Tag: category-/Travel

How the ride-hailing industry is fueling a new breed of startup

Amid concerns about low wages in the ride-hailing industry, a number of venture capital (VC)-backed startups have emerged to help drivers boost their earnings by selling goods, displaying advertising, and even crunching big data to optimize their routes. But while dissatisfaction in the ride-hailing industry may have played a part in spawning a new category […]

Read More

Lyft will add Chrysler Pacifica minivans to its self-driving fleet, open new road test center

Lyft is doubling down on its self-driving car efforts with this week’s announcement that it will open a second road test site. The center will be in Palo Alto, California, near its self-driving HQ — the Level 5 Engineering Center. Lyft also took the wraps off a new car that will join its autonomous fleet: […]

Read More

Uber may have to pay Waymo over autonomous driving tech

(Reuters) — Uber said it “will likely” have to strike a licensing deal with Waymo or opt for costly changes to its autonomous driving software, after an expert found the ride-hailing giant still used technology from the Alphabet unit. While it was unclear by when the company needed to decide on its next move in […]

Read More

Maas Global raises $33 million to bring multi-modal transport subscriptions to cities globally

MaaS Global, a Finnish startup that’s setting out to bring a multi-modal subscription transport service to cities globally, has raised €29.5 million ($33 million) in a round of funding from BP Ventures, Mitsubishi Corporation, and Nordic Ninja — a Japanese VC fund that invests specifically in Nordic companies. Founded out of Helsinki in 2015, MaaS […]

Read More

Uber promises profitability by 2021 despite rising losses

(Reuters) — Uber on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down 5.5% in after-hours trading. Nevertheless, the company promised it would be profitable by the end of 2021 as quarterly revenues, driven by its global […]

Read More

Moovit taps Waze to bring carpooling to its urban transport app

Waze, the Google-owned GPS navigation app for drivers, is integrating its carpool service into Moovit, the first time Waze Carpool data has been available through any third-party transit app. While Waze is better known for its flagship GPS app with real-time data provided by a global community of drivers, the company launched a dedicated carpool […]

Read More

Uber rejects Los Angeles’ request for bike rider data over privacy concerns

(Reuters) — Uber said it would not share real-time location data of its electric bike riders with the city of Los Angeles, saying it would violate their privacy. The Los Angeles Department of Transportation (LADOT) had sought the data and has threatened to suspend the company’s license to operate the electric bike service, Jump, unless […]

Read More

FlightHub and tech working together to improve the customer experience

Presented by FlightHub As consumers become accustomed to the convenience and sense of empowerment created by advances in technology, the travel industry is being impacted in a major way.  In response to the increased demand from customers for time-sensitive information and more control over their own destiny, many companies are focused on developing artificial intelligence […]

Read More

Lyft’s Jobs Access Program provides rides to low-income riders in over 35 markets

In March, hot on the heels of its initial public offering, Lyft announced City Works, a $50 million program seeking to strengthen the company’s civic engagement in the places its drivers live and work. Building on this and subsequent offshoot efforts, the ride-sharing startup this morning launched the Jobs Access Program, an initiative intended to […]

Read More

Uber Pet launches so you know Fido can ride with you

Uber is piloting a new feature in the U.S. that allows riders to request a driver that has pre-agreed to accept pets. Uber’s existing pet policy requires drivers to accept service dogs only — that is, dogs trained to help someone with a disability, such as visual impairment. Aside from that, it’s left to the […]

Read More

Bird raises $275 million at a $2.5 billion valuation

Santa Monica, California-based mobility startup Bird today announced a mammoth series D fundraising round that values the company at $2.5 billion, up from $2 billion in January. (Bird has the distinction of being the fastest company to reach $1 billion.) CDPQ and Sequoia together contributed $275 million, building on a $158 million series C last […]

Read More

Uber commits to reporting its rides’ environmental impact

Uber last year announced a three-year, $10 million investment in sustainable transportation, and it became a signatory to the Step Up Declaration for carbon mitigation and energy efficiency. This morning at a press conference in San Francisco attended by CEO Dara Khosrowshahi, it doubled down on its sustainability pledges by committing to power all of […]

Read More

BlaBlaCar to acquire Russia’s Busfor amid European mobility upheaval

The mobility revolution sweeping through Europe is reshaping just about every facet of how people on the continent travel. While that creates a host of new options for consumers, it also creates immense opportunities and challenges that transportation companies must navigate. Paris-based BlaBlaCar is a mobility pioneer that now finds itself trying to stay one […]

Read More

Lyft’s app now shows nearby bike, scooter, subway, bus, and walking options

Lyft continues to forge ahead in its effort to become a one-stop transportation hub. A week after the company added protected scooter- and bike-friendly routes to its mobile app, it today took the wraps off a revamped experience that spotlights bike, shared ride, scooter, subway, bus, and walking options in cities around the U.S. Once […]

Read More

Uber receives 2-month reprieve in battle to regain London license

(Reuters) – Uber on Tuesday received only a two-month London operating license, failing to secure a maximum five-year term in a battle with the regulator which has previously stripped the app of its right to take rides. Transport for London (TfL) rejected the Silicon Valley company’s license renewal request in 2017 due to failings it […]

Read More

Lyft adds protected scooter- and bike-friendly routes to its app

Leave it to Lyft to remain in lockstep with Uber in its championing of multimodal forms of transportation. The San Francisco company today announced that it’s adding bike lanes to the Lyft app (starting with iOS) in every market where it has bikes or scooters, following on the heels of push notifications reminding riders and […]

Read More

Uber Freight HQ opens in Chicago

Uber announced in March that it would hire hundreds of Chicago-area Uber Freight workers ahead of plans to lease additional city office space, and this morning the ride-hailing giant revealed its long-term vision for the newly christened Uber Freight HQ. Uber said it has signed a 10-year lease on the Old Main Post Office in […]

Read More

Scoop raises $60 million for carpool service

Americans inordinately drive to work. In point of fact, 76.4% of U.S. workers report commuting to the office alone, compared with the just 5.2% who say they take mass transit. Even in New York City, with its extensive transit and rail system and high levels of congestion, more than half of people get to their […]

Read More

Lyft says ride-hailing price war with Uber is easing up

(Reuters) — Lyft on Wednesday said a price war with rival Uber was easing, boosting shares of both companies and allowing Lyft to raise its outlook for the year and forecast a faster path to profitability. Lyft said increased revenue per rider would lift both third-quarter sales and full-year revenue above Wall Street estimates. That […]

Read More

Bird beefs up new escooter with a 50% larger battery

Just a few weeks after taking the wraps off of the Cruise, a two-seater electric bike with a 52-volt battery and an LCD screen, Bird today announced its second-generation escooter: the Bird Two. In addition to a long-lasting battery and a bevy of damage-detecting sensors, it features anti-theft encryption that protects against malicious hacks and […]

Read More

GM’s Cruise delays driverless taxi service, plans to build country’s largest EV fast charger station

GM’s Cruise is postponing plans for a fully driverless taxi service, which it previously said would launch by year-end 2019. In a blog post published this morning on Medium, CEO Dan Ammann said performance and safety concerns necessitated the delay. He asserted that in order to address these issues, Cruise will “significantly” increase its testing […]

Read More

FlixMobility raises $531 million for carpooling options on its AI-driven mobility platform

Germany’s FlixMobility has reportedly raised a $531 million venture capital round that values the company at more than $2 billion. The company issued a press release today announcing it had raised a large funding round, though it declined to reveal the amount. However, sources told Reuters that it was $531 million, easily the largest for […]

Read More