Car rental company Enterprise will launch its own car subscription service. It’s the company’s first attempt to get in on the Mobility-as-a-Service action. The company announced that customers will be able to pay a monthly fee to rent from six…
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…
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…
Volkswagen has launched an all-inclusive car subscription service in the UK. The pilot program includes three vehicles — Golf, Passat and Tiguan, for a monthly fee covering servicing, maintenance, road tax, and insurance. VW has partnered with the Drover platform for the…
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,…
Car rental company Sixt announced that it has more than doubled its annual profits in 2018, reaching €439m on sales of €2.9bn. The company says it is the fifth record year in a row. The growth of profits was stimulated…
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…
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…
BMW and Daimler have confirmed planned mobility partnership and have announced €1 billion fund for 5 different joint ventures. The automakers will work on combining efforts to tackle competition from Uber, Electrify America, Maven, and Turo with appropriate common ventures.…
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…