Tag: Car Rental

Rental Car Company Hertz Orders 1 Lakh Teslas for $4.2 Bn

US-based rental car company Hertz on Monday said it has ordered 100,000 Tesla vehicles (worth at least $4.2 billion) by the end of 2022 as part of an ambitious plan to electrify its fleet. The move includes a new EV charging infrastructure acros...

By 2024 an Uber-Backed Startup, Joby Promise Air Taxis

Joby Aviation, which plans to create and operate a commercial fleet of aerial taxis by 2024, will begin trading on Wednesday, putting the public's faith in the company to the test. Since its creation in 2009, Joby has generated over $700 million ...

Ola Raises $500 mn Ahead of IPO, partners Warburg Pincus and Temasek

Ola on Friday said that Temasek and Plum Wood Investment Ltd, an affiliate of global private equity fund Warburg Pincus have partnered with Ola founder Bhavish Aggarwal for a $500 million investment as the ride-hailing platform plans an IPO. Acco...

Uber Rolls Out New Feature, Will Be Showing Upfront Price From Now Onwards

No more fare estimation from Uber. From today onwards, it will show the exact fare that you will be charged for your ride. For this to apply, you’ll only need to arrange for the Uber over an hour before the pickup time. There will be a window wit...

Uber China Merges With Rival Didi Chuxing, Ending Bitter Battle

Didi Chuxing, the most notorious ride-hailing service in China, said that it would acquire Uber Technologies operations in China. It is noteworthy that there was a battle between these two companies, which cost the two companies billions as they com...
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