Posts filtered by tags: Carsharing[x]


Uber’s first employee Ryan Graves resigns from board

Ryan Graves, a longtime Uber employee and former chief executive officer, has resigned from the company’s board of directors, effective Monday. The newly-public company announced the departure on Friday afternoon. Ron Sugar, the company’s independent chairperson of the board, wrote in the filing that Graves was key in shaping what Uber is today.   “As a thoughtful and engaged director, Ryan has continued to add value to Uber, offering insights and judgments that have helped us navigate th...
Tags: Transportation, Carsharing, Ceo, Chief Executive Officer, Commuting, Director, Garrett Camp, Ryan Graves, Transport, Travis Kalanick, Uber

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

A young entrepreneur is building the Amazon of Bangladesh

At just 26, Waiz Rahim is supposed to be involved in the family business, having returned home in 2016 with an engineering degree from the University of Southern California. Instead, the young entrepreneur is plotting to build the Amazon of Bangladesh. Deligram, Rahim’s vision of what e-commerce looks like in Bangladesh, a country of nearly 180 million, is making progress, having taken inspiration from a range of established tech giants worldwide, including Amazon, Alibaba and Go-Jek in Indon...
Tags: Google, Amazon, Startups, TC, Ecommerce, Uber, Asia, Microsoft, Electronics, Indonesia, California, China, Singapore, India, America, Tech

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

GM’s Maven Packs Up, Leaves Town(s)

Anyone following the saga of Uber and Lyft know that mobility services are not — not yet, anyway — a money tree that bears unlimited financial fruit. The same can be said of mobility services offered by automakers. General Motors’ car-sharing service, Maven, like those more well-known companies, is still a fledgling operation experiencing growing […] The post GM’s Maven Packs Up, Leaves Town(s) appeared first on The Truth About Cars.
Tags: Lyft, General Motors, Gm, Autos, Mobility, Carsharing, Ride-sharing, Maven, News Blog

China’s Luckin Coffee raises up to $651M in upsized US IPO

Another week, another cash-burning tech IPO in the U.S. , ambitious Chinese startup Luckin Coffee has raised up to $650.8 million on the Nasdaq after it priced its shares at $17. That price is at the top-end of Luckin’s previously announced $15-$17 range but the company has upsized its share offering to 33 million, that’s three million more than previously planned. That gives Luckin an initial net raise of $571.2 million, although that could increase to $650.8 million if underwriters take up th...
Tags: Uber, Asia, New York, Finance, China, US, Tech, United States, Starbucks, Carsharing, Initial Public Offering, Blackrock, Greenshoe, Luckin Coffee, Luckin, Extra Crunch

China’s Tesla wannabe Xpeng starts ride-hailing service

There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to hire an electric car. And EVs are designed with better compatibility with autonomous driving, which is expected to hit the public road in the coming decades. Indeed, Tesla is eyeing to launch its first robotaxis in 2020 as part of a broader ride-sharing scheme. Over in China where Tesla has a few disc...
Tags: Transportation, Asia, Hong Kong, Elon Musk, New York, China, Cars, Tech, Tesla, Beijing, Automotive, Alibaba, Transport, Electric Car, Carsharing, Foxconn

Slack aims to be the most important software company in the world, says CEO

Slack this morning disclosed estimated preliminary financial results for the first quarter of 2019 ahead of a direct listing planned for June 20. Citing an addition of paid customers, the workplace messaging service posted revenues of about $134 million, up 66% from $81 million in the first quarter of 2018. Losses from operations increased from $26 million in Q1 2018 to roughly $39 million this year. In addition to filing updated paperwork, the Slack executive team gathered on Monday to make a f...
Tags: Fundings & Exits, Lyft, Uber, Spotify, Enterprise, Pinterest, Softbank, Tech, Software, Transport, Silicon Valley, Google Ventures, Carsharing, Operating Systems, Stewart Butterfield, Slack

