Lyft announced on Wednesday (June 27) that it raised $600 million in a new funding round, bringing its valuation to $15.1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Uber is reportedly gearing up to roll out a new pricing structure in which users can get cheaper rides if they are willing to wait longer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Chubb, the insurance company, has partnered up with Sure Inc., a startup, to sell insurance to users of ride-hailing apps including Uber. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Call it the Uber effect: A record 139 New York City taxi medallions will be up for sale in bankruptcy auction this month as cab drivers continue to struggle to compete with ridesharing apps. Get the Full Story Complete the form to unlock this article...
Dockless bikes have been on the rise – or at least the roll – throughout the major metros of Europe, giving potential riders access to bike rides wherever they want to go. Get the Full Story Complete the form to unlock this article and enjoy...
Drivers of Grab, based in Southeast Asia, can now turn their cars into mini convenience stores. According to TechCrunch, the ride-hailing company has teamed up with U.S. startup Cargo to sell a selection of items to passengers during their ride. Cargo says drivers can earn up to...
Lyft will buy the bike-sharing company Motivate, according to report in The Information. The potential deal follows a similar move by Uber in April. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
To help retain drivers on its platform, Uber is raising its fares in cities such as Washington, D.C., San Francisco and Los Angeles. The increases have come to both “time and distance” rates as well as “booking fees,” Financial Times reported. Get the Full Story...
Mobike, the Chinese bike sharing company, is dealing with a growing problem of theft in Mexico City, the market it entered this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
