Tag: transportation
Lime is buying Boosted’s assets and IP
Electric scooter company Lime is buying the designs, software, parts and test equipment of Boosted, according to The Verge. While neither Lime nor the electric skateboard company has made an announcement, some Reddit posts and patent files seemingly… Source
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UK watchdog ‘provisionally’ clears Amazon investment in Deliveroo
Amazon is one step closer to becoming a major investor in Deliveroo, a UK-based food delivery company that operates in multiple markets including France, Spain, Australia and the United Arab Emirates. After months of deliberation, the UK's Competitio… Source
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Ola opens its tech platform to Indian government to combat coronavirus crisis
As India scrambles to keep its citizens safe from the coronavirus, local ride-hailing giant Ola has stepped up to help. The Indian firm has made its technology platform — which is capable of, among other things, conducting real-time tracking and navigation and managing crowds — available to the federal and…
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Uber pulls back from operating profit target
Uber is walking back its guidance for what was supposed to be a milestone year for the ride-hailing company that included reaching an operating profit by the last quarter. Uber said Thursday it was withdrawing its 2020 guidance for gross bookings, adjusted net revenue, and adjusted EBITDA, which were provided…
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Autofleet raises $7.5M to help fleets put idle vehicles into drive
On-demand mobility, when done successfully, strikes a balance between demand and supply while providing reliable service and making a profit. It’s a sweet spot that can be difficult, if not impossible, to find. Autofleet, a startup that develops fleet optimization software to redirect underused vehicles into ride-hailing and delivery services,…
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Formula E drivers will compete in streamed ‘rFactor 2’ races
Much like their counterparts in more traditional motorsports, Formula E drivers will compete online to try and make up for a season put on hold thanks to the coronavirus outbreak. Starting this Saturday, you'll be able to watch all 12 official teams… Source
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