow its two-wheel transit business. Gokada has trained and on-boarded over 1000 motorcycles and their pilots on its app that connects commuters to moto-taxis and the company’s signature green, DOT approved helmets. The startup has completed nearly 1 million rides since it was co-founded in 2018 by...
Tags: Apps, TC, Adventure Capital, Africa, Allianz, Carsharing, Ceo, co CEO, Countries, Driver, East Africa, Entrepreneur, Fahim Saleh, Germany, Go-jek, Gojek


Automakers have a choice: Become data companies or become irrelevant

Jeff Peters Contributor Share on Twitter Jeff Peters, PhD is a principal at Autotech Ventures, investing in transportation startups. He has published academic and media articles on transportation, optimization, autonomous driving and AI. More posts by this contributor Will self-driving cars kill parking? The AI in your non-autonomous car While Bezos amassed billions, Apple took over our culture,...
Tags: Automotive, Column, Aurora, Automation, Big Data, Car Dealership, Commuting, Ford, General-Motors, Intel, Lyft, Mobileye, Samsung, Self-driving Cars, Technology, Toyota


Lyft’s new safety features include an in-app 911 panic button

In an effort to improve the safety of its ridesharing service, Lyft is rolling out several new safety measures that include an in-app panic button so riders can quickly and easily make an emergency call. The post Lyft’s new safety features include an in-app 911 panic button appeared first on Digital Trends.
Tags: Mobile, Lyft, Uber, News, Safety, Cars, Trends, Ridesharing, Ridesharing Safety


Many Uber and Lyft vehicles have open safety recalls, report says

A Consumer Reports survey of roughly 94,000 cars registered with Uber and Lyft in New York City and Seattle found that many had open safety recalls. The rate of open recalls was similar to that of personal cars, however. The post Many Uber and Lyft vehicles have open safety recalls, report says appeared first on Digital Trends.
Tags: Lyft, Uber, Business, News, New York City, Cars, Trends, Recalls, Seattle, Consumer Reports, Ridesharing


Consumer Reports: What Are Uber, Lyft Are Doing About Recalls?

As ride-hailing services utilize the personal vehicles of contractors, rather than a commercial fleet of their own, repairs and recalls have to be handled by individual drivers. While it shouldn’t be a revelation that some recalls fall through the cracks, Consumer Reports is concerned that the ratio of unaddressed safety issues are unbecoming of companies pushing multibillion-dollar […] The post Consumer Reports: What Are Uber, Lyft Are Doing About Recalls? appeared first on The Truth About Cars...
Tags: Lyft, Uber, Repairs, Safety, Recalls, Studies, Autos, Auto Recalls, Consumer Reports, Consumer Advocacy, Reports, News Blog, Ride-hailing, Automotive Safety, Studies & Reports, Ride Apps


The Exit: Getaround’s $300M roadtrip

In August of last year, Getaround scored $300 million from Softbank. Eight months later they handed that same amount to Drivy, a Parisian peer-to-peer car rental service that was Getaround’s ticket to tapping into European markets. Both companies shared similar visions for the future of car ownership, they were about the same size, both were flirting with expanding beyond their home market, but only one had the power of the Vision Fund behind it. The Exit is a new series at TechCrunch. It’s a...
Tags: Fundings & Exits, Startups, TC, Transportation, Uber, Europe, Youtube, Softbank, Tech, Automotive, Paris, Venture Capital, Sharing Economy, Airbnb, Getaround, Talent


The empirical impact of Lyft and Uber on cities: congestion (especially downtown, especially during "surges"), overworked drivers

Mike Moffitt sums up the empirical work on the impact of rideshare companies like Uber and Lyft for cities: an increase in congestion, especially downtown, especially during "surges" (Uber and Lyft insist that they reduce congestion, especially in downtowns, and especially during surges!); lower wages, longer hours and more precarious work for drivers (accompanied by the slow death of the taxi/limo businesses); huge losses for car-rental companies; and less walking, cycling and use of public tr...
Tags: Lyft, Uber, Post, Business, New York, News, San Francisco, Cities, Transit, Automotive, Manhattan, Rideshare, Surge Pricing, Urban Theory, Financial District, University of Chicago Booth School of Business


