Posts filtered by tags: Ride=hailing[x]


 

Grab to go public in the US following $40 billion SPAC deal

Ride-hailing and delivery company Grab has announced plans to go public in the U.S. Based in Singapore, the company has evolved from a ride-hailing app to a Southeast Asian super app that offers several consumer services, including food delivery, financial services, such as an e-wallet so that you can send and receive money. It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, Thailand and Vietnam. According to Crunchbase, the company has raised over $10 billion, includ...
Tags: Startups, Asia, Southeast Asia, Singapore, Softbank, US, Tech, Food Delivery, Vietnam, Nasdaq, Ride Hailing, SPAC, Grab, Anthony Tan, Altimeter, Altimeter Growth Corp


Uber entices drivers back post-pandemic with $250 million stimulus

Despite the classification of ride-hail drivers as “essential workers” during the early days of the pandemic, last April  Uber’s business dropped by 80%. Drivers decided they’d rather not risk contracting or spreading COVID-19 for the measly revenue provided by the few rides per day they were getting, so when the federal CARES Act extended the Pandemic Unemployment Assistance to gig workers, many Uber drivers decided to hang up their keys.  With more than a quarter of the U.S. population a...
Tags: Transportation, Uber, Tech, Austin, Automotive, Rideshare, On-demand, Gig Economy, Ride Hailing, Phoenix, Uber Drivers, Gig workers, Philadelphia Austin Chicago Miami


Uber gave drivers more control to prove they're independent. Now the company is taking back control because drivers actually used it.

Uber CEO Dara Khosrowshahi. Riccardo Savi/Getty Images Uber is revoking California drivers' ability to set prices and see trip destinations in advance, the San Francisco Chronicle reported. Uber gave drivers more control in 2020 to avoid reclassifying drivers as employees under AB-5. But it reversed course after Prop 22 exempted it from AB-5, saying drivers turned down too many rides. See more stories on Insider's business page. In late 2019, California lawmakers passed AB-5, hopin...
Tags: Transportation, Lyft, Uber, Labor, California, Trends, Barclays, Rideshare, Transporation, Gig Economy, Working Conditions, Campbell, San Francisco Chronicle, AB, Chronicle, Ride-hailing


Optimus Ride partners with Polaris to commercialize electric autonomous vehicles

Autonomous, electric mobility service provider Optimus Ride announced a partnership with powersports vehicle manufacturer Polaris to bring fully autonomous GEM electric vehicles to market. The two will introduce a new line of Polaris GEM low-speed vehicles that will be engineered to fully integrate Optimus Ride’s autonomous software and hardware suite. The microtransit vehicles are expected to come to market during the second half of 2023, when they’ll be deployed in geofenced, localized environ...
Tags: TC, Transportation, Electric Vehicle, Washington, Tech, Automotive, Gm, Brookfield, Ride Hailing, Polaris, Autonomous Vehicle, Northern Virginia, Boston Seaport, Optimus, Harrington, Brooklyn Navy Yard


South Africa’s FlexClub adds $5M to seed round to scale its car subscription marketplace

The traditional process of buying, insuring and financing cars across emerging markets can be challenging, and it defeats the purpose of building an all-around car shopping experience . Today, FlexClub, a South African company, has been provided with $5 million to improve drivers’ experience in these markets . FlexClub was founded in 2019 by Marlon Gallardo, Rudolf Vavruch and Tinashe Ruzane. The company is an online marketplace that connects customers looking for flexible acces...
Tags: Startups, TC, Transportation, Japan, Mexico, Southeast Asia, Funding, Nigeria, Africa, Wordpress, Tech, Automotive, South Africa, Avis, Emerging Markets, Kenya


Didi to subsidize trips for vaccinations with $10M global fund

As countries around the world prepare to vaccinate people against the coronavirus, tech companies are rushing to demonstrate their willingness to help fight the deadly virus. China’s ride-hailing leader Didi Chuxing is pledging a $10 million fund to support COVID-19 vaccination efforts in 13 markets outside its home country China, the company said on Friday. The multi-purpose fund will be used to reduce fees for passengers going to vaccination appointments and frontline healthcare workers travel...
Tags: TC, Transportation, Asia, China, Russia, Softbank, Tech, New Zealand, Ride Hailing, Didi, Uber China, Didi Chuxing, Asia Pacific Latin America, Jean Liu, Coronavirus, COVID-19


