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Review: Handsome and nippy, new VanMoof e-bikes could be the shape of cities to come

I have to admit, I was an e-bike virgin. Sure, I’d tried out Uber’s Jump bikes and similar e-bikes, but these are more like normal bikes “with a little extra help.” So when I was offered the chance to try out the new VanMoof S3, an e-bike that has literally been built from the ground up, I was excited at how different the experience might be. Perhaps more significantly, I had a particular task in mind for it. In the current COVID-19 pandemic much has been made of cities being transformed into...
Tags: Europe, Reviews, TC, Transportation, Berlin, Bicycles, Bluetooth, Brussels, Cowboy, Cycling, E-bike, E-bikes, Electric Bicycle, Flash, London, Mountain Biking


Uber grocery delivery launches in Latin America and Canada, US to follow later this month

A day after acquiring Postmates for $2.65 billion, Uber has officially launched grocery delivery in select Latin American and Canadian cities. The initiative is the product of the also recently announced acquisition of Cornershop (still pending regulatory approval), back in late-2019. The Santiago, Chile-based startup brought grocery delivery to the Latin American market, before moving North to Toronto. Today’s launch covers 19 cities in  Brazil, Canada, Chile, Colombia and Peru, and is set ...
Tags: Uber, Apps, Tech, Peru, Dallas, Miami, Latin America, SANTIAGO Chile, Canada US, Cornershop, Toronto Today, Brazil Canada Chile Colombia


Daily Crunch: Uber confirms Postmates acquisition

You may have noticed that The Daily Crunch is publishing about six hours later than usual. Do not be alarmed! We decided that sending the newsletter later in the day was a better fit for the TechCrunch news cycle — hopefully, there will be fewer days when we hit Publish and then groan when we see a giant story break five minutes later. We’re also taking the opportunity to rethink the newsletter format. The mission hasn’t changed — the goal is to deliver the day’s big tech headlines in an email t...
Tags: Fundings & Exits, Facebook, Uber, Twitter, Hong Kong, Southeast Asia, India, US, Tech, Intel, PPP, Postmates, Silver Lake, Sequoia, Alex Wilhelm, Index


Uber Agrees To Buy Food-Delivery Service Postmates for $2.65 Billion in Stock

Uber has bought food-delivery service Postmates for $2.65 billion in stock, the companies announced Monday. From a report: The deal brings together the fourth-largest U.S. food delivery service with Uber Eats, which trails only DoorDash in market share, according to Second Measure and Edison Trends. The companies said Uber intends to keep the Postmates app running separately, "supported by a more efficient, combined merchant and delivery network." Uber previously was in the running to buy rival ...
Tags: Uber, Tech, Cnbc


Why investors are cheering the Uber-Postmates deal

This morning as the markets rally, shares of Lyft are up 3% while Uber shares are up 6%. Why is Uber so far ahead of Lyft, its domestic ride-hailing rival that is suffering from the same economic impacts? It appears that investors are heartened that Uber has closed its Postmates acquisition after both firms danced around each other for some time, leading to all sorts of leaks that wound up being not coming true. The Exchange is a daily look at startups and the private markets for Extra Cr...
Tags: Food, Fundings & Exits, Startups, TC, Transportation, Lyft, Uber, Tech, Companies, Transport, Postmates, TechCrunch, Doordash, Market Analysis, Extra Crunch


Equity Monday: Uber-Postmates is announced, three funding rounds, and narrative construction

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our week-starting primer in which we go over the latest news, dig into the week ahead, talk about some neat funding rounds, and dive into the latest big news from the startup world. (You can follow the show on Twitter here, and myself here, if you are so inclined! Don’t forget to check out last Friday’s episode as well. All the cool kids are d...
Tags: Apple, Fundings & Exits, Startups, Uber, Hong Kong, US, Tech, Equity, Postmates, Don, India China, GrubHub, Equity Monday, COVID


Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal

Competition continues to heat up in the food delivery wars. In the latest development, Uber today announced that it has acquired Postmates in a $2.65 billion, all-stock deal. It plans to run the business alongside its own food delivery business, Uber Eats and keep the Postmates app up and running, it said. The deal confirms reports that emerged last week, and got re-reported last night with more financial detail, that Postmates and Uber were in negotiations. That deal itself sprung up in the wak...
Tags: TC, Uber, Europe, Tech, Bastian Lehmann, GrubHub, Dara Khosrowshahi, DoorDash GrubHub, Postmates Co


Uber reportedly agrees to acquire Postmates for $2.65 billion

Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning. Like other travel- and transportation-related businesses, Uber’s ride-hailing segment has been negatively impacted by the COVID-19 pandemic, due to shelter-in-place orders throughout the United States. On-demand delivery, however, has grown, with people relying on services like Uber Eats to get food without leaving their homes. According...
Tags: Fundings & Exits, Startups, TC, Uber, Indonesia, Tech, Bloomberg, United States, Food Delivery, Postmates, On-demand Delivery, Uber Eats, Acquisitions, Southeast Asian, GrubHub, Postmates Bloomberg


The Station: The startups edition

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. For all the U.S. readers here, I hope you are enjoying the holiday weekend. I am mixing up the format this week becau...
Tags: TC, Lyft, Uber, Europe, UK, London, California, China, Ipo, Berlin, Tech, Tesla, UPS, Palo Alto, Automotive, United States


Lime puts Jump bikes back on London streets

Jump bikes are returning to London — this time through its new owner Lime . London is the first city in Europe to see Jump bikes return since Uber offloaded the company to Lime in a complex deal that unfolded in May. Lime led by Uber, along with other existing investors Alphabet, Bain Capital Ventures and GV. As part of the deal, Lime acquired Jump, the electric bike and scooter division that Uber acquired in 2018 for around $200 million. When the deal closed with Lime, thousands of Jump ...
Tags: TC, Transportation, Uber, Europe, UK, London, Berlin, Tech, United States, Scooters, Camden, Jump, Lime, Rotterdam, Allianz, London Paris Rome


Ride-hailing giant Ola adds tipping option to its app

You can now tip your Ola driver. The Indian ride-hailing giant said on Tuesday that it has rolled out this feature to its users in India, Australia, New Zealand, and the United Kingdom — all the nations where it currently operates. Ola said riders in each market will see a range of denominations they can pick as the amount they wish to tip digitally. It plans to allow riders to pay a custom amount of their choice in a few weeks, a spokesperson told TechCrunch. All of Ola’s 2.5 million driver ...
Tags: Transportation, Uber, Apps, Asia, India, Tech, United Kingdom, New Delhi, Ola, Anand Subramanian, India Australia New Zealand, India Days, COVID


Uber's New Strategy: Buy Unprofitable Companies, ???, Profit

Uber's new strategy is just like its old one. Make its money-losing business bigger by buying other money-losing businesses like Postmates. From a report: After Uber's merger talks with food-delivery company Grubhub fell apart, Uber has now set its sights on Postmates, according to the New York Times. Uber Eats, the ride-hailing company's food-delivery unit, is just as unprofitable as the rest of Uber's business operations, but that hasn't stopped the company from reportedly offering $2.6 billio...
Tags: Lyft, Uber, California, Tech, GrubHub, New York Times Uber, Postmates Uber, In March Rideshare Drivers United


As Uber hunts for a deal, can Postmates leverage an IPO?