In-car commerce startup Cargo extends Uber partnership to Brazil

Cargo, the startup that brings the convenience store into ride-hailing vehicles, is making its first international expansion through an exclusive partnership with Uber in Brazil. Uber drivers in São Paulo and Rio de Janeiro will now be able to sign up for Cargo and potentially earn additional income by products to passengers during their ride. Cargo, which launched in 2017, provides qualified ridesharing drivers with free boxes filled with the kinds of goods you might find in a convenience...
Tags: Transportation, Uber, Tech, Automotive, Zynga, Twitch, Mark Pincus, Founders Fund, Cargo, David Stern, Coatue Management, Colin Carrier


Quiet please! Uber offers a silent mode so you don’t have to chat

Don't feel like chatting to your Uber driver but find it hard to say? That's no longer a problem for users of Uber's premium service as the app now lets you inform the driver ahead of arrival. The post Quiet please! Uber offers a silent mode so you don’t have to chat appeared first on Digital Trends.
Tags: Mobile, Uber, News, Cars, Trends, Uber app, Don, Uber Black


TC Sessions: Mobility announces its July 10 agenda

TechCrunch Sessions is heading to San Jose on July 10 and we’re thrilled to announce our jam-packed agenda, overflowing with some of the biggest names and most exciting startups in the transportation industry. With Early Bird ticket sales ending soon, you’ll want to be sure to grab your tickets after checking out this agenda. Throughout the day, you can expect to hear from and partake in discussions about the future of transportation, the promise and problems of autonomous vehicles, the pote...
Tags: Google, Food, Transportation, Uber, Tech, Ceo, Intel, AV, Nasa, Companies, Artificial Intelligence, Automotive, Ford, Electric Vehicles, Transport, Chrysler


EV startup Rimac scores $90M investment from Hyundai and Kia

Rimac Automobili, the European EV startup that landed an investment from Porsche last year, has again gained the backing of traditional automakers after Hyundai Motor Company and Kia Motors jointly invested €80 million, or around $90 million. Beyond the significant cash infusion, the three parties said the deal includes “a strategic partnership to collaborate on the development of high-performance electric vehicles.” In other words, Hyundai and Kia — both of which fall under the ownership of ...
Tags: Amazon, Fundings & Exits, Uber, Russia, Southeast Asia, India, Funding, Tech, Automotive, Porsche, Electric Vehicles, Transport, Croatia, Fuel Cell, Hyundai, Kia


Uber launches PIN feature to cut wait times at US airports, starting in Portland

Uber is piloting a new PIN feature at the Portland International Airport that will give riders a one-time six-digit numeric code in an effort to speed up pickup times and reduce traffic congestion. The PIN, or personal identification number, feature kicks off Monday at the Portland Airport, which can average around 400 Uber rides an hour at peak time. Uber initially developed the PIN-matching solution in 2016 to serve high-volume, high-density event venues — situations that require moving pot...
Tags: Transportation, Uber, Australia, India, US, Tech, Automotive, Portland, Seattle, Bangalore, Kentucky Derby, Portland International Airport, Portland Airport, India Portland, Sondra Batbold, Batbold


Uber launches PIN feature to cut wait times at U.S. airports, starting in Portland

Uber is piloting a new PIN feature at the Portland International Airport that will give riders a one-time 6-digit numeric code in an effort to speed up pickup times and reduce traffic congestion. The PIN, or personal identification number, feature kicks off Monday at the Portland Airport, which can average around 400 Uber rides an hour at peak time. Uber initially developed the PIN-matching solution in 2016 to serve high-volume, high-density event venues — situations that require moving poten...
Tags: Transportation, Uber, Australia, India, Tech, Automotive, Portland, Seattle, Bangalore, Kentucky Derby, Portland International Airport, Portland Airport, India Portland, Sondra Batbold, Batbold


Uber’s trading debut: who was (and wasn’t) at the opening bell

Uber finally made its debut Friday on the New York Stock Exchange, ending its decade-long journey from startup to publicly traded company. So far, it’s been a ho-hum beginning with shares opening at $42, down from the IPO price. The share price is hovering just under $44. Thirteen people, including executives, early employees, drivers and customers, were on the balcony for the historic bell ringing that opened the markets Friday. Noticeable absentees were co-founder Garrett Camp and former...
Tags: Transportation, Uber, Apps, New York, Australia, France, Los Angeles, Tech, Canada, Automotive, Travis Kalanick, New York Stock Exchange, Kalanick, Carsharing, Expedia, Vmware


