Uber might begin selling its autonomous driving systems to outside companies, including major automakers, according to a new report from Japan’s Nikkei. The report claims that Uber has had talks with Toyota regarding supplying the automaker with self-driving tech, and that the two are currently in negotiations around how this would work, with talk of […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week Katie Roof and I were joined by Mayfield Fund’s Navin Chaddha, an investor with early connections with Lyft to talk about, well, Lyft — as well as two bombshell news events in the form of an SEC fine for […]
Lyft is testing a monthly subscription plan for people who tend to take a lot of rides, The Verge first reported. This is no surprise, given Lyft CEO and co-founder Logan Green said earlier this week Lyft would like to achieve in transportation what Netflix achieved in streaming media with subscriptions. There seems to be […]
Lyft is partnering with Magna, one of the largest tier-one automotive industry suppliers in the world, on autonomous vehicle technology. Lyft CEO and co-founder Logan Green explained that this will help them get their self-driving tech into various automaker vehicles around the world. Lyft will be working directly with Magna on “co-developing” an autonomous driving system, […]
Disability Rights Advocates, on behalf of the Independent Living Resource Center and two people who use wheelchairs, filed a class-action lawsuit today against Lyft. The plaintiffs allege the ride-hailing company discriminates against people who use wheelchairs by not making available wheelchair-accessible cars in the San Francisco Bay Area.
The case, filed in Alameda County Superior Court… Read More
Shares of Saudi Arabia’s Kingdom Holding, an international investment company controlled by Prince Alwaleed Bin Talal, soared in January when he was freed after two months of being held captive at a Ritz Carlton in Riyadh, Saudi Arabia. Turns out investors may have celebrated too soon. As people following the story may recall, Prince Alwaleed was arrested in early November with… Read More
Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S. and riding some very bad news from its primary rival, Uber. That’s helped it grow revenue to more than $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced Uber’s by 2.75x, lifted (get it?) 168 percent year-over-year, versus… Read More
“It feels like investing in Uber when it first launched.”
That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s plans.
Bird, which has become a… Read More
In the wake of Uber’s entry into the healthcare transportation market, Lyft wants to remind people that’s a space it’s been working at for years, with partnerships across brokers of non-emergency medical transportation that cover nine of the top 10 health care systems in the U.S. It’s adding Allscripts today, and already counts Blue Cross Blue Shield, Ascension and… Read More
Ride-hailing giants Uber and Lyft are delivering pitiful levels of take-home pay to the hundreds of thousands of US independent contractors providing their own vehicles and driving skills to deliver the core service, according to an MIT CEEPR study examining the economics of the two app platforms. The report catalyses the debate about conditions for workers on gig economy platforms, and… Read More