Saturday, 17 Nov 2018
Category: ride hailing

License caps and CCTV among ride-hailing rule changes urged in report to UK gov’t

Uber and similar services could be facing caps on the number of licenses for vehicles that can operate ride-hailing services in London and other UK cities under rule changes being recommended to the government. CCTV being universally installed inside licensed taxis and private hire vehicles for safety purposes is another suggestion. A working group in […]

Lyft valuation hits $15.1 billion after fresh $600 million in funding

Lyft has raised an additional $600 million in a Series I financing round led by Fidelity Management & Research Company, pushing its post-money valuation to $15.1 billion. The company’s value has more than doubled in the past 14 months. Senator Investment Group LP joined Fidelity in the capital raise. Fidelity has poured more than $800 […]