Uber Technologies may have a new fraud problem on its hands after The Wall Street Journal reported news that Uber managers in Singapore leased the Honda Vezel to Uber drivers after the vehicle was recalled by Honda Motor Co. for safety reasons. Get the Full...
Ridesharing company Lyft announced news that is has added three new partners to its Round Up and Donate Program and will also match charitable donations made when riders pay via Apple Pay for the entire month of August. Get the Full Story Complete the form...
Reports say that SoftBank has contacted Uber about the possibility of buying a “multi-billion dollar stake” in the ridesharing company — less than a day after it agreed to put $2 billion into Southeast Asia’s Grab alongside Didi. Get the Full Story Complete the form...
In an attempt to retain its drivers and recruit new ones, Uber is revamping its driver support system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Ridesharing company Lyft’s gross bookings grew approximately 25 percent to more than $1 billion in the second quarter — a faster rate than that of carsharing competitor Uber. Uber told investors earlier this month it expected gross bookings would increase in the “mid-teens” for the quarter. Get...
Didi Chuxing, the Chinese ride-hailing company, and SoftBank are reportedly teaming up to invest $2 billion in Grab, the leading ridesharing company operating out of Southeast Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Startup Cargo has raised $1.75 million in seed funding to place mobile shops in Uber and Lyft drivers’ vehicles. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Grab Taxi Holdings, the Singapore ride-hailing company and Uber Technologies’ largest rival in Southeast Asia, is in the processing of raising $2 billion in venture capital (VC) funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Uber Technologies’ venture capitalists and the company’s board may be gearing up for a share sale to SoftBank Group and others, at the urging of early investor Benchmark, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
