Page 7 - Uber

Uber completes 10 years in India, says drivers earned Rs 50,000 crore

The service now offers options like car, auto, moto, and bus rides via the app, available in 125 cities across India

Uber raises minimum age requirement for most California drivers to 25

Uber raised the minimum age requirement for most of its new drivers in California to 25 on Thursday under rules the company said are necessary because of the rising costs of commercial auto insurance in the state. The new rule applies only to drivers signing up to transport passengers with Uber's ride-hailing platform, and not for those delivering food with Uber Eats. Previously drivers as young as 19 could sign up. Those under 25 who activated their accounts prior to Wednesday can continue to drive for Uber, the company said. Insurance rates for Uber's California drivers are significantly higher than for personal vehicles or taxi drivers, according to a company statement announcing the change. As a result of these lopsided requirements, personal injury attorneys have created a cottage industry specialising in suing rideshare platforms like ours, pushing Uber's California state-mandated commercial insurance costs to rise by more than 65 per cent in just two years, the company ...

Uber appoints Arnab Kumar as director of biz development for India, SA

Kumar had previously also served as program director at government think tank NITI Aayog where he contributed to the development of emerging technology initiatives including Aarogya Setu

Uber forecasts quarterly operating profit above estimates on ride demand

Uber Technologies on Tuesday forecast third-quarter operating profit above Wall Street expectations as it sees growing demand for ride hailing

Goa govt files complaint against Uber, accuses it of operating illegally

The Goa government has filed a police complaint against Uber India Systems Private Limited accusing the company of illegally operating its services in the coastal state. Earlier last week, Uber announced its services in Goa, including airport pick-up and drop. State Transport Minister Mauvin Godinho told reporters on Tuesday that his department has filed a formal complaint against Uber for operating in the tourist state without taking any permission. He said that his department has asked the police to take action against the app-based taxi aggregator. We had sent an email to the cyber crime (cell) last week but on Monday, we gave a formal letter to the cyber crime cell, Godinho said. The minister said the government has already announced that Goa will not allow app-based taxi aggregators Ola and Uber to operate in the state. Assistant Director Transport Francisco Vaz has filed the complaint against Uber with the cyber crime cell. As per the complaint, Uber has been offering rides

Everest Fleet raises $20 mn to build capacity in Uber-led funding round

Firm operates in shared mobility space, is a partner to top ridesharing companies such as Uber and Ola, plans to add 10,000 EVs to existing fleet

Everest Fleet raises $20 mn led by Uber, to expand operations, supply pool

Fleet management company Everest Fleet on Wednesday said it has closed a $20 million funding round led by Uber

Delhi govt to ask bike-taxi aggregators Ola, Uber to stop operations

The Delhi government on Tuesday said it will ask bike-taxi aggregators to stop operations in the national capital till a policy is notified, a day after the Supreme Court stayed a High Court order that had allowed them to ply. Transport Commissioner Ashish Kundra said the government will write to aggregators and also appeal to them through the media to comply with the apex court order or face action. The Supreme Court on Monday stayed the High Court order that allowed bike-taxi aggregators Rapido and Uber to operate in the national capital. The SC's ruling is binding on all, Kundra said. "The submission of the department in the court was that we have already floated a draft scheme and the scheme is going to be finalised soon. In absence of any scheme and regulatory framework, the companies are overstepping their mandate by offering such services in absence of any permits or registration from the Transport Department," he told PTI. Kundra said the companies are free to give their .

Authorities to impound bike taxis if Uber, Ola do not comply with Delhi ban

India's top court on Monday backed the city government's ban on bike taxis in a setback for U.S. ride-hailing company Uber which had legally challenged authorities to continue offering the services

Rapido vs Delhi govt: SC stays permission for 2-wheeler taxi in Delhi

The SC was hearing two pleas filed by the Delhi govt against the Delhi HC order that allowed bike-taxi aggregators, Rapido and Uber, to operate till the final policy was notified by the govt

Uber gears up for an electric vehicle future amid rising competition

It has drawn up plans to include more electric vehicles in its fleet by tying up with manufacturers, fleet owners and charging stations

Uber to offer cashback as it drops ride discounts for subscribers

Ride-hailing platform Uber has discontinued the 5 per cent discounts on eligible rides that it previously provided to Uber One subscribers

