Helbiz’s deal to buy Wheels has officially gone through, and with it some promises from the shared micromobility operator to its investors that the tie up will double its annual revenue and help it reach profitability. Helbiz is hardly the only shared micromobility operator battling to achieve profitability. It’s a situation that most companies in […]
Ride-hail giant Lyft has relaunched Lyft Pink, its monthly subscription plan, at half of its previous price. At $9.99 per month or $99 per year, the new membership offers perks like free priority pickups and a discount of “at least” 5% on Preferred, Lux and XL rides, the company said Tuesday. Members will also receive […]
A group of Uber drivers in New Zealand won a landmark case Tuesday against the ride-hail company which will force Uber to treat them as employees, rather than independent contractors. New Zealand’s employment court decision only applies to four drivers who were part of a class action lawsuit filed last July, but the ruling may […]
Chinese luxury EV startup XPeng is moving forward on its plans to launch a robotaxi business. The company’s latest G9 SUV became China’s first mass-produced commercial vehicle to pass a government-led autonomous driving closed-field test, the company said Monday at its fourth annual 1024 Tech Day. When XPeng unveiled the G9 in September, the company […]
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Uber has started offering electric vehicles to customers in certain parts of the Delhi-NCR region and says it will be expanding its efforts over the coming months. The electric cabs are currently only available for pre-scheduled trips. “As the leading mobility app in India, we are committed to supporting the Indian government’s emission goals. Expect […]
General Motors unveiled Thursday an all-electric GMC Sierra Denali pickup truck, the latest model in the automaker’s march towards a global annual sales target of 1 million electric vehicles by 2025. The GMC Sierra Denali EV isn’t the first electric truck or SUV on GM’s new Ultium platform. It’s actually the brand’s third battery-electric truck, […]
When Uils launched in 2021, it was a car rental service for rideshare drivers. But after the founders realized that many rideshare drivers don’t have access to credit, particularly in Latin America, the Buenos Aires-based company pivoted to fintech, offering financial services to drivers through a behavioral scoring engine based entirely on a person’s driving […]
Commercial EV company Arrival is restructuring its business for the second time in six months as it tries to squeeze the most out of its remaining capital. The company said in a regulatory filing posted Thursday that it is shifting its focus towards the to the United States and away from the UK market, where […]
Human drivers on the Lyft platform aren’t going to be replaced by autonomous vehicles anytime soon, company co-founder and president John Zimmer told the audience today at ZebethMedia Disrupt. “I can’t imagine anytime in the next decade-plus where we would need any less drivers,” he said. While Zimmer envisions autonomous vehicles handling some percentage of […]
