In February 2017, Uber ended operations in Taiwan, but returned in April with an updated business model that included partnering with car rental companies.
Although Lyft trails Uber in terms of value and market reach, experts said beating Uber to IPO will give Lyft an advantage, as the added attention will cement Lyft as a viable alternative to Uber.
Critics of the minimum wage mandate, mainly ride-hailing companies, say that the proposal will make rides more expensive.
The program, a partnership between Uber and Getaround, launched for drivers in San Francisco in May.
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.
The data sets pledged by the companies will provide the public and private sectors with new tools to manage curb space in order to reduce congestion and emissions that cause climate change.
Uber plans to invest more than 200 million Canadian dollars ($150 million) in the area over the next five years.
In San Francisco, it’s estimated that TNC companies produce the same amount of greenhouse gas emissions as 100,000 households produce in a year.
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.
The number of licenses for private-hire drivers in London has almost doubled since the rise of ride-hailing services like Uber and its competitors, from 59,000 in 2009-10 to 114,000 in 2017-18.