Joe Biden’s new gig

Jim Messina Contributor Share on Twitter Jim Messina is a political and corporate advisor and CEO of The Messina Group. He previously served as the White House Deputy Chief of Staff for Operations under President Barack Obama from 2009 to 2011 and as the campaign manager for Obama's successful 2012 re-election campaign. After serving as Obama-Biden campaign manager and White House Deputy Chief of Staff and now living in San Fr...
Tags: Transportation, Column, New York, Labor, Obama, Congress, California, Opinion, Washington, White House, Boston, San Francisco, Barack Obama, Tech, Joe Biden, Policy


An even bigger battle for gig worker rights is on the horizon

When California voters passed Proposition 22 with 58.6% of the vote, they agreed with Uber, Lyft, DoorDash, Instacart and Postmates that gig workers should not be employees who are entitled to myriad labor rights. The proposition they passed stated that gig workers should be independent contractors who receive the limited benefits proposed by those companies. “The first feeling I had was shock, disbelief and hurt,” Vanessa Bain, a worker-organizer with Gig Workers Collective, told TechCrunch. “I...
Tags: TC, Lyft, Labor, Abc, California, Tech, Postmates, Bain, Gig Economy, Ride Hailing, Murphy, Oakland California, AB, Josh Edelson, Assembly Bill, Gig workers


Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing - see the D1

Didi Chuxing's D1 at the launch event in Beijing on November 16, 2020. Xin Yue/Huanqiu.com/VCG via Getty Images DiDi Chuxing has unveiled a custom electric sedan built specifically for ride-shares: the D1. The D1 was built in partnership with electric vehicle maker BYD. The electric vehicle has features like a smart steering wheel, several touchscreens, and artificial intelligence systems. The D1s will be used by drivers across cities in China over the next several months — starting th...
Tags: Transportation, Electric Vehicle, Lyft, Uber, China, Trends, Beijing, Canada, Bp, Vancouver, Ride-sharing, Reuters, Liu, Reuters Passengers, Didi, Changsha China


Uber Asks CDC to Consider Drivers Essential, Wants Early Vaccinations

On Thursday, Uber Technologies made a request with the Centers for Disease Control and Prevention (CDC) that its drivers be deemed essential and up first for the COVID-19 vaccination. While slightly presumptuous, it’s hardly the only business to make such a plea. Delivery services, the trucking industry, food producers, and more have asked the CDC […] The post Uber Asks CDC to Consider Drivers Essential, Wants Early Vaccinations appeared first on The Truth About Cars.
Tags: Uber, Safety, Cdc, Government, Autos, Centers For Disease Control And Prevention, Ride-sharing, Centers for Disease Control and Prevention CDC, Uber Technologies, News Blog, Ride-hailing, COVID, Ride-hailing Firms


U.S. Government Awards Huge Transportation Contract to Uber, Lyft

The General Services Administration (GSA), responsible for managing services for federal agencies, issued a five-year federal contract to Uber and Lyft. Confirmed by Veronica Juarez, Lyft’s vice president of social enterprise and government, on Monday, the deal estimated to be worth somewhere in the neighborhood of $810 million and allows the ride-hailing firms to offer […] The post U.S. Government Awards Huge Transportation Contract to Uber, Lyft appeared first on The Truth About Cars.
Tags: Lyft, Uber, Government, Joe Biden, Autos, General Services Administration GSA, Uber Technologies, News Blog, Ride-hailing, Government Contracts, App-based Services, Veronica Juarez Lyft


Uber refused permission to dismiss 11 staff at its EMEA HQ

Uber has been refused permission to dismiss 11 people at its EMEA headquarters in Amsterdam by the Dutch Employee Insurance Agency (UWV), the ride hailing company has confirmed. The affected individuals did not take up an earlier severance offer as part of wider Uber layoffs earlier this year. Uber announced major global layoffs of around 15% of its workforce in May — which included around 200 staff based in Amsterdam — blaming the cuts on changes to demand caused by the coronavirus pandemic....
Tags: Transportation, Uber, Europe, Layoffs, Tech, Amsterdam, NRC, Ride Hailing, EMEA, Coronavirus, Dutch Employee Insurance Agency, EMEA Headquarters


