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RIDE HAILING INDUSTRY
Ride-hailing app Bolt expands to Italy in bid to shake up underserved marketEstonia-based Bolt will work with hundreds of drivers in Milan - either official cab drivers or private hire car drivers - and expects to s...- 'Mumbai takes it back quietly': Investment banker reveals Rs 1.3 lakh monthly expenses with no vacations, sparks debate on savingsAn investment banker in Mumbai revealed a monthly expenditure of Rs 1.3 lakh, excluding vacations, for basic living expenses in Worli. This...
- Vanguard slashes Ola value; War chokes PCB supplyAmerican investor Vanguard has sharply cut the fair value of Ola's parent company. This and more in today's ETtech Top 5.
- Massachusetts Uber, Lyft drivers certify first statewide ride-hailing union amid automation fearsThe victory could provide a model for similar campaigns gaining traction in states including California and Illinois, where labor organizer...
- Suzlon bags 195 MW wind energy order from Sunsure EnergySuzlon has secured a 195 MW wind energy order from Sunsure Energy, further strengthening their partnership, which now totals nearly 300 MW....
- Uber, JSW Group tie up to deploy EVs in India's ride-hailing marketUber has allied with JSW Group to spearhead a new era of electric mobility in India, focusing on enhancing the ride-hailing experience thro...
- Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...
- It’s a summer of discontent for delivery riders as incentives dipCompanies have limited payout increases to select high-demand micro-markets instead of implementing broad-based hikes this year. The pressu...
- Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billionUrban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is p...
- Uber leases over 9 lakh sq ft Hyderabad office through 10-year lease for GCCUber India Systems has secured a massive office space in Hyderabad. The company will occupy over 9 lakh square feet for a decade. This deal...
- There's more to Uber’s India data centre bet than meets the eyeUber is setting the stage for its first-ever data center in India through a strategic alliance with the Adani Group. This development not o...
- Soaring inflation and plummeting economy test Iran's ability to withstand war and US blockadeIran faces severe economic hardship due to war and US sanctions. Prices for essentials like food and medicine have surged. Job losses and b...
- Quick-service apps compete to woo women workers away from the informal economyQuick-service apps like Snabbit and Pronto are formalising the domestic workforce with flexible shifts and attractive monthly payouts, draw...
- US stocks today: S&P 500 and Nasdaq notch records; AMD results spark AI stock rallyThe S&P 500 and Nasdaq hit record highs Wednesday, fueled by Middle East conflict resolution hopes and strong AMD earnings boosting AI stoc...
- The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globallyChina is rapidly adopting artificial intelligence tools. Ordinary citizens and businesses are using AI for daily tasks and work. Chinese co...
- WeRide, Lenovo team up to scale 200,000 robotaxis by 2031Chinese tech firms WeRide and Lenovo are set to deploy 200,000 autonomous vehicles worldwide in the next five years. This ambitious collabo...
- Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
- Can AI fix your credit score? Krutrim shuts down assistant KrutiHappy Thursday! Fintechs are building AI solutions to help boost the creditworthiness of borrowers. This and more in today’s ETtech Morning...
- Uber says bike taxis not eating into autos; calls for 'sensible' regulationIn a blog post, Uber’s policy and research team said that in Bengaluru and Mumbai — two key markets where bike taxi services were paused fo...
- Ola alumni’s Manav Robotics in talks to raise $15-20 million from Blume, Qualcomm VenturesManav Robotics, a startup founded by former senior Ola executives Suvonil Chatterjee and Slokarth Dash, is in discussions with early-stage ...
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