It’s been a busy last 24 hours or so for on-demand delivery company Postmates. According to reporting, the company is reviving its IPO plans, possibly selling to Uber, or perhaps looking to go public with the help of a special purpose acquisition vehicle, also known as a SPAC. For Postmates, a company caught somewhere between DoorDash’s cash-fueled rise and Uber’s ability to lose hundreds of millions on its Uber Eats delivery service every quarter, multiples options are likely welcome. Postma...
Tags: Food, Startups, TC, Transportation, Ecommerce, Uber, Ipo, Tech, Postmates, SPAC, Vroom, Market Analysis, The Exchange, Extra Crunch, Coronavirus, COVID-19


Indian ride-hailing giant Ola adds tipping option to its app globally

You can now tip your Ola driver. The Indian ride-hailing giant said on Tuesday that it has rolled out this feature to its users in India, Australia, New Zealand, and the United Kingdom — all the nations where it currently operates. Ola said riders in each market will see a range of denominations they can pick as the amount they wish to tip digitally. It plans to allow riders to pay a custom amount of their choice in a few weeks, a spokesperson told TechCrunch. All of Ola’s 2.5 million driver ...
Tags: Transportation, Uber, Apps, Asia, India, Tech, United Kingdom, New Delhi, Ola, Anand Subramanian, India Australia New Zealand, India Days, COVID


After losing Grubhub, Uber reportedly hails Postmates

Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago, the ride-hailing company was reportedly pursuing an acquisition of Grubhub,  another food delivery company. Grubhub was ultimately acquired by Just Eat Takeaway in a $7.3 billion ...
Tags: Fundings & Exits, Startups, TC, Uber, Tech, Deal, The New York Times, Food Delivery, Times, Postmates, Uber Eats, Doordash, GrubHub, JustEat, DoorDash Postmates, GrubHub Uber


Are Uber Drivers Employees? Uber Faces Two Big Court Challenges

Strider- (Slashdot reader #39,683) shares a story from Reuters: Canada's Supreme Court on Friday ruled in favor of a driver in a gig economy case that paves the way for a class action suit calling for Uber Technologies Inc to recognize drivers in Canada as company employees. UberEats driver David Heller had filed a class action suit, challenged by Uber, aiming to secure a minimum wage, vacation pay and other benefits like overtime pay. Drivers are now classified as independent contractors and d...
Tags: Lyft, Uber, California, Tech, Cnn, Canada, Netherlands, Reuters, Uber Technologies Inc, Xavier Becerra, Canada s Supreme Court, Becerra, David Heller, Strider Slashdot


The Station: Amazoox, TuSimple seeks $250M and the next e-scooter battleground

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and first-time readers. Welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. Remember please reach out and email me at [email protected] to share thoughts, ...
Tags: Apple, Amazon, Transportation, Lyft, Uber, Elon Musk, UK, California, Oregon, Saudi Arabia, China, New York City, Tech, Information, Tesla, Ars Technica


Amazon to acquire autonomous driving startup Zoox

Amazon has announced that it will acquire Zoox, a self-driving startup founded in 2014, which has raised nearly $1 billion in funding and which aims to develop autonomous driving technology, including vehicles, for the purposes of providing a full-stack solution for ride-hailing. Zoox will continue to exist as a standalone business according to Amazon’s announcement, with current CEO Aicha Evans continuing in her role, as well as CTO and co-founder Jesse Levinson. Their overall company mis...
Tags: Google, Amazon, Startups, TC, Transportation, Lyft, Uber, Intel, Artificial Intelligence, Evans, Self-driving, Cto, Alphabet, Autonomous Driving, Aurora, Aicha Evans


Waymo, Volvo partner to develop electric robotaxis

Waymo’s self-driving software footprint is expanding — this time in a partnership with Volvo Car Group. The two companies announced Thursday an “exclusive” partnership to integrate Waymo’s self-driving software into a new electric vehicle designed for ride-hailing. Volvo and Waymo provided few details on the partnership and what this might actually look like except that the companies “will first work together to integrate the Waymo Driver into an all-new mobility-focused electric vehicle plat...
Tags: TC, Transportation, Uber, Japan, France, Tech, Automotive, Electric Vehicles, Fca, Jaguar, Jaguar Land Rover, Autonomous Vehicles, Nissan, Volvo, Renault, Fiat Chrysler


