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Tesla S Model

Tesla unveils Robotaxi plan

Tesla has held a presentation on its progress towards self-driving cars and in the process has unveiled its Robotaxi plan for a self-driving ride-sharing network with Tesla electric cars to be activated as soon as the next year through an…

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Uber Office

Uber files for IPO

Ride-hailing giant Uber has launched its much anticipated initial public offering filing. It has submitted the official S-1 form, revealing a lot of information about workings of the company. The CEO has written a letter to potential investors noting many…

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Careem App Screenshot With A White Car In Background

Uber acquires Careem for $3.1 billion

Uber has announced it has reached a deal to acquire Middle East-based ride-hailing company Careem for $3.1 billion. Careem, founded in 2012 in Dubai, claims more than 30 million registered users, providing ride-hailing service in 120 cities across North Africa,…

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Tesla Model Y

Tesla launches Model Y

Tesla has launched its latest vehicle, Model Y due to start shipping in 2020. The vehicle will travel around 480km on a single charge and will start at $47,000 with an all-wheel-drive dual motor version at $51,000 and the performance…

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A Pink Lyft Car Is Parked Next To A Cleaning Store

Lyft files for IPO

American ride-hailing company Lyft has filed for Initial Public Offering, after months of speculation. The official filing form lists $100 million for the offering, putting the company value around $25–30 billion. Lyft is the first ride-hailing company to go public…

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DriveNow And Car2Go Vehicles Are Parked Next To Each Other

Number of car-sharing users grows in Germany

The number of car-sharing users in Germany increased by 350,000, reaching 2.46 million in 2018, according to the car-sharing association of Germany — Bundesverband Carsharing. According to the association, there were 20,200 shared vehicles in the country — a 12% year-on-year increase. The free-floating…

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