Tag "Uber"

Uber gets into bike-sharing business with Jump

By : CIOL Writers

Uber is buying New York-based electric-bike startup Jump Bikes that operates in 40 US cities. In a blog post, Uber chief executive Dara Khosrowshahi said that the company had reached a deal to acquire Jump adding bike sharing to its transportation options. “We’re committed

Uber-Grab merger under investigation on competition grounds

By : CIOL Writers

The Competition Commission of Singapore (CCS) is investigating the Uber-Grab merger deal and has proposed interim measures that will require Uber and Grab to maintain their pre-transaction independent pricing. The commission also directed Grab to not take confidential information from Uber

Otto co-founder Lior Ron has left Uber

By : CIOL Writers

Lior Ron, who co-founded self-driving truck startup Otto, has left the company a little less than two years after Uber acquired his startup. Ron, who along with Anthony Levandowski sold Otto to Uber in 2016, six months after leaving Google, was

Uber won’t re-apply for self-driving car permit in California

By : CIOL Writers

In the wake of Arizona’s fatal crash that killed a pedestrian, Uber has decided against renewing its self-driving car permit in California that expires on March 31. Uber said it withdrew its California application because it wouldn’t have been able to

Uber banned from testing self-driving cars in Arizona

By : CIOL Writers

Uber, the world’s largest ride-hailing firm has been barred from testing its self-driving cars in Arizona following the fatal crash that killed a pedestrian while she was crossing the street. Arizona Governor Doug Ducey released a letter sent to Uber

Another retreat for Uber as it sells Southeast Asian biz to Grab

By : CIOL Writers

Uber has agreed to sell its Southeast Asia business to Singapore-based regional rival Grab, marking another retreat for the US company from international operations. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food

Apple’s autonomous cars outnumber Waymo and Uber in California

By : CIOL Writers

Barely days after one of Uber’s autonomous vehicles killed a pedestrian in Arizona, a new report claims that Apple has significantly increased the number of test vehicles in California. Apple has almost doubled its fleet of autonomous cars in California, as per

Toyota halts self-driving tests in the US after Uber accident

By : CIOL Writers

Toyota has halted its self-driving car tests in the US after an Uber self-driving car hit a pedestrian which led to her death. The Japanese car company said on Wednesday that it would temporarily suspend testing of its ‘Chauffeur’ autonomous

Uber’s Arizona accident once again puts self-driving cars in dock

By : CIOL Writers

A self-driving Uber car killed a pedestrian in Tempe, Arizona, marking the first fatality involving a self-driving vehicle and a potential blow to the technology expected to transform transportation. In response Uber has suspended North American tests of its self-driving

Uber hires former Alexa voice shopping chief Assaf Ronen

By : CIOL Writers

Uber has hired former Amazon Alexa voice shopping chief Assaf Ronen, as reported by Recode. Ronen is set to replace Uber’s Head of product, Daniel Graf, who will remain as an advisor and help get Graf up to speed. Uber

Does Uber want to partner Waymo to supply autonomous vehicles?

By : CIOL Writers

Uber is looking to partner Waymo to supply autonomous vehicles. This news comes following Uber’s legal settlement with Alphabet’s self-driving car division last month, as well as the company’s less combative stance. According to The Information, CEO Dara Khosrowshahi and other Uber executives

Uber officially launches Uber Express Pool

By : CIOL Writers

After months of trial in San Francisco, Uber is officially launching Express Pool, its new service that gets you cheaper fares in exchange for a little walking on your part. The company’s ride algorithm will match you and the driver

Uber could be looking to sell Southeast Asia unit to Grab

By : CIOL Writers

Uber is planning to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter. The purported move mirrors an exit it pulled off in China,

Uber vs Waymo finally comes to an end

By : CIOL Writers

Uber and Waymo have finally reached a settlement in their long ugly trade secret battle. As part of the settlement, Google’s parent company Alphabet gets $245 million in Uber equity and Waymo gets to keep tabs on Uber’s self-driving car program.

Uber launches dockless, ebike-sharing service called Uber Bike

By : CIOL Writers

Uber has announced its new venture for users in San Fransisco. The company has launched a dockless, electric bike-sharing service named Uber Bike in partnership with New York City-based e-bike company called Jump. Jump’s contract with the San Francisco Municipal Transportation

Uber sells Xchange Leasing unit to Fair.com

By : CIOL Writers

Ride-hailing firm Uber has sold its car-leasing unit Xchange Leasing to digital car marketplace Fair.com. However, the financial details of the deal were not disclosed. Fair has formed a partnership with Uber in which it will be the exclusive long-term vehicle

Ola kickstarts international expansion with Australia

By : CIOL Writers

India’s local cab-aggregator, Ola is taking its first step towards international expansion, starting with Australia. Ola, which counts Didi as an investor, announced today that it will soon begin inviting private vehicle owners and driver partners to work with it in the cities of

Judge dismisses Benchmark’s lawsuit against Travis Kalanick

By : CIOL Writers

A judge dismissed investment firm Benchmark’s lawsuit against former Uber CEO Travis Kalanick, bringing an end to one of the biggest VC-founder battles. Benchmark was responsible for Kalanick’s ouster from Uber. The venture firm and early investor in Uber filed

Skeletons continue to fall out from Uber’s closet

By : CIOL Writers

Uber’s tryst with controversies is far from over. After a report in Bloomberg that alleged that Uber had a secret tool to remotely lock down equipment in the company’s foreign offices to thwart any raids from the local authorities, the

Uber to relaunch auto service in India to take on Ola

By : CIOL Writers

Uber is re-launching its ‘AUTO’ service in India, almost two years after shutting down the offering in March 2016, starting with Bangalore and Pune. Uber’s arch-rival Ola already offers auto service through its app which is currently operational across 73 cities