Opinion: Uber’s Reserve Program is Mildly Troubling

Uber is launching a new feature that allows riders book trips up to 30 days in advance. While supposedly innovative, it smacks of desperation following years of multi-billion-dollar losses and an inability to account for pandemic-related lockdowns. The company reported a $1 billion loss in the third quarter of 2020, noting that gross bookings declined […] The post Opinion: Uber’s Reserve Program is Mildly Troubling appeared first on The Truth About Cars.
Tags: Uber, Apps, Autos, Cabs, Ride-sharing, Uber Technologies, News Blog, Ride-hailing, Black Car Services, Uber Reserve, App-based Services, Ride-hailing Industry, Uber 's Reserve Program


Uber delivers a miss in third-quarter earnings as it slowly recovers from the pandemic

Uber CEO Dara Khosrowshahi speaks at an event hosted by the Economic Club of Washington D.C. Saul Loeb/AFP via Getty Images Uber on Thursday released financial results of its third quarter.  For the three months ended July 31, Uber lost more than $1 billion on revenues of $3.13 billion. Shares of the company fell in late trading following the release.  Visit Business Insider's homepage for more stories. Uber's pandemic recovery isn't happening as quickly as investors would like.The ride-ha...
Tags: Transportation, Uber, News, California, Washington, Trends, Markets, Bloomberg, Rome, Earnings, Wedbush, Economic Club, Dara Khosrowshahi, Saul Loeb, Ride-hailing, Graham Rapier


Study shows cities with ride-hailing services report lower rates of sexual assault

Dr. Min-Seok Pang Contributor Share on Twitter Dr. Min-Seok Pang is an Associate Professor of Management Information Systems and Milton F. Stauffer Research Fellow at Temple University's Fox School of Business. Dr. Jiyong Park Contributor Dr. Jiyong Park is an Assistant Professor of Information Systems at the Bryan School of Business and Economics, University of North Carolina at Gree...
Tags: TC, Transportation, Lyft, Uber, Column, London, NYC, New York City, Tech, Manhattan, Bronx, Public Transportation, Ridesharing, Ride Hailing, Temple University, Milton


Uber Drivers Sue, Claim Company Pressured Them to Support Prop 22

A small group of drivers are suing Uber over repetitive in-app messages from the company about Proposition 22, a ballot initiative it would very much like them to support. Considering the deluge of political messages you’re undoubtedly getting on your own cellular device, you’re probably sympathetic to their plight. There are few things more annoying […] The post Uber Drivers Sue, Claim Company Pressured Them to Support Prop 22 appeared first on The Truth About Cars.
Tags: Uber, Apps, Technology, California, Industry, Autos, Tech Industry, Gig Economy, Ride-sharing, News Blog, Ride-hailing, Hot Legal Action, Driving Jobs, Assembly Bill 5, Ab5, Prop 22


California Rules Uber/Lyft Must Reclassify Drivers

A California appeals court unanimously ruled against ride-hailing giants Uber and Lyft on Thursday, mandating that they would indeed need to reclassify drivers operating within the state as employees. The duo have been pushing against Assembly Bill 5, which seeks to reclassify contracted, gig-economy workers as fully fledged employees entitled to all the associated benefits, […] The post California Rules Uber/Lyft Must Reclassify Drivers appeared first on The Truth About Cars.
Tags: Lyft, Uber, Apps, California, Autos, Tech Industry, Gig Economy, Ride-sharing, News Blog, Ride-hailing, Assembly Bill, Hot Legal Action, Driving Jobs, Assembly Bill 5, Ab5, Prop 22


A California appeals court unanimously upheld a ruling that Uber and Lyft must reclassify their drivers as employees under the state's gig work law

Drivers in California sued Uber and Lyft, claiming the companies owe them $630 million in back wages. Mario Tama/Getty Images A California appeals court on Thursday unanimously upheld a lower court ruling requiring Uber and Lyft to reclassify their drivers as employees under the state's gig work law, AB-5. The ruling doesn't kick in immediately, however, leaving in place an emergency stay issued in August until likely after the election. Uber and Lyft have sought to avoid being forced to c...
Tags: Transportation, Lyft, Uber, Politics, Supreme Court, California, San Francisco, Trends, Markets, Lawsuits, Court of appeal, Rideshare, Naacp, Ruth Bader Ginsburg, Bernie Sanders, Gig Economy


