Smart Mobility AM

Uber’s self-driving cars are back on the roads

Uber said it was taking the first step toward restarting its autonomous ridesharing program, putting its self-driving cars back on the road in "manual mode" with a driver at the wheel at all times.

Lyft introduces new form of transportation

US ridesharing giant Lyft announced it was acquiring bikesharing operator Motivate as it ramps up efforts against rival Uber in alternative forms of transportation. Terms of the deal were not announced for Motivate, which operates bike programs in New York, Boston, San Francisco, Washington and elsewhere.

Ride-hailing firm’s value doubles with new funding round

Smartphone-summoned ride service Lyft announced it is raising $600 million in a funding round that values the Uber competitor at $15.1 billion. The financing round is being led by Fidelity Management & Research Company, and has been joined by Senator Investment Group.

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