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Ride-Hailing Startup Lyft Files Confidential Paperwork for a 2019 IPO

Ride-Hailing Startup Lyft Files Confidential Paperwork for a 2019 IPO

The second biggest U.S. ride-hailing startup Lyft Inc. has filed confidential paperwork for an IPO, indicating its plans to go public in 2019. Lyft would be the first company to allow investors to buy into the rapidly growing ride-hailing industry.

Eric Walz2018-12-06 12:11 PT

Waymo’s Commerical Driverless Taxi Service Launches in Arizona

Waymo’s Commerical Driverless Taxi Service Launches in Arizona

Waymo made some history today by launching the first ever commercial driverless shuttle service in Arizona.The service is called Waymo One and riders can use the company’s smartphone app to summon a ride in one of Waymo’s driverless Chrysler Pacifica minivans.

Eric Walz2018-12-05 11:56 PT

Waymo to Launch its Driverless Car Service Next Month to Challenge Uber & Lyft

Waymo to Launch its Driverless Car Service Next Month to Challenge Uber & Lyft

Waymo is preparing to launch a commercial ride-hailing service in Arizona next month to rival Uber. For its new service, Waymo has plans to acquire up to 62,000 plug-in hybrid Pacifica minivans and 20,000 fully-electric Jaguar I-Pace SUVs to build out its commercial fleet over the next few years.

Eric Walz2018-11-13 16:55 PT

Hyundai Investing Another $250 Million in Singapore-based Grab to Promote EVs

Hyundai Investing Another $250 Million in Singapore-based Grab to Promote EVs

Hyundai Motor Group and Grab Holdings Inc. (Grab), one of Southeast Asia’s largest mobile platforms, announced an agreement in which Hyundai Motor Company and Kia will invest an additional $250 million into Grab and establish a partnership to promote EV programs across Southeast Asia.

Eric Walz2018-11-07 11:42 PT

Lyft Hits Major Milestone, Completes 1 Billion Trips

Lyft Hits Major Milestone, Completes 1 Billion Trips

While that’s a good marker for Lyft, the ride-hailing company still lags behind Uber, its main rival, which surpassed 10 billion trips earlier this July.

Vineeth Joel Patel2018-09-24 08:00 PT

Uber in Talks to Buy Dubai-based Ride-Hailing Rival Careem for Around $2 Billion

Uber in Talks to Buy Dubai-based Ride-Hailing Rival Careem for Around $2 Billion

Ride-hailing company Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for around $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter.

FutureCar Staff 2018-09-17 13:09 PT

Aptiv Reaches Milestone of 5,000 Public Trips in its Self-Driving Cars

Aptiv Reaches Milestone of 5,000 Public Trips in its Self-Driving Cars

Since January, thousands of local residents and tourists in Las Vegas have taken a ride in one of Aptiv’s self-driving BMW’s operating on Lyft’s platform and the company just announced the completion of its 5,000th trip on the Las Vegas strip.

Eric Walz2018-08-22 16:11 PT

Car-Sharing Platform Getaround Raises $300 Million in Latest Funding Round

Car-Sharing Platform Getaround Raises $300 Million in Latest Funding Round

Uber made is easy for anyone with the company’s app to summon a ride on-demand, making it possible to forgo personal car ownership in many cities. A relatively new startup called Getaround, expands transportation options even further, with it peer-to-peer vehicle sharing service that let people rent their cars to strangers. The company secured significant new funding to expand its services to additional U.S. cities.

Eric Walz2018-08-21 12:18 PT

New York City Votes to Limit the Number of Uber & Lyft Vehicles

New York City Votes to Limit the Number of Uber & Lyft Vehicles

On Wednesday, New York became the first major American city to limit the number of for-hire drivers. The city council voted to halt new vehicle licenses for ride-hailing services and establish minimum pay rules for drivers. New York will cap the growth of the services for one year, while the city studies the booming ride-hailing industry.

Paul Young2018-08-09 17:32 PT

Didi Investing $1 Billion Into its Auto Service Platform

Didi Investing $1 Billion Into its Auto Service Platform

Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business as the company ramps up to a widely anticipated initial public offering (IPO).