Equity Shot: Judging Uber’s less-than-grand opening day

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We are back, as promised. Kate Clark and Alex Wilhelm re-convened today to discuss the latest from the Uber IPO. Namely that it opened down, and then kept falling. A few questions spring to mind. Why did Uber lose ground? Was it the company’s fault? Was it simply the macro market? Was it something else altogether? What we do know is that Uber’s pricing what we...
Tags: Startups, TC, Lyft, Uber, China, Tech, United States, Transport, Venture Capital, Commuting, Carsharing, Postmates, TechCrunch, Initial Public Offering, Unicorn, Alex Wilhelm

Uber’s first day as a public company didn’t go so well

Ouch. Yikes. Oof. Sigh. Those are some of the friendlier phrases I imagine came out of the mouths of bankers, investors, executives and really anyone who has been paying close attention to Uber’s road to the stock markets today when the company debuted on the New York Stock Exchange below its initial public offering price. The ride-hailing business (NYSE: UBER), previously valued at $72 billion by venture capitalists, priced its stock at $45 apiece for a valuation of $82.4 billion on Thursday...
Tags: Travel, Fundings & Exits, Transportation, Uber, Money, Finance, Economy, Venture Capital, Commuting, Carsharing, Initial Public Offering

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

How the trade war with China hit Uber’s public offering

Uber’s much heralded public offering has arrived not so much with a bang as with a whimper, thanks largely to the ongoing trade war between the U.S. and China. Overnight, the U.S. government made good on the threat from President Donald Trump to hike tariffs on $200 billion worth of Chinese goods to 25 percent up from 10 percent. Trump’s China tariffs are getting a major increase on Friday As a result, stock markets slid further on Friday and their decline hit Uber’s initial public offerin...
Tags: TC, Facebook, Lyft, Uber, China, Tech, Economy, United States, President, Alibaba, Transport, Commuting, Donald Trump, Pricing, Carsharing, Marketwatch

Lyft lost $1.14B in Q1 2019 on $776M in revenue

In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability. The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s earnings surpassed Wall Street estimates of $740 million while losses came in much higher as a result of IPO-related...
Tags: Travel, TC, Transportation, Lyft, Uber, Pinterest, Green, Transport, Earnings, Commuting, The Wall Street Journal, New York Stock Exchange, Carsharing, Goodwater Capital, Initial Public Offering, Alphabet

Startups Weekly: Will the Seattle tech scene ever reach its full potential?

Greetings from Seattle, the land of Amazon, Microsoft, two of the world’s richest men and some startups. I’m always surprised the Seattle startup ecosystem hasn’t grown to compete with the likes of Silicon Valley — or at least Boston and New York City — since the dot-com boom. Today, it’s the strongest it’s has been due to the successes of companies like the newly minted unicorn Outreach, trucking business Convoy and, of course, the dog walking startup Rover. But the city still lags behind, ...
Tags: Google, Amazon, Startups, Lyft, Uber, Utah, Japan, Microsoft, Finance, Boston, New York City, San Francisco, Chief executive officer, Tech, Economy, Venture Capital

Equity Shot: Uber’s IPO terms and Slack’s S-1

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Kate and Alex are back (again), bringing you the latest on the IPO front. As Friday is coming to a close, we’ll keep this post short to leave plenty of room for you to dig into the audio. Welcome to the weekend. Up first we dug into Uber’s latest S-1 filing. This time, the company set a price range for itself (TechCrunch’s coverage here), valuing itself at $84 b...
Tags: Apple, Startups, TC, Uber, Ipo, Tech, Information Technology, Transport, Venture Capital, Commuting, Kate, Alex, Carsharing, Slack, Crunchbase, Don

Mary Meeker’s new fund, two IPOs from China, and what’s next for Uber and Slack?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate Clark and Alex Wilhelm dug into the latest, namely big news on the fund front from folks you know, two China-based companies going public on domestic exchanges, and what’s next in the long-running sagas of getting Uber and Slack public. First up Kate talked us through the latest at Kleiner Perkins and Mary Meeker’s new growth fund, called Bond ...
Tags: Apple, Startups, TC, Lyft, Uber, China, Tech, United States, Transport, Venture Capital, Commuting, States, Kate, Twitch, Alex, Carsharing

