Didi Chuxing and oil giant BP team up to build electric vehicle charging infrastructure in China

Ridesharing and transportation platform Didi Chuxing announced today that it has formed a joint venture with BP, the British gas, oil and energy company, to build electric-vehicle charging infrastructure in China. The charging stations will be available to Didi and non-Didi drivers. The news of Didi and BP’s joint venture comes one week after Didi […]

Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services

Didi Chuxing announced today that it has received new investment totaling $600 million from Toyota Motor Corporation. As part of the deal, the two companies will also set up a joint venture with GAC Toyota Motor to provide vehicle-related services to drivers on Didi’s ride-sharing platform. GAC Toyota itself is a joint venture between Toyota […]

‘This is Your Life in Silicon Valley’: NYT’s Mike Isaac discusses his upcoming Uber book, Leaks from Facebook and More

Welcome to this week’s transcribed edition of This is Your Life in Silicon Valley. We’re running an experiment for Extra Crunch members that puts This is Your Life in Silicon Valley in words – so you can read from wherever you are. This is your Life in Silicon Valley was originally started by Sunil Rajaraman and […]

Talk Lyft’s stock market debut with TechCrunch writers

After much anticipation, Lyft stock hit the public markets last week, with a nearly 10% pop on its first day of trading. However, concerns over the company’s lofty valuation, deep losses and uncertain path to profitability have caused the stock to fall flat in the days since. TechCrunch’s resident transportation expert Kirsten Korosec and venture capital ax […]

Ola raises $50M at a $4.3B valuation from two Chinese funds

Ola, the arch-rival of Uber in India, has raised $50 million at a valuation of about $4.3 billion from Sailing Capital, a Hong Kong-based private equity firm, and the China-Eurasian Economic Cooperation Fund (CEECF), a state-backed Chinese fund. The funding was disclosed in regulatory documents sourced by Paper.vc and reviewed by Indian financial publication Mint. […]

Bus-sharing app Shuttl gets $11M Series B from investors including Amazon India

Shuttl, a service that lets Indian city dwellers find seats on multiple bus routes through one app, announced today that it has raised a $11 million Series B led by Amazon India, Amazon Alexa Fund and Dentsu Ventures. Returning investors Sequoia Capital, Times Internet and Lightspeed Ventures also participated. The Gurgaon-based startup’s last round of […]

Heetch raises another $20 million to compete head-to-head with Uber in Europe

French startup Heetch has an ambitious goal. The company wants to become the second ride-sharing service in France and in the other European countries where it operates. The startup just raised $20 million from Félix Capital, Via ID, Alven Capital, Idinvest Partners and InnovAllianz. This is the same funding round as last year’s $12 million […]

Former employees say Lyft staffers spied on passengers

Similar to Uber’s “God View” scandal, Lyft staffers have been abusing customer insight software to view the personal contact info and ride history of the startup’s passengers. One source that formerly worked with Lyft tells TechCrunch that widespread access to the company’s backend let staffers “see pretty much everything including feedback, and yes, pick up […]

Passport, the technology business for city transit systems, raises $43 million

 Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally. Read More (adsbygoogle […]