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…
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,…
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.…
Micromobility is the new buzz in the mobility industry, the companies operating in the segment rapidly raise money and acquire customers, however, its profitability remains under question. Since 2015 $5.7 billion was invested in micromobility startups, 85% of it in…
Uber is working on integrating autonomous technology into its bike- and scooter-sharing services. For this purpose, the ride-sharing giant has created a new division, Micromobility Robotics, which will be part of the JUMP group, responsible for shared electric bikes and…
Uber is on track to deliver its aerial rideshare vehicle by 2023. The main manufacturing partner of the company, Bell Helicopter already unveiled a full-scale model in Las Vegas. The aircraft called Nexus is exhibited at Consumer Electronics Show. Uber…
2018 was supposed to be a break-through year for self-driving cars, the technology is here, Uber and Waymo have accumulated a decent amount of test mileage, Tesla was selling a full “self-driving” software upgrade for its vehicles and Waymo was…
The American coffee giant Starbucks has announced that it will start delivering drinks and snacks from 2,000 of its stores in the US (25% of all stores). Uber Eats will be making the deliveries. The announcement comes after a…
Ride-sharing juggernauts Uber and Lyft have both announced that they have filed confidential documents for their initial public offering, an event long awaited by the financial industry. Lyft was trying to beat Uber to IPO, as the biggest ride-sharing company…