Uber’s co-founder is reportedly considering returning to the ride-hailing space with his new venture Atoms. That’s according to a report Sunday (Sept. 6) by the Financial Times (FT), which said Travis Kalanick is looking to develop robotaxi technology by reuniting with veterans of Uber’s autonomous...
Lyft has announced a 60-day program designed to provide relief to Lyft drivers who are facing rising gas prices. The program will include an additional 2% cash back for Elite tier drivers and an additional 1% cash back for Gold and Platinum tier drivers who...
Uber has debuted Autonomous Solutions, a suite of services and capabilities designed for autonomous vehicles. These capabilities have already begun helping partners build and commercialize autonomous vehicles (AVs) in markets worldwide, Uber said in a Monday (Feb. 23) news release. “Autonomous technology has remarkable potential to make...
Partnerships and rewards drove growth at Lyft in the fourth quarter. During the quarter, over 25% of the rideshare company’s rides were linked to a partnership, and there was 26% year-over-year growth in new activations in the firm’s business travel rewards program, Lyft said in...
Lyft is letting riders “favorite” the drivers they appreciate, and block the ones they don’t. “Had an amazing ride?” Now you can mark that driver as a ‘favorite’ so we can try to match you with them again,” the ride-hailing company said in its announcement...
African ride-hailing startup Moove is reportedly within weeks of finalizing an oversubscribed debt round in which it will raise $1.2 billion. The company will use the funding to roll out a fleet of autonomous vehicles with Waymo and expand in the U.S., Bloomberg reported Wednesday...
Uber has rolled out a series of products designed to help customers save money. “We’re hearing it more and more these days — life just feels like a lot. Too complicated. Too uncertain. And above all, too expensive,” the tech giant said in its Wednesday (May...
Engine Capital, a special situations fund that invested in Lyft in 2024 and has about a 1% stake in the company, said Tuesday (April 29) that it aims to elect two candidates to the rideshare company’s board of directors and address Lyft’s “governance and capital...
Lyft found that surge pricing is “deeply unpopular” with customers, CEO David Risher said in his annual letter to shareholders, released Thursday (April 24). Surge pricing, which the rideshare company calls Prime Time or PT, balances supply and demand by raising prices when demand is high, thereby...