Browsing Tag
Uber Technologies
36 posts
Uber to buy ezCater for $2.3bn as workplace meals become next delivery battleground
Uber Technologies is buying workplace catering platform ezCater for $2.3 billion in cash, adding more than $2.5 billion of trailing gross bookings and over 140,000 restaurant relationships to Uber Eats and Uber for Business.
Lucid’s 25,000-car Bolt deal turns Midsize platform into a European robotaxi bet
Bolt plans to deploy at least 25,000 autonomous vehicles based on Lucid’s upcoming Midsize platform across European cities, giving Lucid another route to monetise its software-defined architecture while the loss-making electric-vehicle company works to preserve cash.
This autonomous driving company just landed a $1.4bn valuation. Can May Mobility make the numbers work?
May Mobility plans to list on Nasdaq through a $1.4 billion combination with ACP Holdings Acquisition Corp., backed by up to $337 million of new capital for autonomous ride-hailing expansion.
Uber cuts 10% of staff despite record cash flow. Why is Dara Khosrowshahi restructuring now?
Uber Technologies is implementing a 3,300-job global restructuring that is now reaching its California engineering operations, even as bookings, profit and cash generation hit record levels and management redirects savings toward lower prices, growth and autonomous mobility.
GSM targets 1m VinFast cars as 2028 Hong Kong IPO tests asset-heavy ride-hailing model
Green and Smart Mobility plans to enter the U.S., Sweden and the Netherlands before the end of 2026 as it prepares for a Hong Kong IPO in 2028. The VinFast-linked operator also intends to acquire 1 million VinFast vehicles between 2026 and 2030, a fleet ambition equivalent to roughly 200,000 cars a year. The question is whether GSM can export the company-owned fleet model that built its Vietnamese market position without allowing capital requirements to overwhelm the economics.
Uber revenue grew 12%. Why are 3,300 jobs disappearing as robotaxi spending accelerates?
Uber Technologies is eliminating roughly 10% of its corporate workforce while quarterly revenue, bookings and profitability continue to rise, redirecting resources toward autonomous vehicles and a simpler operating structure.
Rivian (RIVN) falls 18% as $1.2bn share sale tests R2 funding case
Rivian fell 18% after pricing a 75m share sale at US$15.50. July results must prove R2 demand can outrun dilution and cash burn.
Momenta IPO seeks $751m as HKEX: 6880 tests autonomous-driving valuation
Momenta Global Limited’s Hong Kong IPO gives investors access to a fast-growing autonomous-driving software supplier, but its near-$9 billion valuation depends on licensing scale, robotaxi execution and narrower losses.
Lime wants a $1.66bn valuation, but its IPO is also a balance-sheet rescue
Lime’s proposed Nasdaq IPO could raise nearly $181 million and convert much of its debt into equity, but investors must decide whether global micromobility has finally become a durable business.
Lucid raised billions and secured an Uber deal, so why is it cutting jobs again?
Lucid Group is eliminating jobs, a factory shift and its chief operating officer role as Silvio Napoli attempts to align production with demand and preserve cash for the Gravity SUV, midsize vehicles and robotaxi partnerships.