UBER GREEN
Uber's electric vehicle service, Uber Green arrives in Kolkata
Uber launched its electric vehicle service, Uber Green, in Kolkata, offering users on-demand EV rides across the city, including to and from the Kolkata International Airport. The initiative aims to improve air quality in the city and reduce carbon emissions. Uber plans to provide zero-emission services globally by 2040, with approval from the Science Based Targets Initiative. Uber India and South Asia President, Prabhjeet Singh, highlighted the company's commitment to expanding green transportation options in India.
Uber Green electric cabs launched in Kolkata
Uber becomes the second ride-hailing service provider to offer electric vehicles in the city of Kolkata, following Snap E, another brand operating with an all-EV fleet.
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.
Macquarie's $1.5 bn India EV platform to focus on fleet electrification
Australia's Macquarie Group has launched an EV financing platform called Vertelo for India, focusing 95% of its $1.5 billion investment on electrifying commercial vehicle fleets. The platform will offer financing, fleet management, and charging infrastructure solutions. The remaining 5% will go towards charging infrastructure and other requirements.
Whale tank: The upscale societies where uber-rich tech and startup czars stay connected and network with one another
In Bengaluru, houses in the Billionaires' Street (Koramangala), Epsilon Villas or Adarsh Palm Retreat (APR) are owned by the likes of Sachin and Binny Bansal, Flipkart cofounders, and its CEO Kalyan Krishnamurthy along with a few Infosys co-founders and the Raveendrans. The owners of several new-age firms such as Unacademy's Gaurav Munjal, PhonePe's Sameer Nigam, Meesho's Vidit Aatrey, the Zetwerk founders dot the palm tree and Mercedes-lined APR. 'India's CTO' Nandan Nilekani, Wipro owners - the Premjis, and Rahul Dravid also own homes in Koramangala, where property rates have already built a formidable moat of exclusivity.
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Uber Eats starts robot deliveries in Tokyo
Uber Eats has launched robot deliveries in Tokyo, offering the service in a small area of the city with the hope of expanding it across Japan. The self-driving delivery vehicles use sensors to navigate streets and avoid obstacles. The move comes as Japan faces a growing labour shortage and has changed traffic laws to allow delivery robots on public streets.
Adani in talks with Uber to own, operate an EV fleet
Adani group plans to operate an EV fleet on Uber. Adani Airports has dedicated pick-up zones for Uber. Uber aims to convert its entire fleet to electric by 2040. Adani One offers travel services including flight bookings and hotels.
Exclusive | Upstarts are everywhere, we have to be constantly on our toes in India: Uber CEO Dara Khosrowshahi
Dara Khosrowshahi took over as the CEO of Uber Technologies in 2017, when the mobility firm was in its most controversial period. The Iran-born executive, who replaced founder Travis Kalanick, is now being called tech’s newest turnaround chief. In an interview with ET’s Pranav Mukul, Samidha Sharma and Surabhi Agarwal, Khosrowshahi spoke about the company’s focus on only mobility, profitability and electric vehicle push.
Why does Gautam Adani want to hitch a ride with Uber?
Gautam Adani's Adani Group is partnering with Uber to enter the electric vehicle market and integrate Uber services into its Adani One super app. Adani aims to invest $100 billion in green energy and expand its airport business. Adani competes with Reliance and Tata in the digital services space.
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.
Tata, Uber aim for strategic alliance to drive digital business
Uber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete.
Why Tata wants Uber to speed up its super app Tata Neu
Tata Group's digital arm, Tata Digital, is in talks with Uber for a strategic partnership to address challenges in user growth and customer engagement. The collaboration aims to leverage Tata's super app, Tata Neu, and Uber's expertise to increase traffic and revenue in the e-commerce market.
Tata hails Uber to drive Neu traffic
Uber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete.
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.
Uber India posts 54% increase in FY23 revenue
Uber India's net loss during the period under review swelled to Rs 311 crore from Rs 197 crore during FY22.
How PhonePe's plan to invest in Dunzo hit a roadblock; Slice seeks fresh funds
PhonePe was interested in acquiring the merchant network and quickly tapped into it for Pincode. It has been spending on customer acquisitions and discounts on the separate platform to acquire more users.
Uber Green launched in Bengaluru; offers sustainable transport option
Karnataka Information Technology Minister Priyank Kharge flagged off the first Uber Green vehicles from the Bengaluru Palace on the sidelines of the Bengaluru Tech Summit. The cab aggregator said Uber Green is now available in several parts of the city including most of central Bengaluru and that it will soon be extended to more parts of the city.
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.
Uber bets big on India’s tech talent, incentivises innovation around sustainability
Manikandan Thangarathnam, Senior Director, Engineering, Uber India, on Uber's transformative journey and insights into its future projects
Uber, Lyft to pay $328 million to settle New York wage theft claims
Uber and Lyft will collectively pay $328 million to settle allegations from New York's attorney general that they systematically underpaid drivers and deprived them of benefits. Attorney General Letitia James revealed that Uber will pay $290 million, while Lyft will pay $38 million to resolve the multi-year investigation.
Uber, Lyft to pay $328 million to settle New York wage theft claims
Drivers will also be guaranteed minimum hourly rates and paid sick leave, and be given notices and in-app chat support to address their questions about earnings and other working conditions.
In Africa first, Uber launches electric motorcycles in Kenya
Uber announced the introduction of the Electric Boda in Kenya on Thursday, with about 3,000 bikes planned initially, saying it would cut running costs for drivers by 30-35% and reduce fares by about 15-20%.
Uber drivers earned over Rs 50,000 crore since 2013; 300 crore trips in India
Drivers have earned more than Rs 50,000 crore through Uber, and 300 crore trips were taken on the ride-hailing platform over the last 10 years in India.
Uber appoints Arnab Kumar director of business development for India & South Asia
Kumar has had previous stints at cryptocurrency exchange Coinbase, investment fund Prosus Ventures, and at Indian think tank Niti Aayog, where he worked on India's Covid contact tracing app Aarogya Setu.
Uber says green rides will enable customers to track CO2 savings
The company said customers will be able to track the amount of CO2 avoided via its Uber Green service that uses low- or zero-emission vehicles and its Comfort Electric service using electric vehicles (EVs).
Uber partners with various EV makers to accelerate transition towards sustainable mobility
The company said it has expanded its partnership with EV fleet partners Lithium Urban Technologies, Everest Fleet Pvt Ltd and Moove in order to deploy 25,000 electric cars in India on the Uber platform over the next two years. The company also announced a partnership with SIDBI to unlock Rs 1,000 crore in EV financing.
We started with a crazy idea, met with disbelief & doubt: Lyft's cofounder John Zimmer says after stepping down
US ride-hailing platform Lyft on Monday announced that cofounders Logan Green and John Zimmer would step down as CEO and president. Green and Zimmer will take up non-executive roles as chair and vice chair on the Lyft board, respectively.
Lyft picks new CEO as founders tap out amid fierce competition
The change of guard at Lyft comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertaken to keep up with bigger rival Uber - which boasts better pricing power, a global presence and a food delivery business.
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