Category Archives: Ride-hailing

Malaysian Taxi Alliance Join Forces with Uber

In a milestone for the Malaysian ride-hailing scene, Uber’s local operations will team up with some 500 taxis under the Gabungan Persatuan dan Syarikat-Syarikat Teksi Semenanjung Malaysia (Gabungan), an umbrella body of taxi associations and companies in Peninsular Malaysia. The move will see the taxis adopt the Uber ride-hailing app in stages beginning March 7, Bernama reported. The state newswire

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Uber Partners Public Transport App

Aligning ridesharing with public transport systems is one of the smartest ways to help people move around the city without the need for costly infrastructure developments or owning a personal vehicle Uber has today announced that it will partner with the public transport app TripGo, allowing users to seamlessly travel on public transport with Uber acting as a way to get to or from

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LG CNS Sells Car-Sharing Service to Private Equity Co

[THE INVESTOR] LG CNS is selling its car-sharing service Citycar to a local private equity fund Cobaltsky Partners, industry sources said on Sept. 12. The IT solutions unit of LG Group said it has decided to sell its 100 percent stake in its affiliate Everon, the service operator, to Cobaltsky. More details, including the deal price, were not revealed. LG

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PSA’s Future On-Demand Services

PSA has already set aside €100m to invest in start-up companies working on transport innovations, ranging from car sharing and hailing to car-ownership clubs. This month, the group will unveil a second tranche of investments at the Paris Motor Show. PSA’s vehicle service, once launched, may operate under a new brand rather than the Peugeot, Citroen or DS marques currently

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Apple iPhone Assembler Invests in China’s Ride-Hailing Didi Chuxing

Foxconn Technology Group, the world’s largest contract manufacturer of electronics, said Thursday that a subsidiary had invested $119.9 million in Chinese ride-hailing company Didi Chuxing Technology Co. Foxconn unit Forteq Holdings Inc. has acquired a 0.36% stake in Didi, the Taiwanese company said in a filing to the Taiwan Stock Exchange. The deal values Didi at about $33 billion, higher

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Mahindra and Ola to Drive Entrepreneurship

Mahindra & Mahindra have signed an MOU to enter into a strategic alliance with the country’s largest shared transportation platform, Ola to empower 40,000 driver partners across India by 2018. Through this strategic alliance, they aim overall vehicle sales and financing of over US$ 400 million (Rs. 2,600 crores). Ola’s driver partners can now avail of an integrated and attractive

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Ride Hailing Ola, Mahindra & Mahindra to Announce Partnership

Indian ride-hailing firm Ola and the country’s top utility vehicle maker Mahindra and Mahindra are set to announce a joint initiative on Thursday, according to an invitation sent to the media. The move will come close on the heels of a string of tie-ups between online taxi services and automakers, keen to cash in on the rising demand and popularity

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Ride-hailing is Becoming Public Transportation

When the Department of Transportation released a 30-year traffic report last year, US Transportation Secretary Anthony Foxx told BuzzFeed he thought public transportation would start “behaving more like Uber.” A year and a half later, public transit agencies across the country are not just behaving like Uber — they’re subsidizing it outright for their residents. Altamonte Springs, Florida, 10 miles

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Uber Lease Electric Vehicles to Drivers in the UK

Today, Uber is launching a new electric car service in the UK, in partnership with Nissan and China’s BYD, where it will offer leasing (not purchasing) options for fully-electric cars (BYD E6s and Nissan Leafs) to its drivers, as well as include those vehicles in the mix of cars that it offers to passengers for journeys. Uber is starting first with

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