Uber Archive

'Clock is ticking' on companies exploiting 'gig economy' says Labour MP

Influential Labour MP Frank Field has said the “clock is ticking” against companies who exploit workers trapped in the gig economy. On Thursday ministers ordered a crackdown on companies using large numbers of self-employed or agency workers following an investigation by the Guardian into low pay at the delivery company Hermes. Field warned that other firms could now face scrutiny, revealing his office had been …

Furlenco’s $30 million raise shows furniture rental is working for Indian millennials

The idea of ownership in the American economy has changed so much in recent years that it’s easy to forget the once high level of importance placed on it. If we think back, most of us can remember at-least one conversation with our parents about Uber or Airbnb that resulted in a lecture about the dangers of using other people’s things. Ajith Mohan Karimpana, the founder and CEO …

Full speed ahead for transport VCs

Transportation investment has moved into the fast lane. Venture and growth investing in transport-related companies accelerated in the third quarter, fueled by momentum in the autonomous driving and ride-hailing spaces, as well as the prospect of big acquisitions. VCs and seed investors poured more than $6.2 billion into more than 150 companies across the globe with transportation-related business models in Q3, according to Crunchbase data. …

With a €20 million Series A Snapp opens up ride-sharing in Iran

Elmira Bayrasli Crunch Network Contributor Elmira Bayrasli is the co-founder of Foreign Policy Interrupted and the author of From the Other Side of the World: Extraordinary Entrepreneurs, Unlikely Places. More posts by this contributor: How to join the network Investors have turned Iran into the latest country to embrace the ride sharing and car-hailing app phenomenon. The Iran Internet Group has secured a €20 million …

Government’s refusal to recognize the rise of independent contractors is hurting the economy

David Schweikert Crunch Network Contributor Congressman David Schweikert is a three-term representative of Arizona’s Sixth District. He serves on the House Financial Services Committee. How to join the network The workforce of the 21st century has been changing for years.  Government, only recently perceiving the movement from a traditional workforce to an independent contractor model, is stifling innovation and hurting workers in the process. From …

Evercar mashes up car sharing and ride hailing

Say you’d like to make a few extra bucks by driving for ride hailing services Lyft and Uber or on-demand delivery services like Postmates, but your old car won’t pass muster with these companies. Or maybe you don’t want to put the miles on your personal car. Or maybe you don’t even have a car of your own. That’s where Evercar comes in. It maintains …

Uber-owned Otto to offer freight hauling services using autonomous trucks in 2017

Uber acquired self-driving lorry startup Otto this summer in a deal worth up to $680 million and it plans to put the company to work next year. That’s according to comments from Otto co-founder Lior Ron, who told Reuters that Otto will enter the long-haul freight business in 2017. To recap, Otto’s technology allows existing trucks to be ‘retrofitted’ with self-driving technology which can handle driving on …

Mapping startups hope they can chart a new course to success

Alphabet, Apple and Uber may be spending billions on exhaustive new mapping technologies to power the self-driving car revolution, but there’s a new generation of companies betting that a combination of crowdsourcing and artificial intelligence will enable them to navigate their way to success in the wild world of international geographics. Some companies are choosing to go deep into the haphazard images they’re collecting from crowd-sourced contributors, while others are …

Why is San Francisco trying to strangle its golden goose?

Carl Szabo Crunch Network Contributor Carl Szabo is policy counsel for NetChoice, a trade association working to make the internet more accessible and ubiquitous. How to join the network Detroit doesn’t place burdensome regulations on automobile manufacturers; Idaho doesn’t put undue restrictions and hurdles in front of potato farmers; and California takes steps to protect its farmers — because these industries are part of the …

US endorses self-driving cars, with a catch: Feds want to control tech approval, not states

Lexus SUV Google prototype autonomous vehicle in Mountain View, 2015. REUTERS Federal auto safety regulators today said that self-driving cars “will save time, money and lives,” but also sent a clear signal that they want the power to inspect and approve technology before it hits the highways, rather than each U.S. state setting its own safety standards. U.S. Transportation Secretary Anthony Foxx said on …