rideshare

Revel—the startup that pivoted to EV rideshare after encountering a hang-up or two trying to rent mopeds—has been tapped as the latest partner in Uber’s urgent quest to hit zero emissions for trips in certain regions. Both companies announced Wednesday that they’ve formed an exclusive partnership to optimize New York City’s dismal EV-charging infrastructure.The multiyear deal gives Uber—which has vowed to make all rides in North America electric by 2030, and will actually face fines in New York starting that year if it…

In an absolutely bananas turn of events, a typo in an earnings report caused Lyft shares to skyrocket nearly 70 percent after Tuesday’s closing stock market bell, There was an extra zero in the report that suggested a five percent margin expansion in 2024, instead of a .5 percent margin. This sent investors into a tizzy, as the company has long struggled to turn a profit.The mistake was even present in Lyft’s slide deck, which was and an accompanying press release. The company quickly corrected the mistake, calling it a…

It's a precautionary tale for how to assess new markets — and how not to introduce a new product Hertz made a splash in 2021 when it announced that it would buy 100,000 Tesla Model 3 sedans in a little over a year. Six months later, the rental car company said it would buy 65,000 Polestars over five years. It appeared that the EV transition was about to sweep the rental car market. On Thursday, the sweep sputtered. Hertz said in an SEC filing that it would be selling 20,000 of its…

Investors went into this year with concerns that U.S. consumer spending would dip dramatically, putting stress on pandemic darlings that had several quarters of growth thanks to stay-at-home orders and stimulus checks.But consumers instead continued to take rides and order groceries on platforms, despite any macroeconomic challenges. Some turned to these platforms for part-time work to help offset rising inflation. As 2023 comes to a close, we asked analysts, industry experts, and startup founders to predict how the gig…

Among the over 100 satellites that launched on board SpaceX’s Transporter-9 mission, three failed to deploy and their current whereabouts are unknown.'Even AI Rappers are Harassed by Police' | AI UnlockedIn-space transportation company Momentus recently announced last week that three out of the five satellites it launched on board a Falcon 9 rocket on Nov. 11 presumably did not deploy from the rocket’s upper stage. Momenuts supported five payloads for four different customers and confirmed the deployment of two…

The company will tell drivers and couriers in the app why their account was deactivated, allow them to request an additional review of the decision, and will be able to share things like audio or video recordings to dispute any unfair claims. Drivers and couriers have long complained that gig companies will routinely side with customers when issues arise, despite there being false accusations. One example is that sometimes customers will make false claims in order to get money back on their rides. Uber is rolling out a…

Lyft is betting that its scheduled-ride service will make holiday travel a breeze—otherwise, it’s willing to compensate travelers for their trouble. The rideshare company said Thursday that customers who are not picked up on time for scheduled rides to airports will automatically get $20 in Lyft credits if a driver is more than 10 minutes late, or $50 if they’re not matched with a driver 10 minutes after the scheduled pick-up time. Lyft will also reimburse riders up to $50 in credits if they end up needing to take a taxi…

In yet another example of a superbly orchestrated space launch on Monday by the Elon Musk-led SpaceX, the Falcon-9 booster launched the Transporter-8 mission. That number indicates that it was the 8th dedicated smallsat rideshare programme mission. The take-off was from the Space Launch Complex 4E at Vandenberg Space Force Base in California at 2:35 p.m. PT.Notably this was also the 9th launch and landing of this Falcon 9 stage booster. These earlier missions consisted of the NROL-87, NROL-85, SARah-1, SWOT, and four…

Blossoming electric rideshare fleet Revel announced it is adding a group of Kia Niro EVs to its existing fleet of Tesla Model Ys and Model 3s. The new addition adds variety to the Revel fleet, which is now approaching 300 EVs in operation throughout New York City. Revel is a Brooklyn-based company that has been working to electrify public mobility by providing the necessary infrastructure and coinciding services to help ensure the process operates more smoothly. The company currently operates…

Volkswagen Group’s rideshare mobility company MOIA announced it is using Apex.AI’s software development kit to create and implement its own passenger management system to enable a network of autonomous ID.Buzz EVs. MOIA is a branch of Volkswagen Group founded in 2016 with a specific focus on rideshare technologies and fleet management. We first covered the company when it began developing an electric van to replace its network of combustion rideshare vehicles, which eventually evolved into…