The California Public Utilities Commission (CPUC) has approved new regulations for ridesharing services operating in the state, TechCrunch revealed on September 19.
The new regulations establish a special category for the businesses: Companies like Lyft, SideCar and Uber will now be treated as Transportation Network Companies.
The media outlet said ridesharing startups will now need to obtain a license, conduct criminal background checks for drivers and hold a commercial insurance policy.
For a look back at the proposal and interviews with ridesharing startups, read “California Paves The Way For Ridesharing Regulations” here.
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