Uber – 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 […]

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Race for Safe, Self-Driving Cars Burns Through $16 Billion — With Little to Show

Margot Habiby — Fri, 07 Feb 2020 01:58:21 +0000

The quest for the self-driving car has become a money pit, with the handful of companies that invested $16 billion in recent years having little to show. Alphabet’s Waymo, General Motors’ Cruise and Uber Technologies have together put in about half the total, according to an investigation by The Information. Most of the remaining $8 […]

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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, […]

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SoftBank Curbs Excesses of Startup Founders After WeWork Debacle

Mark Shenk — Wed, 06 Nov 2019 16:27:13 +0000

SoftBank tightened the reins to curb the excesses of startup founders after the spectacular, multi-billion dollar failure of WeWork forced the tech investor to take huge losses and take a hard look at its mistakes. The Japanese bank outlined stricter guidelines and standards regarding dual-class share structures on Wednesday after reporting its first quarterly loss […]

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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. […]

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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 […]

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Safety First: Self-Driving Optimus Ride Does Not Overwhelm

Keshav Pandya — Fri, 09 Aug 2019 22:00:24 +0000

Optimus Ride marks its debut week of running New York City’s first test of a driverless shuttle, and it’s had no shortage of passengers. Riders queued up at the stop sign along a yellow-colored pavement before stepping on to the squat black and yellow bus. They were required to strap in for the 15 m.p.h. […]

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Electric Scooters May Not Deliver on Green Promises, Study Says

James Peter Rubin — Thu, 08 Aug 2019 19:00:04 +0000

Critics have called electric scooters a nuisance and safety risk; New York bans them. Still they grow, with promises of green urban transport and backing from companies like Uber. Now a North Carolina State University study is throwing cold water on shared scooters’ green credentials. E-scooters generate more greenhouse gases per mile than a diesel […]

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Japan’s Flying Car Effort Pays off With NEC’s One-Minute Flight

Keshav Pandya — Mon, 05 Aug 2019 20:25:10 +0000

As one of the world’s most densely populated countries, Japan takes flying cars seriously. And having missed taking the lead on electric cars and ride-hailing services, the government is urging Japanese companies to pioneer electrical flying cars. At least one company has taken the challenge and produced results. NEC Corp. and its partner, aviation startup […]

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Amazon May be Eyeing India’s Bustling Delivery Market with Uber Unit Purchase

Natasha D'Souza — Thu, 01 Aug 2019 20:11:19 +0000

Amazon may be taking a huge step into India’s bustling food delivery market, seeking to improve its mixed record in deliveries. The largest online retailer is in talks to acquire Uber Eats’ operations in India for $300 million, according to a report by the Business Standard. The negotiations are in the “initial stages” and may […]

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