Ride-hailing firm Grab is losing its CTO

Grab is once again on the hunt for a CTO after Theo Vassilakis, the former Microsoft and Google executive who currently occupies the role, announced that he will leave the ride-hailing company this summer. Vassilakis became Grab CTO in October 2017, ending a very long search to fill the job, but he explained in a LinkedIn post that he is leaving the Singapore-based firm, and Southeast Asia, for family reasons. My family and I moved to Singapore in late 2017 when I joined Grab. Living and work...
Tags: Google, Facebook, Asia, Microsoft, China, Southeast Asia, Singapore, Softbank, Linkedin, Tech, Companies, Artificial Intelligence, Beijing, Kuala Lumpur, Transport, Seattle

GV-backed KeepTruckin nabs $149M at $1.25B valuation

KeepTruckin, a developer of hardware and software that helps truck drivers manage their vehicles and cargo, has raised $149 million in Series D funding. Greenoaks Capital has led the round, with participation from existing backers GV, IVP, Index Ventures and Scale Venture Partners . The round values the business at $1.25 billion, according to KeepTruckin co-founder and chief executive officer Shoaib Makani. Since it was founded in 2013, KeepTruckin has accumulated 55,000 unique customers...
Tags: Startups, Transportation, Uber, Hardware, Funding, San Francisco, Tech, Transport, Venture Capital, Commuting, Gps, Logistics, Seattle, Driver, Carsharing, Khosla Ventures

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

21 charged in Chicago carsharing heist; 100+ cars stolen, many still missing

More than 100 Mercedes-Benz vehicles belonging to carsharing service Car2Go were stolen in Chicago. Police are still working to recover all of the cars, which are equipped with GPS, and 21 people have been charged. The post 21 charged in Chicago carsharing heist; 100+ cars stolen, many still missing appeared first on Digital Trends.
Tags: News, Cars, Trends, Chicago, Carsharing, Mercedes Benz, Car2go

16 arrested in theft of up to 100 Car2Go ridesharing vehicles in Chicago

As many as 100 Mercedes-Benz vehicles belonging to carsharing service Car2Go were stolen in Chicago. Police are still working to recover all of the cars, which are equipped with GPS, and 16 people are in custody. The post 16 arrested in theft of up to 100 Car2Go ridesharing vehicles in Chicago appeared first on Digital Trends.
Tags: News, Cars, Trends, Chicago, Carsharing, Mercedes Benz, Car2go

100 Car2go Mercedes hijacked in Chicago crime spree

Car2go, free-floating car-sharing service owned by Daimler, temporarily shut down its service in Chicago on Wednesday after dozens of Mercedes-Benz vehicles were stolen using the app. The Chicago Police Department was alerted by Car2Go that some of their vehicles may have been rented by deceptive or fraudulent means through a mobile  app, a spokesperson wrote in an emailed statement to TechCrunch. The news was first reported via tweet by Brad Edwards, a reporter with CBS Chicago. Edwards re...
Tags: Startups, TC, Transportation, Law Enforcement, Chicago, Automotive, Reporter, Carsharing, Daimler, Mercedes Benz, Mercedes Benz CLA, Chicago Police Department, Daimler AG, BMW Group, CPD, Car2go

YC alum Keeper raises $1.6M to help gig workers pay taxes

Every year around this time, Uber drivers, Wag dog walkers, Bird scooter chargers, social media influencers and other gig economy workers face the unsightly challenge of paying their taxes. Companies like Uber and Lyft classify their drivers as independent contractors, which means you aren’t given any benefits and the company doesn’t withhold any of your taxes. This puts gig workers in a tough position come tax day, especially if they aren’t prepared to shell out big sums to the IRS. Ke...
Tags: Startups, Lyft, Uber, Y Combinator, Spotify, Craigslist, Finance, San Francisco, Chief executive officer, Tech, Tax, Sms, Chicago, United States, Transport, Venture Capital

Equity Shot: A deep dive into the Uber S-1

 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. It’s time for another Equity Shot, a quick-take episode centered around a breaking news event. This time, as you already guessed, Kate Clark and I sat down to dig into the Uber S-1. It’s a huge, complex document, but we did our best to summarize what’s inside. First, we talked through yearly results, looking back a half-decade into Uber’s revenue growth. In t...
Tags: Apple, Startups, TC, Transportation, Uber, Finance, Ipo, Softbank, Chief executive officer, Tech, Economy, Transport, Venture Capital, Commuting, Travis Kalanick, Carsharing

