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After recently investing $500 million in Lyft, General Motors continues to expand its ride-sharing service by buying assets of Sidecar Technologies Inc. Sidecar stopped its ride-sharing and delivery operations on Dec. 31.
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Sidecar will officially stop its ride-sharing and delivery operations at 2 p.m. PST on Thursday Dec. 31.
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Massachusetts Gov. Charlie Baker has filed legislation to institute a statewide regulatory structure for transportation network companies, such as Uber, Lyft and Sidecar. The bill will set stronger standards for safety and close potential insurance gaps.
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To help support its expansion nationwide, Sidecar — a San Francisco-based ride-sharing app company — has raised $15 million in funds from investors, including Virgin Group Founder Sir Richard Branson.
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In addition to joining the Rideshare Insurance Coalition, Lyft has added new insurance coverage for collision, uninsured motorists and underinsured motorists.
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Seven delegates from the CarSharing Association participated in the Transportation Research Board Annual Meeting, which included discussions on shared-use mobility and the use of the term ridesharing.
Read More →The California Public Utilities Commission has created regulations to ensure that safety is enforced for Transportation Network Companies, which use an online platform to connect passengers with drivers using their personal vehicles.
Read More →The California Public Utilities Commission (CPUC) proposed new rules that would place car-sharing services into a new transportation business category, separate from taxicabs and limousine services.
Read More →Car-sharing companies Uber, Sidecar and Lyft received cease-and-desist letters from the Los Angeles Department of Transportation’s taxicab administrator, despite being authorized to operate by the California Public Utilities Commission.
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