RIDE HAILING COMPANY
Ola has exited Google maps, moved to in-house navigation system: Bhavish Aggarwal
Bhavish Aggarwal, cofounder of Ola Cabs, said the company will now use its in-house navigation system, exiting Google Maps. This comes a month after Ola took its IT workload off Microsoft Azure. The ride-hailing company will add features, including street view, neural radiance fields, indoor images, 3D maps and drone maps to Ola Maps, Aggarwal said in a post on X.
Waymo robotaxi service opens to all in San Francisco
The Google-owned Waymo robotaxi service on Tuesday became available to anyone in San Francisco interested in hailing a driverless ride. Waymo One ride-hailing is now available in San Francisco, Los Angeles, and Phoenix, with plans to "ramp up" in Austin next.
EV ride-hailer BluSmart seeks $300 million to expand car fleet
BluSmart, India’s top electric cab operator, aims to raise $300 million to expand its fleet with cars from top manufacturers, targeting major cities for premium service. The company focuses on electrification and sustainability efforts in India, with plans to double revenue by 2025.
Taxi trips from Bengaluru airport via apps set to become costlier
The fee increase is happening as the agreements between cab companies Ola, Uber and BluSmart and the Bengaluru International Airport Ltd (BIAL) are up for renewal. The airport operator is paid a certain fee on every ride, as per these contracts. This charge is then passed on by the cab aggregators to their passengers as airport pickup fee.
Visa fee hike hits IT cos; Airport cab fares set to rise
Happy Friday! The hike in H-1B visa fee will hurt IT service companies severely, experts have warned. This and more in today’s ETtech Morning Dispatch.
Ride-hailing startup BluSmart to raise Rs 200 crore in new funding
BluSmart has raised nearly $24 million or Rs 200 crore in its latest funding round. In January this year, BluSmart had raised $25 million, while in 2023 it conducted funding rounds worth $66 million.
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Uber gets nod to run bus service in Delhi
Uber has received a licence from the Delhi transport department to run its bus services. This is under the Delhi government's app-based premium bus aggregator scheme notified last November which aims to encourage the upper middle class to switch to public transport. Other than India, Uber operates its shuttle product in Egypt.
Ankush Aggarwal returns to Ola Cabs; declining H-1B visas for IT staff
Happy Tuesday! Ola Cabs founder Bhavish Aggarwal’s brother Ankush is back at the ride-hailing business. More on this in today’s ETtech Morning Dispatch.
Ola Cabs brings back Ankush Aggarwal to its ride-hailing biz
Amid top-level changes at Ola Cabs, founder Bhavish Aggarwal’s brother Ankush Aggarwal has returned to the ride hailing business after a stint with electric scooter maker Ola Electric. Ankush has also been made chief executive of Ola Financial Services.
Ride-hailing app Uber ceases operations across Pakistan
Uber ceases operations in Pakistani, directing users to switch to Careem. Uber had already ceased operations in Karachi, Multan, Faisalabad, Peshawar and Islamabad in 2022.
Nalin Negi is new BharatPe CEO; Namma Yatri’s cabs play
Fintech firm BharatPe has elevated its interim CEO Nalin Negi as the company’s full-time chief executive officer. This and more in today's ETtech Top 5.
Namma Yatri launches cab services in Bengaluru, says no subscription fees till October
Chief executive Magizhan Selvan told ET that Namma Yatri is not charging a subscription fee from cab drivers for the initial few months, and plans to start charging a fee of Rs 90 per day for unlimited rides after October 1.
China's Didi swings to profit in fourth quarter
Didi Global reported net income attributable to shareholders of 818 million yuan ($113.15 million) in the three months ending Dec. 31, compared with a loss of 953 million yuan a year ago. Revenues jumped 55.4% to 49.4 billion yuan for the quarter.
Uber, Lyft drivers drop price-fixing lawsuit in California
The drivers in a filing on Wednesday said they had dismissed their case, which hit a major setback last year when a San Francisco Superior Court judge ruled that the plaintiffs would be required to arbitrate their claims individually.
