26 Apr 2021
An Uber driver in the United Kingdom reportedly drove into a canal and the passenger was still charged for the watery journey. After the accident received media attention, the Silicon Valley ridesharing giant later refunded the passenger who had to walk home from the accident scene through “not the nicest area.”
The
Manchester Evening Newsreports that a UK woman named Emma Lavelle has spoken out about her recent Uber trip in which the driver crashed into a canal in Salford, a trip the Silicon Valley ridesharing giant still charged her for. Lavelle was a passenger in the vehicle when the incident took place in Eccles in the early hours of the morning on April 11.
Explaining Why Explainable AI (XAI) Is Needed For Autonomous Vehicles And Especially Self-Driving Cars
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Apr 15, 2021
Harry Campbell, “The Ride Share Guy,” finds the economics work out far better, if you are driving gig part time, to own your vehicle.
Think Twice Before Renting Your Vehicle to ‘Gig’ Drivers What do Uber eXchange Leasing, Fair.com and Maven all have in common? They thought they could make money renting to “gig” rideshare or delivery drivers, and they are all out of that business, or out of business.
Sometimes learning what not to do, in the process of learning how to do something correctly, is the most vital part of wisdom. With a few changes, disaster turns into success, or vice versa.
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Southeast Asia’s most popular ride-share and food delivery app Grab has declared its plans to go public on the Nasdaq Stock Market in a deal that values it at nearly $40 billion USD.
The company announced its partnership with special purpose acquisition company Altimer Group on Tuesday, adding that it expected to raise over $4 billion USD from the transaction. The proposed deal hikes the company’s valuation to $39.6 billion USD and is expected to be the largest-ever U.S. offering by a Southeast Asian company.
“It gives us immense pride to represent Southeast Asia in the global public markets,” Grab CEO Anthony Tan said in a statement.”This is even more critical as our region recovers from COVID-19.”
by Booking Type (Online Booking and Offline Booking), Service Type (Ride-hailing and Ride-sharing), and Vehicle Type (Cars, Motorcycle, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global taxi industry generated $69.18 billion in 2019, and is expected to generate $120.89 billion by 2027, witnessing a CAGR of 12.3% from 2020 to 2027.
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Prime determinants of growth
Increase in demand for ride-hailing and ride-sharing services, surge in demand from online taxi booking channels, and rise in cost of vehicle ownership drive the growth of the global taxi market. However, improvement in public transportation and varying government regulations on taxi services in different countries restrain the market growth. On the other hand, development of robo-taxies and emergence of eco-friendly elect
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