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Uber pays USD 178 mn to end legal fight with Australian taxi drivers – ET Auto

Baua Electric

An Uber statement described the complaints of the taxi industry as “legacy issues” and said rideshare regulations did not exist anywhere in the world when the company started more than a decade ago.

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Rapido revival in sight: Central guidelines set to reignite bike taxi services in Delhi and Maharashtra – ET Auto

Baua Electric

Rapido has over 60% market share in Indian bike taxi space. The Ministry of Road Transport and Highways ( MoRTH ) has issued guidelines clarifying the legality of bike taxis in India, potentially paving way for their return in key markets like Delhi and Maharashtra.

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Cancellations rise, users feel taxi apps taking them for a ride – ET Auto

Baua Electric

The entry of new players in app-based taxi market and government regulations have had a minimal impact in improving the user experience, according to LocalCircles. In May 2022 the government issued notices to taxi aggregators citing deficiency in services and other allegedly unfair trade practices.

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Ola Cabs to exit international markets this month – ET Auto

Baua Electric

Ride-hailing major Ola Cabs is set to exit all of its existing international markets, namely the UK, Australia and New Zealand by the end of this month. The firm already has about 8,000 electric scooters from IPO-bound sister firm Ola Electric to provide bike-taxis services.

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Motional puts robotaxi deployment on back burner, to focus on technology development – ET Auto

Baua Electric

Motional partners with ride-hailing platforms Uber and Lyft to provide driverless taxi services. Driverless vehicles will enter the market when the technology has evolved and – just as importantly – when the business case for autonomous deployment is clear,” CEO Karl Iagnemma said in a blog post.

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Lyft inks deal with Nielsen to measure in-app ads – ET Auto

Baua Electric

Measuring ad performance helps advertisers inform and improve marketing campaigns and quantify their impact. Apart from serving ads on the app, Lyft also leverages taxi top advertising displays, in-car advertisements, and its bikeshare stations.

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EV fleet management startup Zypp eyes USD 40 million from Tribe, others at USD 300-350 million value – ET Auto

Baua Electric

The company – which works with delivery platforms including Amazon, Flipkart, Zomato, Blinkit, Swiggy, Zepto, in addition to bike taxi operators such as Uber and Rapido – has seen its revenue grow nearly three times in FY24 to INR 325 crore. Tribe Capital and its cofounder Arjun Sethi did not respond to queries sent by ET.

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