Investors bet on new-age food startups; ride-hailing apps up driver incentives
New-age food startups seem to have become appetising enough for investors to pump in money. This and more in today’s ETtech Morning Dispatch.
Drivers land better incentives in a crowded ride-hailing space
Rapido has introduced a subscription fee model for its driver partners on cabs and autos, doing away with the old structure of commissions on rides, while inDrive is offering commission rates of 10-12% to its drivers in India, less than half of leading players Uber and Ola’s 25-30% commission.
No more e-bike taxis in Bengaluru as Karnataka withdraws policy citing its misuse
Karnataka, officials said, was the first state to have put out an exclusive policy to promote electric bike taxis, but the government did not find the response from platforms encouraging enough.
Adani seeks tie-up with Uber to accelerate super app, electric cars
Indian business tycoon Gautam Adani and Uber CEO Dara Khosrowshahi have discussed a strategic partnership to roll out Adani group's electric passenger cars on the ride-hailing platform. The partnership aims to increase Adani One's traction and accelerate the EV transition in India. Adani plans to purchase vehicles, brand them, and include them in Uber's fleet. The ride-hailing platform is on a journey to become a zero-emission mobility platform before 2040 and aims to replace its existing fleet with electric vehicles globally.
While Ola taps new roads, our focus still ride-hailing: Uber CEO Dara Khosrowshahi
54-year-old Dara Khosrowshahi, who steered Uber to full-year profits of $1.1 billion in 2023 globally, said Uber India was now a “self-sustaining business” and was reinvesting profits into expansion across Tier-II and III markets and other fast-growing products.
Dara Khosrowshahi hails India’s DPI as Uber inks MoU with ONDC
During a conversation with Infosys chairman Nandan Nilekani, Uber CEO Khosrowshahi called India one of the “toughest markets for Uber”, and said that for Uber, it is the gateway for the rest of the world..
Thousands of US Uber and Lyft drivers plan Valentine's Day strikes
Thousands of ride-hailing workers in the US are set to strike at major airports on Wednesday, in what organisers claim will be their largest protest yet. The drivers, employed by firms including Uber and Lyft, are calling for better pay and conditions, including higher wages and access to healthcare. The companies argue that they already provide a fair wage, and Uber has said it does not expect the strike to have any significant impact on its operations.
Ride-hailing firm GoTo denies discussions of merger with Grab
Media reports previously said both the companies were in preliminary discussions related to a variety of scenarios about a potential deal.
Grab, GoTo revive talks for ride-hailing merger: report
The companies are in preliminary discussions over a variety of scenarios, the report said, citing people familiar with the matter.
Lyft guarantees weekly earnings to lure more drivers
The ride-hailing market has largely been a duopoly between Lyft and Uber in the United States, with the former that owns a roughly 30% market share locked in a fierce competition with the rival for riders as well as drivers.
Eco-friendly EV service Uber Green now available in Delhi
Ride-hailing platform Uber on Saturday said its eco-friendly, global electric vehicle (EV) service, called Uber Green, is now available in Delhi.
Ola expands electric bike taxi service to Delhi, Hyderabad; plans India-wide scale-up
With the deployment of these vehicles, Ola claims to have the largest EV 2W fleet in the country. The company will scale up the e-Bike services throughout India by the end of this year, the statement added.
Delhi govt notifies Motor Vehicle Aggregator scheme, mandates companies to switch to EVs by 2030
In a move aimed at promoting green and sustainable mobility and enhancing the quality of transportation services in the national capital, the Delhi government on Wednesday notified the 'Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023', which sets the stage for comprehensive regulation and licensing of aggregators providing passenger transport service and delivery services.
China's Didi Global app disruption due to software failure, not cyberattack
The country's largest ride-hailing company faced widespread criticism this week after users in several cities were unable to book rides on Monday evening and complained about encountering glitches while using the app in the following days.
Top French court upholds Uber fine for illegal service
Judges at France's top court on Tuesday confirmed that ride-hailing app Uber must pay a fine for deceptive commercial practices and complicity in providing illegal taxi services over its early-2010s product Uber Pop. But French courts have repeatedly held that Uber was not simply putting riders in touch with drivers as it claimed, but instead offering an illegal taxi service.
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