Uber rival Lyft acqui-hires Pune tech startup FinitePaths


Consequently the Indian firm will shut down its app Trail Answers

Photo from Flickr, Flazingo Photos
Dubai traffic. Photo: Bloomberg
A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016.    REUTERS/Lucy Nicholson/Files
Photo: Bloomberg
Photo: Bloomberg
Driverless cars are transiting from laboratory to the roads

Car electronics supplier Delphi Automotive Plc went coast-to-coast in 2015 in a self-driving Audi Q5 sport-utility vehicle to prove the autonomous automobile had arrived. Now, Delphi is shifting from stunts to selling. In Las Vegas this week at CES, formerly known as the Consumer Electronics Show, the company will give… Read more »

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The 40 people who matter in the Indian startup ecosystem

In the first of a multi-part series, Mint profiles the 40 most influential people in India’s start-up ecosystem. While e-commerce influencers still dominate the list, there are a handful of new entrants, most prominently those connected with enterprise software or Software as a Service (SaaS) start-ups that are fast becoming… Read more »

A mascot of Didi Chuxing is seen at the company's headquarters in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo
Volkswagen, Didi plan high-end car hailing service in China

Volkswagen AG said on Thursday it was in talks with China’s Didi Chuxing to set up a high-end car hailing service venture in China, the latest in a rush of tie-ups between automakers and technology firms seeking to profit from new ride services. Didi Chuxing is China’s largest ride-hailing company,… Read more »

Tesla CEO Elon Musk speaks during a Tesla event in Palo Alto, California October 14, 2015. REUTERS/Beck Diefenbach
Tesla mulls rolling out Uber-style ride services next year

Car makers have rushed to invest in so-called mobility services, hoping to capture the potential trillions of dollars in revenue from selling both vehicles and such on-demand services, while carving out a stake in the industry dominated by Uber.

The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. Photo taken October 26.   REUTERS/Rebecca Cook
The Uber app logo is seen on a smartphone | Photo: Bloomberg
Grab’s record $750m funding turns up the heat on Uber

Grab’s unprecedented funding round escalates the battle with Uber Technologies Inc. and underscores how Asian ride-hailing services are arming themselves for a sustained campaign. Grab raised $750 million from investors including Japan’s SoftBank Group Corp., giving it a war chest to fight Uber in promising markets such as Indonesia now… Read more »