Heetch raises another $20 million to compete head-to-head with Uber in Europe

 French startup Heetch has an ambitious goal. The company wants to become the second ride-sharing service in France and in the other European countries where it operates. The startup just raised $20 million from Félix Capital, Via ID, Alven Capital and Idinvest Partners. In order to stay competitive with Uber, Heetch is a bit cheaper than a normal UberX ride. But drivers still get paid more… Read More

Lyft Concierge, its ride-booking service for businesses, opens to all

 Lyft today announced it’s expanding its Concierge program – the service that allows organizations to schedule rides for other people – to more business customers. First announced in 2016, the service was originally designed to help patients get to medical appointments, particularly in areas where they may not have a car of their own, like New York, where more than half of… Read More

Uber will now let you add multiple stops to your route

 Uber today is adding a new feature that will solve a challenge almost every rider, at some point, has faced: the difficulty with picking up friends along the route to your destination. That’s because, until now, Uber has only allowed you to request a ride from point A to point B. That now changes with the introduction of an “add-a-stop” feature that allows you to add up to… Read More

Daimler acquires German P2P carpooling startup Flinc

Car2go Mercedes CLA Daimler — the German car giant that owns Mercedes Benz among other brands — has made one more acquisition to further its reach in ridesharing and what it sees as the next generation of how cars are owned and used. It has acquired Flinc, a startup also out of Germany that has built a platform and app for peer-to-peer-style carpooling. People who are driving in one direction find… Read More

Didi invests $200M in Chinese auto trading platform RenRenChe

 China’s Didi Chuxing is already well-known for making investments, but this time around the ride-sharing company has stepped beyond backing companies in its core industry with its latest deal. That’s because Didi has backed China-based car trading platform RenRenChe via a strategic investment that is confirmed at $200 million. Didi is valued at over $50 billion and its on-demand… Read More