Uber has announced that it will soon be focusing on electric bicycles and scooters for shorter trips. CEO Dara Khosrowshahi said that while in the short term the move would mean a further financial hit for the company, investors should understand that short-term losses are...
Uber revealed that its second-quarter revenue increased 63 percent from the prior year to $2.8 billion, while gross bookings jumped 41 percent to about $12 billion. According to The Wall Street Journal, while the company narrowed its loss to $891 million in the second quarter...
New York City. If you can make it there, you’ll make it anywhere. Except making it there might be tough if you are a ride-hailing firm. News from the last several weeks, and recently from The New York Times, reports that city officials are inching toward a...
New York’s City Council is set to approve a one-year cap on new licenses for ridesharing vehicles. According to Bloomberg, the move is part of a package of regulations aimed to reduce traffic and stop a decrease in drivers’ pay. The regulations are set to...
Documents show that Lyft, Uber and Via have offered to help New York City’s taxi medallion owners through a $100 million relief fund paid over five years. The proposal, as detailed in documents provided to TechCrunch by Lyft, would have the companies contributing $20 million...
Waymo announced it is partnering with Valley Metro, the Phoenix, Arizona area’s regional public transportation authority, to explore mobility solutions using self-driving technology. “Working together, we want to explore how self-driving vehicles could fill transportation and mobility gaps for riders across the Greater Phoenix area,”...
Uber has reached a major milestone: completing more than 10 billion trips. “We’ve hit some pretty exciting milestones together in the past, and this latest one is no different,” the company wrote in a blog post. “On Sunday, June 10, 173 trips and deliveries started...
ReachNow, the BMW-owned carsharing service, announced it is launching a ride-hailing service, becoming what it said to be the first carsharing and ride-hailing service all from one app. In a blog post, Dr. Simon Broesamle, chief customer officer at ReachNow, said the auto industry will...
Ride-hailing app Gett is considering a sale of Juno, the New York-based startup it bought last year for $200 million. According to Bloomberg, Juno represents the majority of the Israeli tech company’s U.S. operations. Sources say there is no guarantee Gett will sell Juno, and...