Uber Lowballs IPO, Eager to Avoid Lyft’s Fate

Ride-hailing company Uber approached its Thursday initial public offering with an abundance of caution, setting a lower-than-expected share price in a bid to avoid rival Lyft’s stock plunge. When markets open Friday, Uber’s stock will be priced at $45, near the bottom of a previously stated range that topped out at $50. That puts Uber’s […] The post Uber Lowballs IPO, Eager to Avoid Lyft’s Fate appeared first on The Truth About Cars.
Tags: Uber, Ipo, Autos, Stocks, Stock Market, News Blog, Ride-hailing


Uber Completes $8.1B Public Market Debut in Spite of Tumultuous Past

Ride-hailing giant Uber secured $8.1 billion in new capital late Thursday as it priced an initial public offering that set its market capitalization at $82.4 billion, according to calculations by The New York Times and other news outlets.Uber announced late Thursday it will sell 180 million shares of common stock at $45 apiece when it completes the IPO. That price is near the lowest end of the range Uber set at $44 to $50 in the amended prospectus it filed on April 26.Uber (NYSE: UBER) will sta...
Tags: Google, Deals, Transportation, Mobile, Lyft, Uber, Hardware, Marketplace, Workplace, Internet, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech


The Uber, Lyft strike appears to be a flop, but it might have spooked investors

By all accounts, Wednesday's Uber, Lyft strike wasn't very successful, or well attended, with a handful of picketing drivers showing up in most cities. Where it may have had an effect though is on Wall Street as Uber heads for its IPO. The post The Uber, Lyft strike appears to be a flop, but it might have spooked investors appeared first on Digital Trends.
Tags: Mobile, Lyft, Uber, Business, News, Cars, Trends


Uber begins trialing e-bikes and bicycles rides in India

Uber has partnered with bicycle sharing platform Yulu in India as it looks to grab a piece of the growing e-bikes market that is increasingly posing a challenge to taxi services in the nation. The San Francisco-headquartered firm, which is expected to go public later this week, said it will provide its users in Bengaluru with Yulu’s e-bikes and bicycles as part of a pilot. The announcement, financial details of which were not disclosed, comes days after users in Bengaluru began to spot Yulu’s...
Tags: Travel, Startups, Transportation, Uber, Asia, Southeast Asia, India, Softbank, San Francisco, Automotive, Uber India, Flipkart, Hyderabad, Bengaluru, Amit Gupta, Inmobi


Uber Drivers Protest Ahead of Friday’s IPO

Uber and Lyft drivers from the world over are going on strike today to protest the company’s working conditions and pay. However, the careful timing of the event also appears to be aimed at torpedoing the brand’s fast-approaching IPO. While Uber exists as a corporate middle man between riders hunting for a vehicle and drivers […] The post Uber Drivers Protest Ahead of Friday’s IPO appeared first on The Truth About Cars.
Tags: Lyft, Uber, Protests, Autos, Strikes, Gig Economy, Ride-sharing, News Blog, Ride-hailing, Uber IPO, Ride Apps


Uber and Lyft drivers are striking all over the globe tomorrow. Here’s why

As Uber prepares for its IPO later this week, drivers are sending a clear message that they're unhappy by participating in a planned strike on Wednesday. As a result, there's a good chance that in some areas, using rideshare might be expensive if not very difficult. The post Uber and Lyft drivers are striking all over the globe tomorrow. Here’s why appeared first on Digital Trends.
Tags: Lyft, Uber, Cars, Trends


Uber and Lyft drivers are striking all over the globe today. Here’s why

As Uber prepares for its IPO later this week, drivers are sending a clear message that they're unhappy by participating in a planned strike on Wednesday. As a result, there's a good chance that in some areas, using rideshare might be expensive if not very difficult. The post Uber and Lyft drivers are striking all over the globe today. Here’s why appeared first on Digital Trends.
Tags: Lyft, Uber, Cars, Trends


Could Ride Sharing Electric Scooters be a Big Part of the Future?

