Uber is looking to acquire FreeNow, the ride-hailing joint venture of BMW and Daimler that operates in more than 100 European cities.
Wunder Mobility has raised $29 million in an extended Series B round and is channeling it towards expanding its geographic footprint and suite of mobility solutions.
The European Automobile Manufacturers’ Association explained its goals towards the future, which involve the creation of a comprehensive plan to enable zero-emission mobility across Europe.
After a decade of disrupting urban mobility, Uber finally opens up for its initial public offering (IPO) at the NYSE on May 10.
McKinsey has brought out a report that talks about how increasing passenger density in urban spaces is a strong indicator for an increase in ridesharing demand in the decade ahead.
Considering that Singapore has over 20,000 people per square mile, it may be prudent for the city-state to consider air taxis as an urban mobility option.
Now Group, an autonomous mobility services company created by a partnership between BMW and Daimler, is expected to shape the future of urban mobility and benefit from the opportunities offered by digitalization, shared services, and increasing mobility needs of consumers.
Wheels, a relatively new entrant to the electric scooter-sharing ecosystem has raised an investment of $37 million, which further reinforces the explosive interest shown by investors towards this segment.
Off late, electric scooter company Lime has been in the news for the wrong reasons. Batteries burning up, bike vandalism, fragile bikes breaking down, and the latest – abrupt braking issues.
Investors are pumping millions into on-demand transit startups working in taxi-hailing and e-scooter sharing, but questions still remain if they can turn in positive bottom lines in the years to come.
