When it comes to venture funding, the grass is (sometimes) greener in the other sector. The transportation sector enjoyed VC spotlight throughout 2016, while the fintech sector was left in the shadow, according to Global Innovation Investment Report release by Crunchbase. Overall, global VC grew 19% year over year, reachingRead More
Post Tagged with: "rideshare"
The sharing economy has made it possible to “share” virtually anything: from cars, homes, loans, to doghouses (yes, that’s a real thing, check out Rover or DogVacay). Considered the trendsetter by many, Uber (see “uberization”) became synonymous with the notion of sharing economy, where consumers and service providers communicate amongRead More
Arcade City started out as a Facebook page that resembled a decentralized ridesharing environment where customers would “hail” a car by posting to Arcade City’s page, and drivers would then respond with their set prices. But founder Christopher David had other plans for Arcade City: a decentralized ridesharing app that will runRead More
The R3 CEV blockchain consortium has a new member that’s not like the others. Last week, Toyota Financial Services announced it has joined R3’s consortium to explore distributed and shared ledger tech for potential applications in auto financing. TFS is the first captive to collaborate with the more than 50 ofRead More
Earlier this year, both Uber and Lyft drivers across the country experienced severe rate cuts, reportedly down by as much as 40%. That’s when Christopher David – an Uber driver himself at the time – saw an opportunity for a decentralized, driver-owned rideshare. Think of Arcade City as Uber onRead More
Toyota Motor Corp. and Volkswagen Group are jumping into the rideshare game with strategic investments, the companies announced today. Through a collaboration withUber, Toyota Financial Services will launch a new leasing program as part of a broader initiative to boost its mobility efforts. Volkswagen, meanwhile, will invest $300 million in global ride-hailing providerRead More