In Some Parts of the World, It Makes Sense Ride-hailing companies like Uber are struggling to make a profit in certain parts of the world, like India. While the company would eventually like to have self-driving cars everywhere, it has to figure something out in the meantime. It seems that a solution could be electric scooters.  Cars are difficult in many areas due to the fact that you have to pay the driver. “You can’t make it affordable with a driver,” Vivekananda Hallekere, a co-founder and ...
Tags: Uber, India, Motorcycles, Ride Sharing, The New York Times, Electric Motorcycles, Bangalore, Motorcycle News


Elon Musk promises fleet of 1 million Tesla ‘robotaxis’ in 2020

Tesla held an investor event on April 22, during which CEO Elon Musk promised the company will soon roll out a robotaxi network to rival companies like Uber and Lyft.Some experts say Tesla is overselling its ability to provide truly autonomous vehicles.About 71 percent of Americans are still fearful of self-driving cars, up 8 percentage points from 2017. None At an investor event on April 22, Tesla CEO Elon Musk made a characteristically bold promise: By 2020, the company will have a fleet of 1 ...
Tags: Uber, Business, Elon Musk, Cars, Tesla, Cnn, Computers, Artificial Intelligence, Robots, Innovation, Ai, AAA, Carnegie Mellon University, Musk, Greg Brannon, Brannon


Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million

Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch of private individuals and family offices hailing from China, Germany, and Taiwan, is hoping to line up the new capital from some more recognizable names as it finalizes supply deals with vendors, according to a person with knowledge of the company’s plans. Canoo is locking in final contracts wit...
Tags: Startups, TC, Transportation, Electric Vehicle, Uber, China, Germany, Los Angeles, Tech, Taiwan, Car, Automotive, United States, Porsche, Transport, San Diego


Tesla plans to launch a robotaxi network in 2020

Tesla expects to launch the first robotaxis as part of broader vision for an autonomous ride-sharing network in 2020, CEO Elon Musk said during the company’s Autonomy Day. “I feel very confident predicting that there will be autonomous robotaxis from Tesla next year — not in all jurisdictions because we won’t have regulatory approval everywhere” Musk said without detailing what regulations he was referring to. He added that he is confident the company will have regulatory approval somewher...
Tags: TC, Transportation, Uber, Elon Musk, Cars, Tech, Tesla, Automotive, Transport, Airbnb, Federal Government, Self-driving Car, Tesla Model S, Musk, Tesla Model 3, Tesla Musk


Sony launches a taxi-hailing app to rival Uber in Tokyo

Sony last year announced it would enter Japan’s taxi-hailing space and, good to its word, the electronics giant has kicked off its S.Ride service in Tokyo. The service — which was first noted by CNET — is a joint venture between Sony, its payment services subsidiary and five licensed taxi companies. Since ride-hailing with civilian cars is illegal in Japan, the service will focus on connecting licensed taxis with passengers. The electronics giant previously played up its use of AI to match suppl...
Tags: Startups, Lyft, Uber, Asia, Japan, China, Softbank, Spokesperson, Artificial Intelligence, Automotive, Transport, Sony, Tokyo, Commuting, Toyota, Rakuten


Toyota leads $1 billion investment in Uber’s self-driving tech division

In a move that has been a long time coming, Uber filed its S-1 documents, which sets the stage for the company to finally go public with an initial public offering. The company could be valued at more than $100 billion. The post Toyota leads $1 billion investment in Uber’s self-driving tech division appeared first on Digital Trends.
Tags: Uber, Business, News, Ipo, Cars, Trends, Toyota, Initial Public Offering, Valuation


Uber’s self-driving car unit raises $1B from Toyota, Denso and Vision Fund ahead of spin-out

Uber’s has confirmed it will spin out its self-driving car business after the unit closed $1 billion in funding from Toyota, auto-parts maker Denso and SoftBank’s Vision Fund. The development has been speculated for some time — as far back as October — and it serves to both remove a deeply-unprofitable unit from the main Uber business: helping Uber scale back some of its losses, while giving Uber’s Advanced Technologies Group (known as Uber ATG) more freedom to focus on the tough challenge of br...
Tags: Uber, Japan, Ipo, Softbank, Tech, Automotive, Toyota, ATG, DENSO, Dara Khosrowshahi, SoftBank Vision Fund, Vision Fund, Uber s Advanced Technologies Group, Uber ATG, Shigeki Tomoyama, Toyota Group


Waymo launches robotaxi app on Google Play

Waymo is making its ride-hailing app more widely available by putting it on the Google Play store as the self-driving car company prepares to open up its service to more Phoenix residents. The company, which spun out to become a business under Alphabet, launched a limited commercial robotaxi service called Waymo One in the Phoenix area in December. The Waymo One self-driving car service, and accompanying app, was only available to Phoenix residents who were part of its early rider program,...
Tags: Google, Android, Transportation, Lyft, Uber, Tech, Automotive, Electric Vehicles, Transport, Self-driving Cars, Self-driving Car, Alphabet, Phoenix, Chrysler Pacifica, Chandler, Waymo



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