Todd Maiden
Wednesday, July 15, 2020
Uber Freight seeking investors
Uber is reported to be raising $500 million in funding for its brokerage segment. The deal would place a valuation of $4 billion on Uber Freight.
Uber is reported to be raising $500 million in funding for its brokerage segment. The deal would place a valuation of $4 billion on Uber Freight.
A difficult truck brokerage market appears to have stalled growth at Uber Freight compared to the third quarter. However, the operating loss narrowed significantly.
Uber and Hyundai have showcased a full-scale prototype of an eVTOL aircraft that will be mass-produced for Uber’s air taxi network.
Other Bets revenue, primarily consisting of Uber Freight, increased 263 percent year-over-year to $145 million.
After a decade of disrupting urban mobility, Uber finally opens up for its initial public offering (IPO) at the NYSE on May 10.