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Uber IPO: Company prices initial offerings conservatively to raise $8.1 bn
Fri, May 10, 2019
Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range, raising $8.1 billion, two people familiar with the matter said.
Lyft gives up debut gains in second day of trading
Tue, Apr 02, 2019
Shares of ride-hailing company Lyft Inc crashed below their initial public offering price in just their second day of trading on Monday, matching the speed at which Facebook Inc gave up its IPO price after a rocky debut nearly seven years ago.
Lyft to launch road show for up to $2 billion IPO
Mon, Mar 18, 2019
Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter.
Walmart's online grocery delivery partnerships with Uber, Lyft fail to take off
Tue, May 08, 2018
he end of the Walmart partnerships, which has not been previously reported and was confirmed by Walmart and Uber, undercuts a vision the ride-hailing companies laid out: a service that can efficiently deliver anything on-demand, including people and cargo, at the touch of a smartphone app. "It is incredibly hard to deliver people and packages together," said a source with a delivery company that works with Walmart and has direct knowledge of the matter. "They are two completely different business models."
JLR partners with Lyft for self-driving cars; invests $25 million in ride-hailing firm
Mon, Jun 12, 2017
JLR joins several other automobile companies that are partnering with ride-hailing companies in the development of autonomous driving cars today.
Uber rival Lyft looks to raise $500 million fresh funds
Thu, Mar 02, 2017
Lyft's fundraising efforts have been ongoing for months, and the company retained Qatalyst Partners in part to assist them in raising a fresh round of cash.
Battle in China became global, says Uber's CEO Travis Kalanick on exit from country
Sat, Dec 17, 2016
Months after selling its stake in China, Uber CEO Travis Kalanick on Friday said it sold its stake to rival Didi since the "battle in China became global", prompting the US-based company to focus on other areas such as Ubereats, driverless cars and markets like India.
BMW seeks to be 'coolest' ride-hailing firm with autonomous car
Mon, Dec 05, 2016
BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber, which have spent billions on pay-per-use personal transport.
Is General Motors looking to tie-up with Ola to revive sales in India?
Mon, Oct 17, 2016
In US, GM in January announced a $500 million (nearly Rs 3,326.38 crore) investment in Lyft, with plans down the road to develop an on-demand network of self-driving cars.
India's ride-hailing app Ola to announce joint initiative with Mahindra
Wed, Sep 07, 2016
Indian ride-hailing firm Ola and the country's top utility vehicle maker Mahindra and Mahindra are set to announce a joint initiative on Thursday, according to an invitation sent to the media.
Did Apple just buy stake in Ola?
Sat, May 14, 2016
This means that with its $1 billion investment in Didi, Apple has indirectly entered the Indian app-based taxi hailing market and now owns a part of Ola.
Google, Ford, Uber plan to form coalition to further self-driving cars
Wed, Apr 27, 2016
The group said in a statement it will "work with lawmakers, regulators, and the public to realise the safety and societal benefits of self-driving vehicles."
Uber, Lyft hit Los Angeles taxi industry hard
Fri, Apr 15, 2016
"The trips now taken by Uber, Lyft and other types of transportation network company services would likely have the greatest impact on the dispatched taxicab services and other private client taxi orders," it added.