car sharing

  • Trim personal finance bot raises $2.2 million to save you money

    Trim personal finance bot raises $2.2 million to save you money

    Ever wonder how much you spend each month on Uber? The newly released Trim chatbot will tell you in a text. Trim also helps you manage subscriptions, set up spending alerts and check your bank balance. But there is no app, only a bot that can be linked to SMS or Facebook. “Anything that you can do on your mobile banking app, you can do with trim with the exception of moving… Read More

  • Car sharing leads to reduced car ownership and emissions in cities, study finds

    Car sharing leads to reduced car ownership and emissions in cities, study finds

    Cars are one of the top contributors to greenhouse gas emissions globally, and cars in cities can be especially heavy with their contributions, owing to traffic and population density. And while encouraging everyone to bike or use public transit probably isn’t going to convince everyone to ditch car ownership, car sharing services seem to be winning more city denizens over, and a new… Read More

  • The future of car ownership that no one is talking about Crunch Network

    The future of car ownership that no one is talking about

    It has never been more clear that transformational change to one of the world’s largest industries is just around the corner. Car ownership is supposed to change — and when it does, it is predicted to be one of the most monumental displacements of wealth the world economy has ever seen. But there are a lot of conflicting opinions out there. What is unequivocal is that there’s… Read More

  • Uber for 911 transport is a horrible idea

    Uber for 911 transport is a horrible idea

    The Washington D.C. Fire and EMS Department is considering a plan to use Uber to transport low priority 911 callers, according to NBC Washington. It’s a horrible idea. Washington’s plan is to hire a team of nurses who could evaluate a caller’s condition over the phone and direct them to an Uber if they are deemed stable. Already this is odd given that the purpose of an… Read More

  • New reports confirm $1.15B leveraged loan raised by Uber at 5%

    New reports confirm $1.15B leveraged loan raised by Uber at 5%

    Two weeks ago, we reported that Uber was in talks to raise $1-2 billion in leveraged loans. The Wall Street Journal is circulating new information that the company has closed a $1.15 billion leveraged loan, with a 5 percent yield. This number comes in on the low side of our previous estimates. Last month, sources confirmed to TechCrunch that Uber had plans to raise $1-2 billion in… Read More

  • Carmaker + ridesharing roundup

    Carmaker + ridesharing roundup

    Auto manufacturers are realizing that the future of transportation is not going to be one person, one car. It’s going to be ridesharing, ridehailing and public transit — and these vehicles may not even require drivers. So most major manufacturers have made a turn toward becoming “mobility companies.” It’s been a quick turn, though. In just the first half of… Read More

  • Lyft’s latest launch is luxury

    Lyft’s latest launch is luxury

    Over the coming months, we are going to be seeing a lot more pink mustaches on Audi, BMW, and Mercedes vehicles. Today, Lyft is launching Lyft Premier. Users will be able to catch rides in luxury sedans and SUVs. Highly rated drivers with access to high-end vehicles can service rides. The cost premium for Premier rides will earn drivers additional money. Lyft will also be able to take… Read More

  • Uber adds driver safety features like break reminders, daily driving reports

    Uber adds driver safety features like break reminders, daily driving reports

    Uber has today announced new safety features for drivers within the driver-side app, including reminders to take a break when the drivers have been working for too long. These features are meant to fight against the four D’s of dangerous driving: drunk, drugged, distracted and drowsy. Across 11 pilot cities, Uber will be sending out reminders for drivers to take a break if they’ve… Read More

  • Pandora hopes you’ll listen more in an Uber

    Pandora hopes you’ll listen more in an Uber

    Uber already integrates with Spotify so riders can pick their favorite tunes to jam to on their trip, but now Pandora is teaming up with the rideshare giant to do the same — this time for drivers. It’s not clear how many riders actually use the Spotify integration but not many drivers seem to have the set up to use it. Anecdotally, one Uber driver told me he didn’t even know… Read More

  • Uber switches out surge for price transparency

    Uber switches out surge for price transparency

    No more pop-ups asking you to agree to those murky “2.1x” (or some other “x” amount) surge fares on the Uber app. Soon Uber will just tell you the price of your ride up front. Uber told TechCrunch in May it was not doing away with surge pricing and denied an NPR report mentioning it would be killing surge. However, it seems Uber is doing away with the feature. Uber… Read More

  • Uber settles on $7.5 million in background checks lawsuit

    Uber settles on $7.5 million in background checks lawsuit

    Uber faces a growing number of legal troubles these days – the latest involves a court settlement of $7.5 million for background checks. Uber has agreed to pay the $7.5 million sum to a group of San Francisco drivers alleging the company acquired consumer background reports without asking them first. Uber also agreed to pay $100 million to San Francisco and Massachusetts drivers in… Read More

  • What are leveraged loans and why does Uber want one?

