ridehailing
Lyft takes $135.7 million hit on Argo AI shutdown
Ride-hailing company Lyft lost $135.7 million in the third quarter due to the shutdown of autonomous vehicle company Argo AI, in which Lyft had a small stake. Late last month, Argo AI closed its doors
Uber to sunset free loyalty program in favor of subscription membership
Ride-hailing giant Uber is shutting down its free loyalty program, Uber Rewards, so it can focus on its subscription-based Uber One membership. Uber first launched the rewards program in 2018 as a sor
Robotaxi rivals Pony and WeRide join Chinese ride-hailing service OnTime’s $153M round
This is an interesting day when we see two of China’s major robotaxi foes come together, offering a clue to how the industry is evolving in the country. WeRide.ai and Pony.ai, which both operate
Gett raises $115M for its on-demand ride-hailing platform for business users
As ride-hailing companies like Uber and Lyft continue to find their feet in a new landscape for transportation services — where unessential travel is being actively discouraged in many markets a
Ousta is driving ride-hailing expansion in Egypt
With its major cities congested with traffic -- taxi cabs, public transports and, lately, ride-hailing and ride-sharing apps -- Egypt apparently still needs more when it comes to transportation. Cater