Travis Kalanick stands to make billions from Uber’s IPO

Uber co-founder Travis Kalanick, who resigned from the company in 2017, still stands to make billions in the company’s intial public offering, expected in May. The ride-hailing giant dropped its S-1 this afternoon, confirming plans to trade on the New York Stock Exchange under the ticker symbol “Uber.” The company did not disclose the valuation it’s seeking, but is said to be planning to sell around $10 billion in stock. The filing highlights Uber’s key stockholders, including Kalanick, wh...
Tags: Fundings & Exits, Transportation, Uber, Business, Saudi Arabia, Ipo, Softbank, Tech, United States, Transport, Venture Capital, Commuting, Travis Kalanick, New York Stock Exchange, Kalanick, Carsharing

Didi steps up financial drive as it courts car leasing companies

Didi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls a dominant slice of China’s ride-hailing market, released financial and insurance products targeting riders and drivers. Its service offering just broadened after the startup launched on Thursday an online financial system aimed at car leasing and fleet management companies. The move to carve out a product exclusively fo...
Tags: Transportation, Asia, Internet, China, Tech, Beijing, Transport, Driver, Carsharing, Head, Ride Hailing, Didi, Didi Chuxing, Car Leasing, Xiaoyu Liu

Travel activities platform Klook raises $225M led by SoftBank’s Vision Fund

We recently noted that SoftBank’s Vision Fund has stepped up its deal-making in Asia this year, and today it added a new company to its roster: travel services platform Klook. Hong Kong-based Klook announced today that it has raised a $225 million round led by the Vision Fund with participation from existing investors. The deal — which is described as a “Series D plus” — comes just eight months after Klook announced its $200 million Series D at a valuation of over $1 billion. The company didn’t ...
Tags: Google, Fundings & Exits, Startups, Facebook, Asia, Europe, Japan, Southeast Asia, Softbank, Funding, E-commerce, Taiwan, Asia Pacific, Alibaba, Korea, Airbnb

Grab plans to raise $2B more this year to fund an acquisition spree in Southeast Asia

Always be raisin’. That appears to be the motto of Southeast Asia’s ride-hailing companies Grab and Go-Jek. Fresh from closing a near-$1.5 billion raise from SoftBank’s Vision Fund as part of a huge, multi-billion Series H deal, Grab said today that it plans to extend the round to $6.5 billion to amp up its battle with Go-Jek, which recently raised $1 billion of an ongoing Series F round. A spokesperson for Grab told TechCrunch that the $6.5 billion will include additional money into that Ser...
Tags: Food, Fundings & Exits, Startups, Asia, Business, Indonesia, Southeast Asia, Softbank, Funding, Economy, Paypal, Companies, Philippines, President, Ant Financial, Carsharing

Uber may have left Southeast Asia but its APAC HQ remains in Singapore

Uber exited Southeast Asia last year after it sold its local business to Grab but it continues to remain in Singapore, where it has now opened a new regional HQ for Asia Pacific and is hiring for staff. The company — which is headed for IPO imminently — won’t be restarting its service, however, which puts it in a rather interesting position in Singapore. The writing has been on the wall for some time, though. TechCrunch reported last August that Uber was on a hiring spree in Singapore, and now t...
Tags: Uber, Asia, Japan, Australia, Southeast Asia, Singapore, India, Tech, Asia Pacific, Transport, Commuting, Carsharing, Officer, Countries, Straits Times, APAC

Ride-hailing, bike and scooter companies probably raised less money than you thought

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor To get big faster, younger unicorns start buying startups sooner Small VC funds continue to raise, despite pressure from above After years of fierce competition as private companies, Uber and Lyft are going public on U.S. markets. Scooter service providers, the transportation trend du jour, raised ...
Tags: Startups, TC, Transportation, Lyft, Uber, Column, Tech, United States, Venture Capital, Commuting, Food Delivery, Carsharing, Ridesharing, Jason Rowley, Grab, Go-jek