Uber drivers are suing the company over 'threatening' messages urging them to vote for California's Prop. 22

Rideshare driver Teresa Mercado raises her fist in support as app based gig workers held a driving demonstration with 60-70 vehicles blocking Spring Street in front of Los Angeles City Hall urging voters to vote no on Proposition 22 on Oct. 8, 2020. Al Seib/Los Angeles Times/Getty Images A group of Uber drivers say the company's messaging in favor of California's Proposition 22 is breaking the law.  In their lawsuit filed Thursday, they say the "threatening" and "coercive" messages break a...
Tags: Transportation, Uber, News, California, La, San Francisco, Trends, AG, Valdez, Los Angeles City Hall, Dara Khosrowshahi, George Warner, Ride-hailing, Tech Insider, Khosrowshahi, Graham Rapier


Uber's CEO says it will have to double prices in some cities if California voters reject its bid to avoid classifying its drivers as employees

Rideshare driver Jesus Ibarra stands on his car in support as app based gig workers held a driving demonstration with 60-70 vehicles blocking Spring Street in front of Los Angeles City Hall urging voters to vote no on Proposition 22, a November ballot measure that would classify app-based drivers as independent contractors and not employees or agents, providing them with an exemption from Californias AB 5. The action is part of a call for stronger workers rights organized by the Mobile Workers...
Tags: Transportation, Uber, News, California, La, US, San Francisco, Trends, Switzerland, Geneva, West Coast, Wall Street Journal, Southern California, California Los Angeles, Los Angeles City Hall, Dara Khosrowshahi


I’m a software engineer at Uber and I’m voting against Prop 22

Kurt Nelson Contributor Share on Twitter Kurt Nelson is a mobile engineer at Uber based in San Francisco. These are his personal views. I’ve been a software engineer at Uber for two years, and I’ve also been a ride-hail driver. I regularly drove for Lyft in college, and while my day job involves writing code for the Uber Android app, I still make deliveries for app-based companies on my bike to understand the state of th...
Tags: Android, TC, Transportation, Lyft, Uber, Column, California, Opinion, Government, San Francisco, Tech, Policy, Healthcare, Disneyland, Ride Hailing, Doordash


Uber, Lyft Spending Big to Fight Californian Gig Economy Laws

California’s Proposition 22 is a torpedo launched by the SS Gig Economy and will undoubtedly sink Assembly Bill 5 (AB5) if the measure passes this November. The proposal seeks to flip new laws (instituted in January) that prohibit companies from erroneously categorizing employees as independent contractors, forcing them to adhere to minimum wage laws — while likewise […] The post Uber, Lyft Spending Big to Fight Californian Gig Economy Laws appeared first on The Truth About Cars.
Tags: Lyft, Uber, Apps, California, Autos, Tech Industry, Gig Economy, Ride-sharing, News Blog, Ride-hailing, Hot Legal Action, Driving Jobs, Assembly Bill 5, Ab5, Prop 22, Proposition 22


Ola fails to get ride-hailing license renewed in London, says it will appeal and continues to operate

Just six days after Uber won its appeal against London transportation regulators to continue operating in London for another 18 months, one of its bigger rivals has found itself in the hot seat. Ola, the India-based ride-hailing startup, is not getting its Transport for London ride-hailing license renewed, after failing to meet some of TfL’s public safety requirements specifically around licensing for drivers and vehicles. Ola told TechCrunch it plans to appeal the decision, and as was the ca...
Tags: TC, Uber, UK, London, Australia, India, Softbank, Tech, New Zealand, Sky News, Tfl, Ola, Ride Hailing, Gett, Helen Chapman, Ola the India


Uber wins latest London licence appeal

Uber has won its appeal against having its licence to operate withdrawn in London. In today’s the court decided it was satisfied with process improvements made by the ride-hailing company, including around its communication with the city’s transport regulator. However it’s still not clear how long Uber will be granted a licence for — with the judge wanting to hear more evidence before taking a decision. We’ve reached out to Uber and TfL for comment. The ride-sharing giant has faced a mult...
Tags: Uber, Apps, Europe, Lawsuit, UK, London, Supreme Court, Court, Tech, Regulation, Tfl, Ride Hailing, Magistrates Court, Taylor Wessing, Yaseen Aslam, ADCU


