Ride-hail and delivery giant Uber is introducing cheap, fixed-route rides along busy corridors during weekday commute hours in major U.S. cities – one solution to a world that feels, for most people, more expensive everyday. Starting Wednesday, riders in Baltimore, Boston, Chicago, Dallas, New York City, Philadelphia, and San Francisco will be able to save…
Category: ridehail
avs, Global Security News, Momenta, ridehail, Transportation, Uber
Uber’s latest autonomous vehicle partner? Chinese startup Momenta
Uber announced Friday yet another autonomous vehicle partnership as it leverages its dominant ride-hail and delivery position while relying on partners to supply the self-driving tech it isn’t building in-house. Today, the lucky startup is Chinese self-driving firm Momenta. The tie-up comes a day after Uber added Ann Arbor-based May Mobility to its roster of…
autonomous vehicles, Global Security News, May Mobility, ridehail, robotaxi, Transportation, Uber
May Mobility to launch robotaxis on Uber platform this year in Texas
Startup May Mobility plans to deploy its autonomous vehicles on the Uber platform by the end of 2025, starting in Arlington, Texas, as part of a multi-year partnership. The tie-up with Uber offers May a chance to grow beyond offering shuttles within campuses and planned communities, while Uber adds May Mobility to its growing roster…
FTC, Global Security News, Government & Policy, ridehail, Transportation, Uber, uber one
Feds accuse Uber of charging customers for subscriptions without consent
The Federal Trade Commission filed a lawsuit Monday against Uber, alleging the ride-hail and delivery giant charged customers for its Uber One subscription service without their consent. The lawsuit also claims Uber failed to deliver the savings promised in its subscription service and made it unreasonably difficult for users to cancel despite its “cancel anytime”…
Europe, freenow, Global Security News, Mergers and Acquisitions, ridehail, Transportation
Lyft to buy taxi app FREENOW for $197M to enter Europe
Ride-hailing giant Lyft said it has agreed to acquire FREENOW, a German multi-mobility app with ride-hail at its core, from BMW and Mercedes-Benz Mobility for about $197 million in cash. The acquisition opens up the European market to Lyft for the first time. The company has only operated in the U.S. and Canada since it…
Asia Pacific, Fundraising, Global Security News, ridehail, robotaxi, Transportation
Didi reportedly seeking funds for self-driving unit at $5B valuation
Chinese ride-hail firm Didi is on the hunt for fresh funds for its autonomous vehicle technology unit that could value it at $5 billion, according to Bloomberg News. Investor interest in self-driving cars is high in China on the backs of IPOs from WeRide and Pony AI, which have a market capitalization of $4.7 billion…
fetii, Fundraising, Global IT News, Global Security News, Mark Cuban, ridehail, Startups, Transportation, Y Combinator
Fetii’s group rideshare app for young people attracts funding from Mark Cuban, YC
When he was a senior studying at Texas A&M University, Matthew Iommi realized that there were no good options for transporting groups of people. Fellow college students heading out for the night together didn’t have access to on-demand rides with the same convenience, accessibility, and affordability of typical ride-hail platforms, like Uber and Lyft. “Once…