Uber has invested $10 million in Indian fleet management startup Carrum Mobility, valuing the company at about $168 million. Carrum supplies over 5,100 vehicles and 18,000 drivers to Uber’s various service tiers in India, including the premium Uber Black, where it is the largest fleet partner. The investment supports Carrum’s plan to double its fleet to 11,000 vehicles, expand to more cities, and enhance its technology. This partnership reflects Uber’s growing strategy to rely on large fleet operators for better control and service quality, especially in premium segments, with ambitions to possibly expand globally.
Instacart, valued at about $12 billion, has held preliminary talks with Uber and DoorDash about a potential sale, with an investment bank advising on options. A sale could fetch $16-$17 billion if a buyer pays a premium, but antitrust concerns remain...
Uber has expanded its use of ChatGPT Work, an AI tool by OpenAI, to its entire global workforce of 30,000 employees after a successful pilot with 1,000 staff. The AI is used across departments like finance, operations, and product for tasks such as d...
Elon Musk claimed Tesla will eventually handle the majority of all passenger miles on Earth where it can operate freely, highlighting the company's ambition in autonomous ride services. Despite this bold vision, Tesla's current robotaxi fleet has dri...
Waymo has started offering autonomous vehicle rides at Harry Reid International Airport in Las Vegas, marking its sixth major airport service. Pickups and dropoffs occur at dedicated zones in Terminals 1 and 3. Initially, rides will be limited to a f...
