Tag: transportation

  • Uber releases Q3 financials

    Uber releases Q3 financials

    Uber Technologies Inc (NYSE:UBER) has delivered a good performance in Q3 2023, showcasing a robust recovery with a net income of $221 million. This marks a significant reversal from the net loss of $1.2 billion in Q3 2022. The company’s growth narrative is compelling, with Gross Bookings surging by 21% to $35.3 billion, indicating a…

  • Lime raises $500M and public plans

    Lime raises $500M and public plans

    The Verge reports that, Lime, the electric scooter company, has raised over $500 million in funding and confirmed plans to go public. The recent funding includes $418 million in debt financing and a $105 million loan. Unlike its rival Bird, Lime hopes to leverage its global presence and status to attract investors. The company, claiming…

  • Lyft doing pretty well with Rentals

    Lyft doing pretty well with Rentals

    Little known is Lyft doing consumer rentals much like Hertz. This play differs from Uber which chose to partner with Hertz and Sixt for their rentals. Currently Lyft Rentals is super conveniently located in Mission. Will be interesting to see how this pans out as a business. Update: Lyft has shut down their in-house rentals.

  • Uber partners with Hertz to offer 50,000 Tesla

    Uber Technologies Inc on Wednesday said it is launching a new partnership with rental car company Hertz to offer 50,000 Tesla Inc vehicles as a rental option for its ride-hail drivers by 2023. The announcement comes after Hertz on Monday said it would order 100,000 Tesla vehicles by the end of 2022, meaning that half…