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Singapore’s Grain, a profitable food delivery startup, pulls in $10M for expansion

Cloud kitchens are the big thing in food delivery, with ex-Uber CEO Travis Kalanick’s new business one contender in that space, with Asia, and particularly Southeast Asia, a major focus. Despite the newcomers, a more established startup from Singapore has raised a large bowl of cash to go after regional expansion.

Founded in 2014, Grain specializes in clean food while it takes a different approach to Kalanick’s CloudKitchens or food delivery services like Deliveroo, FoodPanda or GrabFood.

It adopted a cloud kitchen model — utilizing unwanted real estate as kitchens, with delivery services for output — but used it for its own operations. So while CloudKitchens and others rent their space to F&B companies as a cheaper way to make food for their on-demand delivery customers, Grain works with its own chefs, menu and delivery team. A so-called ‘full stack’ model if you can stand the cliched tech phrase.

Finally, Grain is also profitable. The new round has it shooting for growth — more on that below — but the startup was profitable last year, CEO and co-founder Yi Sung Yong told TechCrunch.

Now it is reaping the rewards of a model that keeps it in control of its product, unlike others that are complicated by a chain that includes the restaurant and a delivery person.

We previously wrote about Grain when it raised a $1.7 million Series A back in 2016 and today it announced a $10 million Series B which is led by Thailand’s Singha Ventures, the VC arm of the beer brand. A bevy of other investors took part, including Genesis Alternative Ventures, Sass Corp, K2 Global — run by serial investor Ozi Amanat who has backed Impossible Foods, Spotify and Uber among others — FoodXervices and Majuven. Existing investors Openspace Ventures, Raging Bull — from Thai Express founder Ivan Lee — and Cento Ventures participated.

The round includes venture debt, as well as equity, and it is worth noting that the family office of the owners of The Coffee Bean & Tea Leaf — Sassoon Investment Corporation — was involved.

Grain covers individual food as well as buffets in Singapore

Three years is a long gap between the two deals — Openspace and Cento have even rebranded during the intervening period — and the ride has been an eventful one. During those years, Sung said the business had come close to running out of capital before it doubled down on the fundamentals before the precarious runway capital ran out.

In fact, he said, the company — which now has over 100 staff — was fully prepared to self-sustain.

“We didn’t think of raising a Series B,” he explained in an interview. “Instead, we focused on the business and getting profitable… we thought that we can’t depend entirely on investors.”

And, ladies and gentleman, the irony of that is that VCs very much like a business that can self-sustain — it shows a model is proven — and investing in a startup that doesn’t need capital can be attractive.

Ultimately, though, profitability is seen as sexy today — particularly in the meal space where countless U.S. startups has shuttered including Munchery and Sprig — but the focus meant that Grain had to shelve its expansion plans. It then went through soul-searching times in 2017 when a spoilt curry saw 20 customers get food poisoning.

Sung declined to comment directly on that incident, but he said that company today has developed the “infrastructure” to scale its business across the board, and that very much includes quality control.

Grain co-founder and CEO Yi Sung Yong [Image via LinkedIn]

Grain currently delivers “thousands” of meals per day in Singapore, its sole market, with eight-figures in sales per year, he said. Last year, growth was 200 percent, Sung continued, and now is the time to look overseas. With Singha, the Grain CEO said the company has “everything we need to launch in Bangkok.”

Thailand — which Malaysia-based rival Dahamakan picked for its first expansion — is the only new launch on the table, but Sung said that could change.

“If things move faster, we’ll expand to more cities, maybe one per year,” he said. “But we need to get our brand, our food and our service right first.”

One part of that may be securing better deals for raw ingredients and food from suppliers. Grain is expanding its ‘hub’ kitchens — outposts placed strategically around town to serve customers faster — and growing its fleet of trucks, which are retrofitted with warmers and chillers for deliveries to customers.

