Lyft has unveiled a monthly subscription service that will allow customers to pay a flat fee for service. The “All-Access Plan,” monthly subscription costs $299 per month for 30 rides. Subscribers will only receive additional fees if a ride’s cost exceeds $15, in which case the customer would pay the difference. Lyft applies a 5 percent surcharge to any rides beyond the monthly 30 ride allotment.
Proposals from Wall Street banks have valued a potential Uber IPO at $120 billion. The proposals reportedly came from Goldman Sachs Group and Morgan Stanley and are meant to advise on how the banks would underwrite an IPO. The figure is almost double the $76 billion value Uber was given during a fundraising round in August, and sets the stage for a potential blockbuster series of IPOs from startups, including competitor Lyft.
Carsharing firm Zipcar has revealed that its customers have made more than 20,000 trips in its new London-based fleet of electric vehicles (EVs), three months after the fleet was launched. This summer, the company committed to deploying 325 fully-electric Volkswagen e-Golfs by the end of the year, with the first 100 having been rolled out by July 2018. These 100 EVs have been used by 6,000 members for 20,000 journeys around th...
Carsharing service GoCar is now available at 100 Shell stations in Malaysia. GoCar’s fleet consists of 450 vehicles from a variety of car models including sedans, crossover, SUVs, MPVs to pickup trucks, catering to customers’ different types of journeys and usage.
Grin, an electric scootersharing startup, has raised a $45.7 million Series A to operate in Latin America. The Mexico City-based company had previously raised funding from Sinai Ventures, Liquid2 Ventures, 500 Startups, Monashees, Base10 Partners and others. Currently, Grin only operates in Mexico City, but it has plans to expand to other cities throughout Latin America.