Uber pays $2.6M to settle historical charges it violated Dutch taxi laws

Another fine for Uber’s historical playbook: The ride-hailing giant has agreed to pay around $2.6 million (€2.3M) to settle charges in the Netherlands related to violations of local taxi law, dating back to when it was operating a peer-to-peer ride-hailing service in contravention of local transport laws. Uber offered its UberPop service in the Netherlands […]

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Cabify returns to Barcelona with a workaround for ride-hailing wait limits

Well that didn’t take long. Despite warning loudly and publicly that incoming changes to private hire vehicle rules in Catalonia would drive it out of Barcelona for good, and force it to fire thousands of drivers, Spanish ride-hailing firm Cabify has announced it’s back operating in the city from today — a month after it […]

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Taxify rebrands as Bolt to expand its transport options beyond private cars

Taxify, the ride-hailing company from Estonia backed by Didi and Daimler and now active in 30 countries, is making a key shift in its business today as it gears up for its next stage of growth. The company is removing “taxi” from its name and rebranding as Bolt, the same name that it has been […]

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Rules to rein in ride-hailing apps coming to Barcelona

Catalonia’s regional government in Spain has agreed new rules to regulate the vehicle for hire (VTCs) sector that will require ride-hailing companies such as Uber and Cabify to substantially change how they operate in Barcelona and other local cities as soon as this week. The changes have been agreed by decree, ahead of a planned […]

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Go-Jek extends ride-hailing service to the rest of Singapore

After a limited rollout, Go-Jek said today that it will extend its ride-hailing service to all of Singapore tomorrow while continuing its beta phase. The Indonesian-based company began offering rides in Singapore at the end of November, but only for passengers riding to and from certain areas. It https://www.straitstimes.com/singapore/transport/gojek-introduces-dynamic-pricing-move-will-likely-attract-more-drivers-to-joinintroduced dynamic pricing there, which increases prices […]

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License caps and CCTV among ride-hailing rule changes urged in report to UK gov’t

Uber and similar services could be facing caps on the number of licenses for vehicles that can operate ride-hailing services in London and other UK cities under rule changes being recommended to the government. CCTV being universally installed inside licensed taxis and private hire vehicles for safety purposes is another suggestion. A working group in […]

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China announces transportation industry reform, days after murder of Didi carpooling passenger

The Chinese government announced it will reform the transportation industry to safeguard passengers, three days after a female passenger was allegedly raped and murdered by a Didi Chuxing driver last Friday. Provinces and autonomous regions are now tasked with setting up passenger safety committees by the end of this month and ensuring that incidents are […]

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Uber and Lyft race way ahead of car-sharing services

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Hailing a Lyft or Uber has become so normal those companies pretty much have become verbs, kind of like “googling.” But no one is asking, “Wanna Getaround to dinner?” It’s clear car-sharing hasn’t become as popular as ride-hailing, and it may stay that way.

Car-sharing, which involves renting someone else’s car or borrowing a car from a fleet, has some major roadblocks. It’s inherently difficult to get people who already have cars to take someone else’s vehicle. For car-less folks, renting a car means driving yourself — and parking, not drinking, staying focused, following traffic rules, and more.  Read more…

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Chat app Line gets serious about gaming with its latest acquisition

Line, the company best-known for its popular Asian messaging app, is doubling down on games after it acquired a controlling stake in Korean studio NextFloor for an undisclosed amount. NextFloor, which has produced titles like Dragon Flight and Destiny Child, will be merged with Line’s games division to form the Line Games subsidiary. Dragon Flight […]

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Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

Didi Chuxing, China’s largest ride-hailing company, has pulled in some strategic capital after Booking Holdings invested $500 million into its business. The deal will see Booking Holdings — which was formerly known as Priceline — work closely with Didi to offer its on-demand car services through its Booking.com apps via an integration. Likewise, Didi customers […]

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After Uber buyout, Grab aims to go beyond rides to become Southeast Asia’s one-stop app

Grab is shrugging off the threat that Singapore might undo its acquisition of Uber’s Southeast Asia business after the ride-hailing firm announced a new strategy to become Southeast Asia’s one-stop “super app.” The Competition and Consumer Commission Singapore (CCCS) last week said it may levy a fine or unwind the Uber-Grab deal but today Singapore-based Grab announced a […]

View More After Uber buyout, Grab aims to go beyond rides to become Southeast Asia’s one-stop app

Lyft valuation hits $15.1 billion after fresh $600 million in funding

Lyft has raised an additional $600 million in a Series I financing round led by Fidelity Management & Research Company, pushing its post-money valuation to $15.1 billion. The company’s value has more than doubled in the past 14 months. Senator Investment Group LP joined Fidelity in the capital raise. Fidelity has poured more than $800 […]

View More Lyft valuation hits $15.1 billion after fresh $600 million in funding