Lyft – Karma

India’s Micro-Mobility Sector Poised to Take Off Post-Pandemic

Bruce Rule — Fri, 26 Jun 2020 10:00:00 +0000

Micro-mobility services in India expected to benefit in post-pandemic world. Investors have poured more than $9 billion into micro-mobility companies worldwide this year. Commuters worldwide may be hesitant to return to taking buses and trains to the office, creating an opportunity for micro-mobility and ride-sharing services. India, already the world’s largest market for two-wheeled motorized […]

The post India’s Micro-Mobility Sector Poised to Take Off Post-Pandemic appeared first on Karma.

With Austin Expansion, E-Scooter Startup Revel Gears Up for Long Haul on Short City Trips

Zoë Beery — Mon, 11 Nov 2019 22:33:25 +0000

Key Takeaway: Revel’s stability-first business model may interest investors looking for moderate gains in the growing micro-mobility sector. Electric scooter sharing startup Revel is revving up. They’ve got a thousand scooters on the streets of New York and, as of this summer, 400 in Washington, D.C. Last week, just under two years since their founding, […]

The post With Austin Expansion, E-Scooter Startup Revel Gears Up for Long Haul on Short City Trips appeared first on Karma.

Uber Seeing Daylight: Predicts Profitability After Latest, Massive Loss

James Peter Rubin — Tue, 05 Nov 2019 23:00:12 +0000

Uber Technologies Inc., which has shown it can dominate the ride-sharing industry, has yet to prove to Wall Street that it can make money, and hangs on to its ultimate unicorn status. The company reported its third-largest loss since it started reporting results two years ago, a staggering $1.2 billion hit to the bottom line. […]

The post Uber Seeing Daylight: Predicts Profitability After Latest, Massive Loss appeared first on Karma.

Uber Faces Another Ethical and Financial Challenge With Contractor Fight

Jonathan Berr — Wed, 25 Sep 2019 19:05:49 +0000

Uber has been fighting for years to keep its 3.9 million drivers classified as independent contractors, which means they are in business for themselves and ineligible for benefits. Now heavyweight California, home to the highest-paid Uber drivers, has introduced a law that may hurt the money-losing company’s finances even further California passed a law this […]

The post Uber Faces Another Ethical and Financial Challenge With Contractor Fight appeared first on Karma.

Lyft Building Services for The Blind, Boosting ‘Woke’ Image

Keshav Pandya — Tue, 09 Jul 2019 19:54:16 +0000

Lyft, trying to establish itself as the top ride sharing company leader for the disabled community, is boosting efforts to provide rides to visually-impaired riders of its autonomous cars. The No. 2 ride-hailing company after Uber has partnered with the National Federation for the Blind to test autonomous cars in Las Vegas equipped with Braille […]

The post Lyft Building Services for The Blind, Boosting ‘Woke’ Image appeared first on Karma.

Xooox, British Ridesharing Startup, Offers An Ethical Alternative To Uber

James O'Malley — Tue, 09 Jul 2019 17:24:04 +0000

Uber has grown in a decade to become the world’s largest ride-hailing company, with a market cap of $74 billion, and handling 14 million rides a day — about the same as driving around everyone in Bulgaria and Laos. Controversy has dogged Uber, from crime, to complaints of driver exploitation, to tangles with regulators and […]

The post Xooox, British Ridesharing Startup, Offers An Ethical Alternative To Uber appeared first on Karma.

Taiwan’s Gogoro’s Headwinds May Rise Even with New Scooter Platform

Keshav Pandya — Fri, 05 Jul 2019 21:14:46 +0000

Taiwan’s Gogoro unveiled its electric scooter rideshare app, as it seeks to keep its position as the country’s leader amid intensifying competition from larger competitors and overall weakness in the market. Called GoShare, the platform coordinates Gogoro’s network of seated scooters with AI-based support that integrates battery-swapping, payment and reservations. While single passenger-standing scooter leaders […]

The post Taiwan’s Gogoro’s Headwinds May Rise Even with New Scooter Platform appeared first on Karma.

Waymo Ahead of Robotaxi Competitors, But Road is Long

Keshav Pandya — Thu, 04 Jul 2019 13:00:20 +0000

Waymo pulled ahead in the robotaxi field with California allowing it to ferry passengers in its robot-controlled taxis. Still, the Alphabet unit has enough regulatory and safety hurdles to leap to push broad uptake of its autonomous cars remains years into the future. The self-driving company logged four million miles in 2018 on public roads […]

The post Waymo Ahead of Robotaxi Competitors, But Road is Long appeared first on Karma.

Uber, Lyft Target The Unhip: Medicare Patients Need Rides to Appointments

Anastasia Ustinova — Fri, 21 Jun 2019 18:24:03 +0000

Uber and rival Lyft have set their sights on a not-so-hip crowd — elderly passengers needing a ride to a medical appointment. The ride-hailing companies popular with millennials are making deeper inroads into the healthcare industry with promises to cut costs for providers and trim the amount of missed appointments on the part of patients. […]

The post Uber, Lyft Target The Unhip: Medicare Patients Need Rides to Appointments appeared first on Karma.

Ride-Sharing: Who Will Define the Future of Transport?

Daria Solovieva — Fri, 29 Mar 2019 11:04:18 +0000

Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see. More than a century ago, Ford Motor Co.’s automobile assembly lines were the cutting edge of American innovation. Now, the carmaker’s recent round of layoffs is emblematic of the decline of traditional automakers and their growing challenges. One hundred years […]

The post Ride-Sharing: Who Will Define the Future of Transport? appeared first on Karma.