Uber Technologies Inc

Grab secures US$1.46 bil in fresh capital from SoftBank Vision Fund
SINGAPORE (Mar 6): Grab Holdings Inc says it has secured US$1.46 billion ($2 billion) of fresh financing from Japan's SoftBank Group Corp to help fund its expansion. The capital raised through the nearly US$100 billion SoftBank Vision Fund brings the total amount raised by Grab in its latest funding round to more than US$4.5 billion, the ride-hailing company said in an emailed ...
Uber to appeal competition watchdog decision on Grab deal
SINGAPORE (Oct 22): Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state’s competition laws, the firm said on Monday. “Our objective is not to challenge the remedies of the decision, which are in fact almost identical to the commitments that Uber and Grab voluntarily offered to the ...
By plowing millions into Uber, Toyota eyes the future of cars
(Sept 27): Toyota Motor Corp, Asia’s biggest carmaker, is preparing for a potential future where people don’t buy cars. That’s behind the hefty investments that the company has made in ride-hailing providers, most prominently the US$1 billion ($1.36 billion) that it poured into Southeast Asian leader Grab. Toyota sees the partnership as an opportunity to get Grab to buy more of its cars ...
Uber is in early talks to buy Europe's Deliveroo
(Sept 21): Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars, according to people familiar with the plans. A bid for London-based Deliveroo, last valued at more than US$2 billion ($2.7 billion), would mark a major attempt by Uber to dominate the food-delivery business in Europe. An acquisition price is unknown. Any offer would need to ...
Ride-hailing giant Grab expects to double revenue in 2019
(Sept 6): Singapore’s Grab outlined ambitious fundraising plans and predicted that sales will double next year, adding to evidence that Southeast Asia’s most valuable startup is expanding well beyond its roots as a ride-haling app and intensifying a rivalry with Indonesia’s Go-Jek. Revenue will double from the US$1 billion ($1.37 billion) it expects in 2018 as it integrates the ...
This tiny country knows the future of driverless tech: Alex Webb
(June 1): Pilot plans to test driverless cars on city streets have so far been little more than vanity research projects. But one tiny country has put the whole autonomous vehicle industry on a track to make money in real life. Automakers, tech firms and new entrants the world over have spent the past few weeks racing to meet Thursday’s deadline for a so-called Request for Information that ...
San Francisco investigating whether Uber, Lyft are public nuisances
(June 6): San Francisco has issued subpoenas to Uber Technologies Inc and Lyft Inc for a broad scope of records on driving and business practices as part of an investigation to determine whether the ride-services companies have become a public nuisance. City Attorney Dennis Herrera said on Monday he was seeking records to investigate whether Uber and Lyft fail to adequately serve poor ...
Honda Motor invests in Grab to team up on motorcycle sharing
December (Dec 12): Honda Motor Co., the world’s largest motorcycle maker, has become a strategic investor in Grab as part of a partnership to expand the startup’s bike-hailing operations in Southeast Asia. Grab’s alliance with Honda is part of its expansion strategy for the region as it moves beyond traditional car-hailing, where it competes with Uber Technologies Inc. Grab now offers ...
Apple invests US$1 bil in Uber’s China competitor Didi
HONG Kong (May 13): Apple Inc invested US$1 billion ($1.38 billion) in Didi, the single largest investment the Chinese ride-hailing service has ever received as it battles Uber Technologies Inc. Apple will help Didi build its data-driven ride-sharing platform, as the company now completes more than 11 million rides a day and serves about 300 million users, Didi said in a statement on Friday. ...