ride-hailing apps
Indian ride-hailing giant Ola cuts 180 jobs in profitability push
India’s Ola has let go its chief executive, Hemant Bakshi, just four months after appointing him to the post, and is cutting about 180 jobs.
Europe’s Bolt expands to Nepal with ride-hailing service
European startup Bolt is expanding to Nepal and launching its ride-hailing service in the country. The company’s previous market expansion was its launch in Thailand in 2020. On Wednesday, Bolt…
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…
SafeBoda bets on super app to boost recovery from pandemic slump
Powered by 25,000 motorcycle taxis at the start of 2020, SafeBoda was at its peak, ferrying thousands of pillion passengers in cities across Uganda and Nigeria. And then the COVID…
Didi expands, inDriver monetizes to rival Uber, Bolt in Africa
The on-demand transport space in Africa has evolved since San Francisco-based ride-hailing firm Uber first set up operations in South Africa in 2013, setting the stage for its foray across…
Geely’s ride-hailing unit Cao Cao Mobility raises $589M Series B to upgrade tech and expand fleet
Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely Automobile Holdings, has announced a $589 million (RMB 3.8 billion) Series B raise that the company says will help it…
Featured Article
Profitability expectations ding Lyft despite better-than-expected growth
Hello and welcome back to our regular look at private companies, public markets and the gray space in between. This afternoon we’re digging into Lyft’s earnings results, unpacking the company’s performance, the market’s expectations and why shares in the American ride-hailing giant are off in after-hours trading. Lyft’s earnings —…
The government of Rwanda will soon issue national policy guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos. The country’s president, Paul Kagame, previewed the plan…
Startups BRCK and Swvl partner on free Wi-Fi for Kenyan ride-hail buses
Nairobi-based internet hardware and service startup BRCK and Egyptian ride-hail venture Swvl are partnering to bring Wi-Fi and online entertainment to on-demand bus service in Kenya. BRCK will install its…
Lyft pops 21% on its first day of trading on Nasdaq after raising $2.2B in its IPO at a $24B valuation
Ride-hailing startup Lyft may bear the distinction of having highest net loss of any maiden public company ever going public, but despite that, it made its debut in a high gear…
Uber CEO to meet London transport chief after license loss
Uber’s new CEO Dara Khosrowshahi will go to London to meet with the city’s transport commissioner following the regulator’s decision to withdraw licensing.
Uber only has itself to blame for London license loss
The tech industry’s over-processed supply of irony might not be enough to service all the ramifications of Uber being stripped of its London license by the city’s transport regulator.
NYC passes tipping option rule that applies to ride-hailing apps
The New York City Taxi and Limousine Commission (TLC) passed a proposed rule on Wednesday requiring that all for-hire vehicle drivers be provided a way to receive tips, including ride-hailing…
How Uber is growth hacking in Spain despite regulatory roadblocks
Taxi drivers in Spain are protesting against ride-hailing apps Uber and Cabify today, holding strikes in multiple cities and a protest march in the capital. Early reports suggest 20,000 protestors…