Uber partners with GeM portal for taxies to govt offices at fixed price

Soon personnel from the government ministries, departments, agencies and public sector units will be able to book taxis for official purposes from cab aggregator Uber as the company has partnered with public procurement portal GeM to provide the service. "It will be a kind of corporate service. At present, we have started the service on a pilot basis and gradually it will be available for all the government ministers, departments, agencies and public sector units (PSUs). We are planning to go phase by phase," an official said. The company would provide the service at a fixed price with zero cancellation charges and no surge pricing. The company has registered at the portal of government e-marketplace (GeM), which was launched in 2016 by the commerce ministry for buying goods and services by central ministries and departments with a view to bringing transparency in government procurement. There is a growing demand for taxi services in the government and all the departments spend hug

Uber join hands with EV partners to encourage sustainable mobility

Ride-hailing app Uber on Wednesday announced partnerships with various electric vehicle makers and other entities in India to accelerate the transition of its partners towards sustainable mobility. The company said it has expanded its partnership with EV fleet partners Lithium Urban Technologies, Everest Fleet Pvt Ltd and Moove in order to deploy 25,000 electric cars in India on the Uber platform over the next two years. Besides, Uber said it has teamed up with Zypp Electric for 10,000 EV two-wheelers in Delhi by 2024. The company also announced a partnership with SIDBI to unlock Rs 1,000 crore in EV financing. Uber said it is also bringing its global partnership with BP to India through Jio-bp and has also tied up with GMR Green Energy for fast charging Uber EVs. As part of the sustainability push, the San Francisco-based firm also announced the rollout of Uber Green in Delhi, Mumbai and Bengaluru, starting June. The Uber Green initiative allows passengers to request an all-elec

Netflix, Ola, Uber not integrated with PIPOnet app, says NuRe Bharat CEO

3i Infotech-led consortium NuRe Bharat Network has not integrated Netflix, Ola, Uber or any other company with its PIPOnet app, a senior official of the company said. NuRe Bharat Network and RailTel on Monday unveiled PIPOnet mobile app with aims to provide all services, including e-ticketing, travel, stay reservations, and entertainment apps, for railway passengers. The company in its presentation had used the names of Netflix, Uber, Ola as partners on PIPOnet app. "Nure Bharat Network would like to clarify that Netflix, Ola, Uber and any other company names that have been used were only mentioned as part of an example to introduce the kind of integrated entertainment, travel and other facilities that PIPOnet will be providing. We have not yet onboarded or integrated with any other company as it cannot be done without a partnership agreement," NuRe Bharat Network, Chief Executive Officer, Sax Krishna said in a statement. NuRe Bharat has bagged exclusive rights to sell and monetise

Uber introduces 'teen accounts' with safety features in US, Canada

With 'always-on support', parents will be able to contact the driver directly during a trip, contact Uber's support team, or report an issue on behalf of their teen

Uber launches flight bookings in UK, plans to double down on growth

The introduction of commercial flight bookings is "the latest and most ambitious step" in Uber's strategy, said its UK general manager Andrew Brem

Ex-Uber security chief Sullivan sentenced for data-breach cover-up

The former chief security officer for Uber was sentenced to probation Thursday for trying to cover up a 2016 data breach in which hackers accessed tens of millions of customer records from the ride-hailing service. Joseph Sullivan was sentenced to a three-year term of probation and ordered to pay a fine of $50,000, the U.S. attorney's office announced. Sullivan, 54, of Palo Alto was convicted by a federal jury in San Francisco last October of obstructing justice and concealing knowledge that a federal felony had been committed. It was believed to be the first criminal prosecution of a company executive over a data breach. Sullivan was hired as Uber's chief security officer in 2015. In November 2016, Sullivan was emailed by hackers, and employees quickly confirmed that they had stolen records on about 57 million users and also 600,000 driver's license numbers, prosecutors said. After learning of the breach, Sullivan began a scheme to hide it from the public and the Federal Trade ..

Uber trips up 24% to 2.1 billion in Q1, sales grow 29% to $8.8 bn

Revenue grew 29% YoY to $8.8 billion and the net loss was $157 million, which includes a $320 million net benefit (pre-tax)

Uber confident on profit as ride-sharing makes strong start to 2023

Uber is benefiting from its dominant position in key global markets as travel rebounds from a pandemic-induced lull