Ridesharing.

WeRide raises $200m

It’s an era of autonomous driving.

WeRide, as per its reporting on Wednesday, stated that it has raised $200 million through a long-term, mega-investment in Chinese bus maker Yutong. WeRide is one of the most –…

Lyft’s business is gradually recovering from the effects of Covid-19

An increase of 47% in revenue from Q2 of 2020 but still a downfall of 44% from Q3 …

Lyft released its financial results for the third quarter of 2020 on Tuesday, beating analyst’s expectations. Recovery has been observed in the San Francisco-based ride-hailing company’s sales from pre-pandemic days,…

Proposition 22: Uber and Lyft drivers will remain Contractors, not Employees

As per the California voters, Proposition 22 has been approved!

Uber and Lyft have finally celebrated victory regarding the ongoing California labor law, as Proposition 22 — the most expensive ballot measures in California — has been approved by the…

HopSkipDrive raises $22 million in latest round of funding

Dubbed as Uber for kids is expanding their services in different states.

HopSkipDrive, a Los Angeles based transportation company for children, has received a $22 million in funding in the latest round. The round, largest yet, saw participation from 15 investors which…

Uber founder Travis Kalanick is leaving board of directors; sold all shares

Travis Kalanick is leaving the board effective December 31, 2019.

Uber Technologies, Inc. has announced that co-founder and ex-CEO Travis Kalanick will be resigning from the company’s Board of Directors. He will stay active until December 31. Last week, Travis…

African fintech startup Opera’s OPay received $120 million in funding from Chinese investors

OPay has grown its business from payments to other fields with OWealth, ORide, and OFood.

Incubated by Opera , famous for its web browser, Africa-based startup OperaPay, widely known as OPay, has gained $120M from the Chinese investors in series B round. Along with PalmPay…

Uber to pay $650 million employment tax bill to New Jersey

Uber considers its drivers as contractors and not as employees because it does not pay the drivers. Instead, they receive 20% from each trip. New Jersey Department of Labor and…