Uber wins latest London licence appeal — but renewal is only for 18 months

Uber has won its appeal against having its licence to operate withdrawn in London. In today’s the court decided it was satisfied with process improvements made by the ride-hailing company, including around its communication with the city’s transport regulator. The new licence comes with 21 conditions, jointly suggested to the Magistrate by Uber and TfL, according to an industry source. It wasn’t immediately clear from the judgement how long Uber would be granted a licence for — with the j...
Tags: Uber, Apps, Europe, Lawsuit, UK, London, Supreme Court, Court, Tech, Regulation, Tfl, Ride Hailing, Magistrates Court, Taylor Wessing, Yaseen Aslam, Jamie Heywood


JPMorgan says Uber's recovery is slowing down as a second coronavirus wave hits countries around the world

Mario Tama/Getty Images Uber will likely still turn a profit by the end of next year despite the pandemic setbacks, JPMorgan said Friday.  However, the bank's analysts said the recovery has been stalled as COVID-19 cases show no sign of slowing in the US, and a second wave hits other countries. A resurgence of cases and lockdown orders in international markets may also be a negative, they said.  Visit Business Insider's homepage for more stories.  The US's failure to contain its coronavir...
Tags: Transportation, Lyft, Uber, UK, US, Trends, West Coast, North America, Berkeley, Jpmorgan, France Spain, Mario Tama Getty, Ride-hailing, Graham Rapier, Doug Anmuth, Coronavirus


Uber's recovery is slowing down as a second coronavirus wave hits countries around the world, JPMorgan says

Mario Tama/Getty Images Uber will likely still turn a profit by the end of next year despite the pandemic setbacks, JPMorgan said Friday.  However, the bank's analysts said the recovery has been stalled as COVID-19 cases show no sign of slowing in the US, and a second wave hits other countries. A resurgence of cases and lockdown orders in international markets may also be a negative, they said.  Visit Business Insider's homepage for more stories.  The US's failure to contain its coronavir...
Tags: Transportation, Lyft, Uber, UK, US, Trends, West Coast, North America, Berkeley, Jpmorgan, France Spain, Mario Tama Getty, Ride-hailing, Graham Rapier, Doug Anmuth, Coronavirus


Ride-hailing was hit hard by COVID-19. Grab’s Russell Cohen on how the company adapted.

A contactless Grab delivery Ride-hailing services around the world have been hit hard by the COVID-19 pandemic, and Grab was no exception. The company is one of the most highly-valued tech startups in Southeast Asia, where it operates in eight countries. Its transport business suffered a sharp decline in March and April, as movement restriction orders were implemented. But the company had the advantage of already operating several on-demand logistics services. During Disrupt, Russell Cohen...
Tags: Startups, TC, Asia, Southeast Asia, Tech, Thailand, Philippines, Vietnam, On-demand Delivery, Techcrunch Disrupt, Ride Hailing, Cohen, Singapore Malaysia, Grab, Russell Cohen, Grab Financial


Uber will require passengers to prove they're wearing a mask with a selfie if a driver reports them for not wearing one

A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the
 Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. The drivers called for California to enforce the AB 5 law so that they may qualify for unemployment insurance as the spread of COVID-19 continues. Drivers also called for receiving back wages they say they are o...
Tags: Transportation, Uber, News, California, Masks, Trends, Los Angeles California, AB, Dara Khosrowshahi, Mario Tama Getty, Ride-hailing, Tech Insider, Khosrowshahi, Graham Rapier, Rideshare Drivers United, Coronavirus


Almost 200 Uber employees are suing the company over its disappointing IPO last year

Uber was one of the most anticipated IPOs of 2019, but it stammered out of the gate. Reuters/Andrew Kelly Uber's hotly anticipated initial public offering last year left many investors disappointed.Adding to the fallout is a new lawsuit by employees who say an acceleration of their stock units' issue date saddled them with extra taxes. Three days before its IPO, Uber moved the issue date for those units, meaning they were taxed at prices higher than if they had been issued as originally pla...
Tags: Transportation, Uber, News, Ipo, Trends, Markets, Lawsuits, Pdf, Financial Times, Ride-hailing, Tech Insider, Graham Rapier, IPO Uber, Uber IPO, Business News Desk, Reuters Andrew Kelly Uber