ride-hailing

Uber One Hits 30 Million Subscribers, Drives Delivery Revenues 22% Higher

Uber One Hits 30 Million Subscribers, Drives Delivery Revenues 22% Higher
Uber One Hits 30 Million Subscribers, Drives Delivery Revenues 22% Higher
May 07, 2025  |  Earnings

Uber’s membership program continues to drive cross-selling activities across the company’s platform, a nod to the movement toward its app as a digital front door...

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Special Situations Fund Engine Capital Seeks Board Changes at Lyft
Special Situations Fund Engine Capital Seeks Board Changes at Lyft
April 29, 2025  |  Ridesharing

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)...

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Lyft CEO David Risher: Surge Pricing ‘Deeply Unpopular’ With Customers
Lyft CEO David Risher: Surge Pricing ‘Deeply Unpopular’ With Customers
April 25, 2025  |  Ridesharing

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...

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Tesla Eyes June Launch for Robotaxis Amid Decline in Sales
Tesla Eyes June Launch for Robotaxis Amid Decline in Sales
April 23, 2025  |  Transportation

Automotive manufacturer Tesla is reportedly rolling out trials of its ridesharing service, giving employees access, as it looks to expand that service later this year....

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Lyft Pays $197 Million to Pick Up German Taxi App FreeNow
Lyft Pays $197 Million to Pick Up German Taxi App FreeNow
April 16, 2025  |  Partnerships

Lyft is expanding into Europe with its $197 million purchase of taxi app FreeNow. The deal, announced Wednesday (April 16), will see Lyft acquire the Germany-based company from BMW and Mercedes-Benz Mobility....

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Uber and Waymo Begin Taking Sign-Ups for Atlanta Robotaxi
Uber and Waymo Begin Taking Sign-Ups for Atlanta Robotaxi
April 15, 2025  |  Transportation

Uber has launched an “interest list” for riders wishing to use its Atlanta robotaxi service. Customers based in that city can sign up for the wait...

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Grab Reportedly Seeking $2 Billion to Acquire Rival GoTo
Grab Reportedly Seeking $2 Billion to Acquire Rival GoTo
March 26, 2025  |  Partnerships

Singapore-based ride-hailing/delivery platform Grab is reportedly trying to raise funds to acquire rival GoTo. The company is in discussions to obtain a bridge loan of up to $2...

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GoTo Reportedly Open to Merger With Rival Tech Giant Grab
GoTo Reportedly Open to Merger With Rival Tech Giant Grab
March 12, 2025  |  Partnerships

The CEO of Indonesian super app GoTo is reportedly still weighing a merger with rival Grab. Patrick Walujo made those comments to the Financial Times (FT) in...

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