ride-sharing

Getaround, the car sharing marketplace, seeks to raise an estimated $201.5 million in Series D extension funding, Pitchbook is reporting. This would bring its valuation to $1.702 billion, up from the $840 million valuation it reached last year. A spokesperson from Getaround declined to confirm the...

Ride-hailing investors saw their holdings fall Tuesday to the lowest level ever, led by Lyft Inc (NASDAQ: LYFT), whose stock dropped more than 7%, while Uber Technologies Inc (NYSE: UBER)'s stock fell close to 6%. What Happened Uber, the larger of the two ride-hailing companies, hit an all-time...

The kids' ride sharing service Kango scored $3.6 million in Series A, the company announced. National Express, a transportation firm that operates a fleet of more than 25,000 vehicles and serves 600 school districts in 30 states, led the round. As part of the agreement, David A. Duke, CEO emeritus...

Hailing an Uber Technologies (NYSE: UBER) or LYFT Inc (NASDAQ: LYFT) at the Portland International Airport can be a huge headache, with ride-hailing services making 400 pickups an hour during peak travel times. Travelers have to navigate a crowded and chaotic scene and can wait up to 30 minutes...

Highlighting another challenge for Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) amid the two companies' lackluster initial public offerings of stock, a study that scraped data from the application programming interface (API) for both ride-hailing outfits found they...

Concerns about profitability in the ride-sharing sector are overblown, public-private partnerships are on the rise and transit and commuting platforms are the future, said several investors in a wide-ranging discussion about urban mobility. "The fundamental question is ‘do the...

Zūm, a ride-sharing service for children, today announced it secured additional funding from new investor Citi Ventures to help double its national footprint by 2020, starting with newly available service in Dallas, Texas. Zūm offers a fleet of cars and vans to handle daily student commuting,...

LYFT Inc. (NASDAQ: LYFT) shares have dropped in price since the ride-hailing company's IPO, making the stock one of the most attractive on the market, Credit Suisse said in a bullish initiation Tuesday.  The Analyst Credit Suisse analyst Stephen Ju initiated coverage of Lyft with an...

Uber Technologies Inc. has confirmed reports that surfaced on March 24 about its acquisition of Middle East on-demand cab hailing rival Careem for $3.1 billion, signaling its market domination in the region, and right in time for its initial public offering (IPO), which is expected this year. In a...

In a surprising move during the run-up to its initial public offering (IPO), Uber is reportedly in talks with its Middle Eastern on-demand cab hailing rival Careem to buy it for $3.1 billion, in a deal that is expected to be finalized early this week. Careem, which broke into the unicorn-club (...

Good day, Last year, the Supreme Court gave out a verdict that has sweeping ramifications for taxi-hailing companies like Uber and Lyft. The Supreme Court decision would make it a lot harder for on-demand hailing companies to label their workers as independent contractors (as is the norm right now...

Tesla Inc (NASDAQ: TSLA) has been developing its autonomous driving technology for years, but one Wall Street analyst estimates the value of Tesla’s Mobility unit at just 10 percent that of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) autonomous vehicle subsidiary Waymo. The Analyst Morgan...

Tesla Inc (NASDAQ: TSLA) is still ironing out the kinks in its Model 3 production, but at least one observer says one of the company’s biggest long-term opportunities has nothing to do with selling cars. The chance of Tesla operating its own fleet of self-driving ride-sharing vehicles by 2023...

Chinese ride-hailing service Didi Chuxing, which offers commuting options for 450 million users across 400 Chinese cities, recently completed a new round of financing and raised $4 billion. The Analyst Morgan Stanley analyst Adam Jonas termed the Chinese ride-hailing company, an Uber competitor...

Last week, a deal was confirmed between the ride-hailing service Lyft and autonomous car company Waymo (parent company, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)). While the companies are keeping hush on details, each offered statements confirming the deal. “We’re looking forward to...