Grain’s journey is proof that startups in the region will go through trials and tribulations, but being able to bolt down the fundamentals and reduce burn rate is crucial in the event that things go awry. Just look to grocery startup Honestbee, also based in Singapore, for evidence of what happens when costs are allowed to pile up.

Uber may have left Southeast Asia but its APAC HQ remains in Singapore

Uber exited Southeast Asia last year after it sold its local business to Grab but it continues to remain in Singapore, where it has now opened a new regional HQ for Asia Pacific and is hiring for staff.

The company — which is headed for IPO imminently — won’t be restarting its service, however, which puts it in a rather interesting position in Singapore.

The writing has been on the wall for some time, though. TechCrunch reported last August that Uber was on a hiring spree in Singapore, and now that has come to fruition with the opening with a new 2,000 sq meter office near the Central Business District in Singapore. That’ll function as the management center for the nine markets that Uber operates in across Asia Pacific, which include Japan, Korea and Australia. India, Uber’s second largest market, is managed separately to the rest of the continent.

Uber’s Southeast Asia sale — which saw it take a tactical 27.5 percent stake in its Singapore-based rival — gave Grab first refusal on a lot of Uber’s operational talent, but most of Uber’s core management team remained with the company in Singapore. For example, Brooks Entwistle, who was hired as chief business officer for Asia Pacific in 2017, remains stationed there as Uber’s international chief business officer.

Big day for ⁦@Uber⁩ in Asia as we open our new APAC HQ in Singapore. Our awesome team is growing as we deepen our commitment to this city-state and its outstanding tech talent and focus. We are hiring! #Uber #UberEATS #JUMP #Onward #Asia #Singapore https://t.co/BOnOn2GblE

— Brooks Entwistle (@BrooksEntwistle) April 2, 2019

Straits Times reports that Uber’s Singapore headcount is at least 165 with some 17 vacancies open right now. As we reported last year, the company was aiming to hire at least 75 roles to take its Singapore-based team to over “well over” 100 — it seems that it did that and then some.

Grab launches SME loans and micro-insurance in Southeast Asia

In its latest move beyond ride-hailing, Southeast Asia’s Grab has started to offer financing to SMEs and micro-insurance to its drivers.

The launch comes just weeks after Grab raised $1.5 billion from the Vision Fund as part of a larger $5 billion Series H funding round that’ll be used to battle rival Go-Jek, which is vying with Grab to become the top on-demand app for Southeast Asia’s 600 million-plus consumers.

Grab acquired Uber’s Southeast Asia business in 2018 and it has spent the past year or so pushing a ‘super app’ strategy. That’s essentially an effort to become a daily app for Southeast Asia and, beyond rides, it entails food delivery, payments and other services on demand. Financial services are also a significant chunk of that focus, and now Grab is switching on loans and micro-insurance for the first time.

Initially, the first market is Singapore, but the plan is to expand to Southeast Asia’s five other major markets, Reuben Lai,  who is senior managing director and co-head of Grab Financial, told TechCrunch on the sidelines of the Money20/20 conference in Singapore. Lai declined to provide a timeframe for the expansion.

The company announced its launch into financial services last year and that, Lai confirmed, was a purely offline effort. Now the new financial products announced today will be available from within the Grab app itself.

Grab is also planning to develop a ‘marketplace’ of financial products that will allow other financial organizations to promote services to its 130 million registered users. Grab doesn’t provide figures for its active user base.

Grab announced a platform play last summer that allows selected partners to develop services that sit within its app. Some services have included grocery delivers from Happy Fresh, video streaming service Hooq, and health services from China’s Ping An.

Lyft’s imminent IPO could value the company at $23B

Ridehailing firm Lyft will make its Nasdaq debut as early as next week at a valuation of up to $23 billion, The Wall Street Journal reports. The business will reportedly price its shares at between $62 and $68 apiece, raising roughly $2 billion in the process.

With a $600 million financing, