After three months of discussions, Uber Elevate has selected The University of Texas at Austin as its partner alongside the U.S. Army Research Laboratory to develop new rotor technology for vehicles that the company will use in its uberAIR flying taxi network. The news is the latest step in Uber’s plans to get demonstration flights […]
View More UberAIR to take flight with help from UT Austin and U.S. Army Research LabsCategory: carsharing
India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UK
The UK is getting a new alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which will become its first market in Europe. Ola was founded in 2010 and it covers over 110 cities in India where it offers licensed taxis, private hire cars and rickshaws through a network […]
View More India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UKChina’s Didi pumps $1B into its rebranded driver services business
Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also getting a rebrand. The Chinese ride-hailing firm had been tipped to spin out the business and raise $1.5 billion from investors ahead of an IPO, according to a recent Reuters […]
View More China’s Didi pumps $1B into its rebranded driver services businessSpanish ‘anti-Uber’ taxi strike ends after government agrees new regulation
A national six-day taxi driver strike in Spain has ended after the government agreed to pass regulation that will allow the country’s autonomous communities to cap the number of private hire vehicle permits within their cities. The VTC licenses are used by Uber and local ride-hailing rival Cabify to offer professional driver services in the country. […]
View More Spanish ‘anti-Uber’ taxi strike ends after government agrees new regulationGrab picks up $2 billion more to fuel growth in post-Uber Southeast Asia
Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has announced that it has pulled in $2 billion in new capital as it seeks to go beyond ride-hailing to offer more on-demand services. The $2 billion figure includes a $1 billion investment from Toyota which was announced in June, […]
View More Grab picks up $2 billion more to fuel growth in post-Uber Southeast AsiaGo-Jek kicks off Southeast Asia expansion with Vietnam launch
Go-Jek, the Indonesia-based ride-sharing company valued at $5 billion, has begun its ambitious plan to increase its rivalry with Grab by expanding into three new markets after it opened shop in Vietnam. The service — which is known as Go-Viet — covers an initial 12 districts in Ho Chi Minh City with a motorbike on-demand service. Rival […]
View More Go-Jek kicks off Southeast Asia expansion with Vietnam launchUber and Cabify pause services in Barcelona after taxi strike turns violent
A two-day taxi driver strike in Barcelona this week, called to protest against the number of ride-hailing vehicles on the streets and failure to enforce national regulations that are supposed to cap private hire vehicle numbers, turned violent yesterday with protestors attacking cars and local media reporting attacks on drivers too. The violence has led […]
View More Uber and Cabify pause services in Barcelona after taxi strike turns violentSoutheast Asia’s Grab hit by backlash over changes to customer loyal program
Life without Uber should be simple for Grab, but a battle with regulators in Singapore could see the company’s acquisition of Uber’s Southeast Asia business unwound while some consumers have voiced concern around a lack of competition. Grab co-founder Hooi Ling Tan recently claimed competition remains in the market, but that hasn’t stopped another consumer backlash […]
View More Southeast Asia’s Grab hit by backlash over changes to customer loyal programUber’s Indian rival Ola is aiming for an IPO in 3-4 years
Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru last week that seven-year-old Ola is poised to become a cash flow positive business — having recently hit operational […]
View More Uber’s Indian rival Ola is aiming for an IPO in 3-4 yearsChina’s Didi Chuxing is close to launching a taxi-booking service in Japan
Days after raising $500 million via a strategic investment from travel giant Booking Holdings, Chinese ride-hailing giant Didi Chuxing has continued its international push with the launch of a local business in Japan. Its new Japan-based unit is a joint venture with SoftBank, a longtime Didi investor, which has been in the works since an announcement back […]
View More China’s Didi Chuxing is close to launching a taxi-booking service in Japan“Everyone is talking to everyone” — rideshare investor bypasses Uber-Careem rumor
Ride-hailing giant Uber is in talks over a possible merger with Middle East rival Careem, according to Bloomberg — citing three people familiar with the matter. The report suggests various deal structures have been discussed, although it also says that no deal has been reached — nor may ever be reached, as discussions are ongoing and may […]
View More “Everyone is talking to everyone” — rideshare investor bypasses Uber-Careem rumorNigerian logistics startup Kobo360 accepted into YC, raises $1.2 million
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Breaking down France’s new $76M Africa startup fund Africa Roundup: African startup investments turn to fintech this winter season When Nigerian logistics startup Kobo360 interviewed for Y-Combinator’s 2018 cohort a question […]
View More Nigerian logistics startup Kobo360 accepted into YC, raises $1.2 million