Shares of Uber Technologies (NYSE: UBER) skyrocketed this week, reaching an all-time high. This surge comes after Tesla’s much-anticipated robotaxi unveiling, a highly publicized event that ultimately failed to live up to expectations, leaving investors disappointed and pushing Tesla shares into the red. Analysts suggest that the market’s reaction signals confidence in Uber’s future, even […]
American ride hailing company Uber Technologies has signed a memorandum of understanding (MoU) with Tata Motors to bring 25,000 electric vehicles (EVs) onto its platform as part of its efforts to advance sustainable mobility in India. The deal is said to be the largest EV commitment to date by an automobile manufacturer and a ridesharing […]
Uber Technologies has agreed to acquire US-based on-demand alcohol marketplace Drizly in a stock-cum-cash deal worth around $1.1 billion. Drizly operates in 1,400 plus cities across a majority of states in the US. By working with thousands of local merchants, the alcohol delivery service is claimed to offer consumers a selection of beer, wine, and […]
Ridesharing company Uber Technologies has agreed to acquire a majority stake in Cornershop, a Chilean online grocery company for an undisclosed price, as per the latest retail acquisition news. In addition to Chile, Cornershop provides its online grocery delivery services in Mexico, and more recently in Peru and Toronto in Canada. Headquartered in Santiago, the […]
Uber ComfortDelGro deal : ComfortDelGro Corporation has agreed to buy a stake of 51% in Lion City, a Singapore car rental company in a deal worth S$642 million ($474.6 million) according to the latest transport industry news. Lion City is a wholly owned subsidiary of US-based ride hailing company Uber Technologies while ComfortDelGro is a […]
Transport industry news : Ride hailing company Uber Technologies intends to go forward with a deal that will see Japanese technology conglomerate SoftBank Group Corporation as a major investor, reports Reuters. In this regard, the San Franciso-based local transportation technology company will reveal the pricing next week in formal tender offers to its investors. Uber […]
Uber ban in London : In a massive blow to US-based Uber, the taxi services company’s five-year operating license in London will not be renewed after this month as it has been deemed to be unfit by the Transport for London (TfL). The decision from the Greater London transport regulator puts the future of 40,000 […]