Uber wins $1bn investment from Toyota, SoftBank fund

Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driverless ridesharing services.

Uber sets IPO in motion, seeks to 'ignite opportunity'

Uber filed documents Thursday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed startups eyeing Wall Street listing.

Uber launches electric bikes, scooters in Paris

US ride-hailing group Uber said Wednesday that it would start deploying electric bikes and scooters for rent on Paris streets as soon as this week, joining a crowded market which city officials have vowed to rein in.

Ride-hailing company Lyft rises in Wall Street premiere

Lyft shares raced out of the starting gate but then throttled back slightly in a strong stock market debut Friday, raising $2.3 billion in an IPO that marks a turning point for the ride-hailing business and the so-called ...

Uber acquires Mideast competitor Careem for $3.1 billion

Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for $3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a large, young, tech-savvy population.

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