Masayoshi Son resigns from board of Alibaba; defends SoftBank Group’s investment strategy

SoftBank Group founder Masayoshi Son said on Thursday he is leaving the board of Jack Ma’s Chinese e-commerce giant Alibaba Group today, a month after Ma left the board of Son’s technology group. Son said he sees the move as “graduating” from Alibaba Group’s board, his most successful investment to date, as he swiftly moved to defend the Japanese group’s investment strategy, which has been the subject of scrutiny and public mockery in recent quarters. Son said his conglomerate’s hold...
Tags: Uber, Asia, Japan, Softbank, Tech, Sprint, Alibaba, Venture Capital, WeWork, Alibaba Group, Son, Jack Ma, T Mobile, Ma, Masayoshi Son, Oyo


Affirming the position of tech advocates, Supreme Court overturns Trump’s termination of DACA

The U.S. Supreme Court ruled today that President Donald Trump’s administration unlawfully ended the federal policy providing temporary legal status for immigrants who came to the country as children. The decision, issued Thursday, called the termination of the Obama-era policy known as the Deferred Action for Childhood Arrivals “arbitrary and capricious.” As a result of its ruling, nearly 640,000 people living in the United States are now temporarily protected from deportation. While a blow to ...
Tags: Apple, Google, Amazon, TC, Facebook, Lyft, Uber, Mark Zuckerberg, Twitter, Supreme Court, Microsoft, Etsy, Obama, Congress, Ebay, White House


DoorDash confirms $400M raise, IPO timing unclear

DoorDash has confirmed that it is raising “approximately $400 million” in a Series H round of funding. Earlier today, Axios reported that the company was looking for a roughly $400 million round at a post-money valuation of $16 billion. DoorDash clarified in a statement provided to TechCrunch that the valuation is slightly under the $16 billion mark. The round was expected, though the final valuation of the deal came in $1 billion higher than earlier reports had indicated. DoorDash, the popul...
Tags: Fundings & Exits, Startups, Uber, Tech, Fidelity, Doordash, Vroom, T Rowe Price Associates, 400 Million, Durable Capital Partners


After IPO delays, DoorDash confirms $400M raise

DoorDash has confirmed that it is raising “approximately $400 million” in a Series H round of funding. Earlier today, Axios reported that the company was looking for roughly $400 million round at a post-money valuation of $16 billion. DoorDash clarified in a statement provided to TechCrunch that the valuation is slightly under the $16 billion mark. The round was expected, though the final valuation of the deal came in $1 billion higher than earlier reports had indicated. DoorDash, the popular...
Tags: Fundings & Exits, Startups, Uber, Tech, Fidelity, Doordash, Vroom, T Rowe Price Associates, 400 Million, Durable Capital Partners


Software shares set new records as tech rallies

In another up for technology shares, software companies saw their values reach new heights today. The days trading comes after a selloff last week eased some of technology companies’ rebounds from their COVID-19 lows; stocks in tech companies have more than made up for their early-year declines in mid-2020, with the Nasdaq reaching 10,000 points before giving up some ground. Today the Nasdaq Composite index rose 0.15% to 9,910.53 points, just a few bips short of its all-time highs. A thematic te...
Tags: Apple, Startups, Lyft, Uber, Microsoft, Tech, Tesla, Automotive, SaaS, Earnings, Stocks, San Francisco Bay, Financial Times, Bessemer, Marin County, GAAP


Uber pushes into on-demand public transit with its first SaaS partnership

Uber will manage an on-demand service for Marin County in the San Francisco Bay area with a Software as a Service product as part of the ride-hailing company’s broader strategy to push into public transit. Marin Transit will pay Uber a subscription fee to use its management software to facilitate requesting, matching and tracking of its high-occupancy vehicle fleet, starting with a service that operates along the Highway 101 corridor. Marin Transit trips will show up in the Uber app and let u...
Tags: Transportation, Uber, California, Tech, Food Delivery, Las Vegas, Denver, San Francisco Bay, Ride Hailing, Marin, Novato, Mill Valley, Marin County, Marin Transit, Dara Khosrowshahi, Masabi