Paul Young2018-08-06 16:26 PT

Avis to Provide Rental Cars to Lyft Drivers

Avis to Provide Rental Cars to Lyft Drivers

The emergence of ride-hailing services such as Uber and Lyft are expected to lead to a decline in personal car ownership, as rides can be summoned with a smartphone as needed. As more people opt for transportation on-demand, car rental company Avis is looking to put its own fleet to work—by renting vehicles to Lyft drivers that would normally be sitting idle in a parking lot.

Eric Walz2018-08-06 12:20 PT

New York City Looking to Cap the Number of Uber & Lyft Vehicles

New York City Looking to Cap the Number of Uber & Lyft Vehicles

New York City officials are moving to limit the number of vehicles driving for Uber and other ride-hailing services as part of an aggressive move to address the worsening congestion. If the legislation is passed, New York will become the first major U.S. city to set a limits on the number of ride-hailing vehicles allowed to operate.

Eric Walz2018-07-27 12:40 PT

SoftBank & China’s Didi to Launch Taxi-Hailing Platform In Japan

SoftBank & China’s Didi to Launch Taxi-Hailing Platform In Japan

Didi Chuxing, the Chinese ride-hailing giant and transportation company, has teamed up with investor SoftBank to launch a taxi-hailing platform in Japan, ahead of the 2020 Tokyo Olympics. The service would help to serve the many Chinese citizens planning to travel to Tokyo to attend the Olympic Games.

Eric Walz2018-07-20 13:05 PT

Uber Paying Drivers More to Use EVs in New Pilot Program

Uber Paying Drivers More to Use EVs in New Pilot Program

Uber is encouraging its driver partners to adopt electric vehicles. The company launched a new pilot with a important incentive for its drivers to use electric vehicles—higher pay.

Eric Walz2018-06-19 16:22 PT

Toyota to Invest $1 Billion in Singapore-Based Ride-Hailing Company Grab

Toyota to Invest $1 Billion in Singapore-Based Ride-Hailing Company Grab

Toyota is investing $1 billion in Singapore’s Grab Holdings Inc., valuing the Southeast Asia’s largest ride-hailing service at just over $10 billion.

Paul Young2018-06-13 13:59 PT

Ford & Zotye to Provide Smart Mobility Solutions for China’s Growing Ride-Hailing Market

Ford & Zotye to Provide Smart Mobility Solutions for China’s Growing Ride-Hailing Market

Ford Smart Mobility, the automaker’s subsidiary formed to design, build and invest in emerging mobility services, and China’s Zotye Auto have signed a memorandum of understanding (MOU) to establish an electric vehicle solutions joint venture (JV) for China’s rapidly growing ride-hailing market.

Eric Walz2018-05-07 14:01 PT

VW in Talks to Manage Didi Chuxing Ride-Hailing Fleet of 100,000 Cars

VW in Talks to Manage Didi Chuxing Ride-Hailing Fleet of 100,000 Cars

Volkswagen AG the world’s largest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” autonomous vehicles for Didi’s ride-hailing services.

Eric Walz2018-04-30 14:00 PT

California Proposes New Rules to Allow Self-Driving Cars to Pick Up Passengers

California Proposes New Rules to Allow Self-Driving Cars to Pick Up Passengers

California’s public utility regulator signaled on Friday it would allow self-driving car companies to transport passengers without a backup driver in the vehicle, a big step forward for autonomous car developers as the industry faces heightened scrutiny over safety concerns.

Derrick Smith2018-04-09 16:33 PT

Uber Gives Up in Southeast Asia, Sells its Services to Rival Grab

Uber Gives Up in Southeast Asia, Sells its Services to Rival Grab

Uber’s attempt at global expansion has taken another hit. The company announced that it is selling its ride-hailing services there to rival Grab.

Eric Walz2018-03-26 13:03 PT

Lyft to Test its Self-Driving Cars at California’s GoMentum Station

Lyft to Test its Self-Driving Cars at California’s GoMentum Station

Lyft is joining the growing list of major automakers and tech companies working on autonomous driving and related technology at California’s GoMentum Station, the sprawling, former military base in Concord, California.

Eric Walz2018-03-08 15:27 PT

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