ride-sharing
Lyft’s revenue growth masks active riders slippage
U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts’ exp
Via raises $130M to expand on-demand shuttle software business
On-demand shuttle and software company Via has raised another $130 million, capital that has pushed its valuation to about $3.3 billion as demand from cities to update its legacy transit systems rises
Cities have a new planning tool to fold ride-sharing into public transit systems
Via is launching a new product designed to help cities plan how on-demand rides and fixed route transit, like buses and subways, can work together. This is the first time since Via acquired startup Re
Zūm CEO Ritu Narayan explains why equity and accessibility works for mobility services
Getting children to school safely is a challenge nearly as old as public education. But rarely have entrepreneurs tackled the problem of updating and optimizing one of our largest transit systems.
Uber for Business introduces a couple of commuting options to get to the office during the pandemic
Uber for Business, the business side of the consumer ridesharing service, has typically focused on helping companies track their Uber expenses, but during a pandemic, needs have changed. It’s no
Grab hires Peter Oey as its chief financial officer
Grab announced today that it has hired Peter Oey as its new chief financial officer. Prior to joining Grab, Oey was the chief financial officer at LegalZoom, an online legal services company based nea
Judge rejects Uber and Postmates’ request for an injunction against California’s gig worker law
A U.S District court judge has rejected Uber’s and Postmates’ request for a preliminary injunction against a California bill mandating how independent contractors are classified. The request w
Uber’s fatal accident tally shows low rates but excludes key numbers
Uber's U.S. Safety Report sets forth in some detail the number of fatal accidents, and the good news is that the overall rate per mile is about half the national average. But the report makes some puz
Didi Chuxing and oil giant BP team up to build electric vehicle charging infrastructure in China
Ridesharing and transportation platform Didi Chuxing announced today that it has formed a joint venture with BP, the British gas, oil and energy company, to build electric-vehicle charging infrastruct
Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services
Didi Chuxing announced today that it has received from Toyota Motor Corporation new investment totaling $600 million. As part of the deal, the two companies will also set up a joint venture with GAC T
Lyft adds more safety features, including in-app emergency assistance, reminders to check the plate
Earlier this spring, both Uber and Lyft introduced new safety features and policies following the death of a university student who was kidnapped and murdered after getting into a vehicle she believed
Decolonization and intersectionality in tech, with Chanda Prescod-Weinstein
Chanda Prescod-Weinstein is Assistant Professor of Physics and Astronomy and a Core Faculty Member in Women’s Studies at the University of New Hampshire. She is the lead “axion wrangler”
‘This is Your Life in Silicon Valley’: NYT’s Mike Isaac discusses his upcoming Uber book, Leaks from Facebook and More
Welcome to this week’s transcribed edition of This is Your Life in Silicon Valley. We’re running an experiment for Extra Crunch members that puts This is Your Life in Silicon Valley in words – s
Talk Lyft’s stock market debut with TechCrunch writers
After much anticipation, Lyft stock hit the public markets last week, with a nearly 10% pop on its first day of trading. However, concerns over the company’s lofty valuation, deep losses and uncer
Lyft pops 21% on its first day of trading on Nasdaq after raising $2.2B in its IPO at a $24B valuation
Ride-hailing startup Lyft may bear the distinction of having highest net loss of any maiden public company ever going public, but despite that, it made its debut in a high gear this morning. Trading
Lyft sets $62-68 price range for its IPO to raise up to $2.1B, will trade as LYFT on Nasdaq
Ridesharing startup Lyft, as expected, announced this morning that it is kicking off the roadshow for its IPO — setting the clock ticking for its IPO likely in the next two weeks. Around that,
Lyft is launching a rider loyalty program in December
Ridesharing service Lyft is today announcing its new plan to encourage repeat use: the launch of Lyft Rewards, a loyalty program for riders. The program, which will begin rolling out next month to sel
Ola raises $50M at a $4.3B valuation from two Chinese funds
Ola, the arch-rival of Uber in India, has raised $50 million at a valuation of about $4.3 billion from Sailing Capital, a Hong Kong-based private equity firm, and the China-Eurasian Economic Cooperati
Uber appoints Coca-Cola veteran Rebecca Messina as its chief marketing officer
Uber announced today that it has hired Coca-Cola veteran Rebecca Messina to serve as its chief marketing officer. Messina is the first person to hold that title at Uber and will work with its internat
Rideshare companies offered New York $100M to drop proposed regulations
Lyft, Uber and Via yesterday made an offer to succor New York City's beleaguered taxi medallion owners: a $100M relief fund paid over five years to cover the plight of these poor souls. But the city,