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Tech News
Uber has put another $10 million into Indian fleet operator Carrum Mobility through a Series B round, pushing the startup's valuation to about $168 million, up from $63 million after Uber's earlier $7 million investment in January. Uber now holds a mid-teens stake in Carrum, which operates roughly 5,100 vehicles and over 18,000 drivers across six Indian cities and generates about $45 million in annualized revenue.
Atoms, the startup led by Uber co-founder Travis Kalanick, is reportedly gearing up for a hiring spree and acquisitions aimed at establishing itself as a major autonomous vehicle player, according to the Financial Times. The report says Atoms has discussed with Uber how the ride-hailing giant might deploy its robotaxi technology, and confirms Uber has already put $100 million into the startup.
Uber abruptly halted its operations in Nigeria and Uganda's Kampala on a single day, sending an email notice announcing the wind-down that arrived the same day service was cut. Some drivers and passengers were left stranded mid-trip as the app stopped working with no prior warning, sparking outrage on social media dubbed the 'Uber rapture.' Uber had run in Nigeria since 2014 and in Kampala since 2016.
Uber CEO Dara Khosrowshahi announced the company will shrink its workforce by about 10%, or roughly 3,300 employees, marking its biggest round of job cuts since the pandemic. The move focuses heavily on middle management roles, part of a broader corporate trend of flattening organizational structures.
Uber and a number of other major companies are eliminating management positions held by leaders who oversee only a handful of direct reports, according to a report on corporate restructuring trends. These so-called micro-team bosses are being singled out as companies work to flatten organizational charts and reduce layers of middle management.
Uber began operating self-driving minicabs in London on Thursday, becoming the first company to offer such a service in the UK. The initial rollout includes just 15 autonomous vehicles, each requiring a human safety driver ready to intervene, with fares matching standard UberX, Electric or Comfort rides shown upfront in the app.
Uber has begun operating the UK's first robotaxi service in London, using 15 Ford Mustang electric vehicles fitted with Wayve's autonomous driving technology. Each car currently requires a human safety driver ready to intervene, and rides cost the same as a standard UberX, Electric or Comfort trip. The self-driving option only appears in the app after booking, if a suitable vehicle is nearby.
Uber has begun offering self-driving rides in London through a partnership with British AV startup Wayve, using electric Ford Mustang Mach-E vehicles equipped with cameras and radar. A human safety operator will remain behind the wheel for now, and the companies plan to extend the service to Nissan Leaf vehicles in Tokyo later this year.
Uber has launched autonomous ride-hailing in London through a partnership with British self-driving company Wayve, using Ford Mustang Mach-E vehicles equipped with Wayve's technology. Riders booking UberX, Comfort, or Electric may be matched with these vehicles, which still require a human safety supervisor behind the wheel under Uber's newly granted London operating license. Pricing matches standard Uber rates, and tipping prompts are disabled by default despite the human presence.
Uber has ceased operations in both Nigeria and Uganda with immediate effect, ending its ride-hailing services in the two African markets. In Uganda, the shutdown removes a widely used transport option for commuters in Kampala.
Delivery Hero's supervisory and management boards have approved Uber's $15 billion acquisition bid and are recommending shareholders vote in favor. Uber, already Delivery Hero's largest shareholder, set a threshold requiring at least 50% plus one share of outstanding capital, while major investor Prosus agreed to sell its 17% stake as part of the deal.
Uber has begun operating autonomous vehicles in London using self-driving technology from UK startup Wayve, marking the city's first commercial robotaxi service. The cars, currently Ford Mustang Mach-Es with plans to add Nissan Leafs, still carry safety drivers who monitor but don't control the vehicles, and riders can opt in via the Uber app when booking UberX, Comfort, or Electric trips.