Lime closes acquisition of Jump assets in Europe as Jump bikes and scooters disappear

If you’ve tried to rent a Jump bike or scooter in London, Paris, Brussels or Rome over the past few days, you may have noticed that they’ve suddenly vanished, as Fluctuo reported on its Twitter account. The reason is that Lime has closed the acquisition of Uber’s micromobility subsidiary Jump in Europe today, a few weeks after the transaction closed in the U.S. Jump bikes and scooters are now sitting in warehouses, waiting for Lime to do something with them. Some of them should be redeployed ...
Tags: Uber, Europe, Berlin, Tech, Barcelona, Rome, Automotive, Jump, Lime, London Paris Rome, Dara Khosrowshahi, U S Uber, London Paris Brussels, Lime Uber, U S Jump, Rotterdam If Lime


Airbnb, Lyft and Uber: when to call a it a comeback

As Uber and Lyft reached their public-market nadir in mid-March, you would have been forgiven for thinking they were heading under. If the markets are somewhat efficient, why else would America’s top two ride-hailing companies shed two-thirds and three-quarters of their value, respectively, in just over a month? As we know now, both companies quickly recovered and have since regained much of their former value. The two public firms have guided for a sharply unprofitable Q2 2020, but investors...
Tags: Startups, TC, Transportation, Lyft, Uber, America, Tech, Airbnb, Seattle, Market Analysis, The Exchange, Airbnb Lyft, Extra Crunch, Coronavirus, COVID-19


Uber appoints Pradeep Parameswaran as new head of its Asia Pacific business

Uber has appointed Pradeep Parameswaran, who oversaw the ride-hailing giant’s business in India and South Asia for two years, as the regional general manager of its Asia Pacific region operations. Parameswaran, who starts his new role next week, will be tasked to improve Uber’s presence in the nine nations in the Asia Pacific region where the company currently operates. “There is huge potential to serve more Uber customers and continue innovating across the diverse region, whether that be tax...
Tags: Transportation, Uber, Asia, South Korea, Hong Kong, Europe, Japan, Australia, China, Southeast Asia, India, Tech, Asia Pacific, Zomato, South Asia, Jain


Uber and Lyft drivers are now employees under California law, according to a new ruling from regulators (UBER, LYFT)

California's Public Utilities Commission said in an order Tuesday that Uber and Lyft drivers are "presumed to be employees" under AB-5, the state's new gig work law. The agency, which oversees ride-hailing companies, said they must now comply with existing regulations related to employees. The ruling is a significant defeat for Uber and Lyft, which had argued publicly and in lawsuits that their drivers were properly classified as independent contractors. Uber, Lyft, and other similar services ...
Tags: Apple, Lyft, Uber, California, Trends, Commission, San Diego, Cpuc, Los Angeles San Francisco, AB, California Public Utilities Commission, TNC, Public Utilities Commission, Uber Lyft, Uber and Lyft, Rideshare Drivers United


Daily Crunch: Uber might lose out on acquiring Grubhub

Uber stocks tumble after reports that it will lose out on acquiring Grubhub, Reddit appoints a new board member and Republican senators question the legal protections of large social media platforms. Here’s your Daily Crunch for June 10, 2020. 1. Reports this morning indicate that Uber, the American ride-hailing giant with a global footprint, will lose out on its attempt to buy Grubhub, an American food ordering and delivery service. Instead, Grubhub might be acquired by European-rival...
Tags: TC, Uber, Fcc, Tech, Ford, Arizona, Reddit, Ibm, Alexis Ohanian, Las Vegas, Lightspeed, Trump, GrubHub, Ajit Pai, Michael Seibel, Seibel



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