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Investment

Volvo Invests in Ride-Hailing Startup for Children

Zūm, a California-based company, was founded in 2015 and provides a trusted network of vetted drivers that allows parents and schools to schedule transport for school commutes, after-school events, and other activities.

Daimler, BMW Partner on Mobility Venture

The cooperation comprises five joint ventures: Reach Now for multimodal services, Charge Now for charging, Free Now for taxi ride-hailing, Park Now for parking, and Share Now for carsharing.

Uber Valued at $120B Ahead of 2019 IPO

If the San Francisco-based ride-hailing app goes public with that value, it would be worth three times as much as Ford, and more than twice as much as Tesla.

Enterprise Invests in On-Demand Ride Servicing App

The investment from Enterprise’s venture capital arm, Clayton Venture Partners, will help Migo expand discovery services for consumers and its transportation partners: Uber, Lyft, Car2Go, Lime, and Yellow Cab.

Toyota Invests $500M in Uber for Autonomous Ride-Hailing

Toyota Motor Corp. will invest $500 million Uber Technologies, Inc. to speed up efforts to bring an autonomous ride-hailing service to market. Each company will integrate its technology into purpose-built Toyota Sienna minivans that will be deployed on Uber's network.