    What are leveraged loans and why does Uber want one?

    Uber, fresh off $3.5 billion from the Saudi Arabia Public Investment Fund, is in talks to close another $1-2 billion in the form of leveraged loans. Over the last 24 hours, the term “leveraged loans” has been thrown around a lot, but few in the startup world have seen this term before. Read More

  • Uber in talks to close up to $2 billion in leveraged loans

    Uber in talks to close up to $2 billion in leveraged loans

    Rumors from the Wall Street Journal that Uber was in the process of finalizing terms for a $1-2 billion leveraged loan began spreading just after noon PST. This comes just two weeks after the company closed a $3.5 billion equity round from Saudi Arabia’s Public Investment Fund. If the deal goes through, it would mean the company has added $5.5 billion to it coffers in the amount of time… Read More

  • Uber and Fiat are in discussions to form a self-driving car partnership

    Uber and Fiat are in discussions to form a self-driving car partnership

    Uber and Fiat Chrysler are in talks about a partnership involving self-driving car technology, according to several reports. Bloomberg first published earlier today about a possible deal between the two companies, confirmed by Wall Street Journal sources. According to a person familiar with the matter, the discussions are in the very early stage and Uber is in conversation with a number of… Read More

  • Uber accused of wage stealing in new lawsuit from New York drivers

    Uber accused of wage stealing in new lawsuit from New York drivers

    The New York Taxi Workers Alliance (NYTWA) and 10 Uber drivers have filed a lawsuit against the company, accusing Uber of stealing wages. The group representing 5,000 Uber drivers in New York filed the new claims today and says the rideshare giant unfairly skims driver wages without offering the added protections they’d get as employees. The suit was filed in federal court… Read More

  • Bay Area Uber drivers in a worker misclassification lawsuit ask lead lawyer to step down

    Bay Area Uber drivers in a worker misclassification lawsuit ask lead lawyer to step down

    A group of angry Uber drivers say they’ve been screwed over by their own lawyers in a worker misclassification lawsuit and are asking lead attorney representing the drivers in the case, ShannonLiss-Riordan, to step down. Uber drivers filed a class-action lawsuit claiming they have been misclassified as independent contractors and should be compensated by Uber for expenses like health… Read More

  • As it expands in Africa, Uber adapts to local markets and adopts cash payments Crunch Network

    As it expands in Africa, Uber adapts to local markets and adopts cash payments

    While Uber continues its push into Africa the company is making allowances to local markets and testing unique service models users wouldn’t see in other parts of the globe. Anyone can now use the mobile app to hail a car in 12 cities across South Africa, Nigeria, Kenya, Morocco and Egypt…. And in all of those countries users can pay drivers in hard cash. Read More

  • Uber takes its most significant investment yet at $3.5 billion from Saudi Arabia

    Uber takes its most significant investment yet at $3.5 billion from Saudi Arabia

    Uber announced today it took $3.5 billion from Public Investment Fund (PIF), Saudi Arabia’s main investment fund as part of its latest round. The new investment is the largest to date for the ridesharing giant and brings the total balance of both cash and debt to more than $11 billion but doesn’t increase the company’s current $62.5 billion value. Uber rules the U.S. market… Read More

  • Uber and Toyota confirm strategic investment and auto leasing deal

    Uber and Toyota confirm strategic investment and auto leasing deal

    Rideshare wars just got even more interesting. Uber has confirmed a strategic investment and auto leasing deal from Toyota. “Toyota is a global leader in the automotive industry and Toyota vehicles are among the most popular cars on the Uber platform worldwide,” Uber said in a statement to TechCrunch. “We are proud to partner with Toyota in a variety of ways, including… Read More

  • Uber is testing a loyalty program that rewards riders with free trips

    Uber is testing a loyalty program that rewards riders with free trips

    Uber sent an email to LA riders yesterday announcing they are doing a temporary promotion that looks very much like a loyalty program. Each UberBLACK ride taken will give riders 200 points, and when they amass 3,000 total points they will be rewarded with a free $25 Uber ride. Essentially, the program is buy 15 get 1 free. While the company has tested “VIP” loyalty programs in… Read More

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