Edition:
United Kingdom

Heather Somerville

Lime's next stop in scooter global expansion: Florida and Austria

20 Sep 2018

SAN FRANCISCO Scooter- and bike-rental startup Lime is expanding to dozens more cities this year, its CEO said, leveraging the hundreds of millions of dollars in funding it has raised in an effort to dominate the North American and European markets.

Uber to spend $150 million in Toronto on engineering, self-driving cars

13 Sep 2018

SAN FRANCISCO Uber Technologies Inc is spending millions of dollars in Toronto to open an engineering hub and expand its self-driving car operations, the strongest indication yet that the company is not retreating from autonomous vehicle development despite recent setbacks.

Uber to spend $150 million in Toronto on engineering, self-driving cars

13 Sep 2018

SAN FRANCISCO, Sept 13 Uber Technologies Inc is spending millions of dollars in Toronto to open an engineering hub and expand its self-driving car operations, the strongest indication yet that the company is not retreating from autonomous vehicle development despite recent setbacks.

Toyota to invest $500 million in Uber for self-driving cars

29 Aug 2018

Toyota Motor Corp will invest $500 million in Uber Technologies Inc to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive autonomous driving business. | Video

Uber investor Lead Edge Capital closes $520 million fund

23 Aug 2018

SAN FRANCISCO Venture firm Lead Edge Capital, which has backed companies such as Uber [UBER.UL] and Spotify, has raised its largest fund to date in the latest sign of the rush of capital flowing into private tech companies.

Lyft surpasses 5,000 self-driving rides with Aptiv fleet

21 Aug 2018

SAN FRANCISCO Lyft has completed more than 5,000 self-driving rides through its ride-hailing app, the company said on Tuesday, as it aims to become a serious competitor in autonomous driving while its biggest rival, Uber, retrenches. | Video

Uber hires CFO after lengthy search, paving way for IPO

21 Aug 2018

SAN FRANCISCO Uber Technologies Inc has hired a chief financial officer, the ride-services company said on Tuesday, filling a long-standing vacancy and clearing the way for a much-anticipated initial public offering next year.

Uber narrows loss but is a long way from finding profit

16 Aug 2018

SAN FRANCISCO Uber Technologies Inc said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019. | Video

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