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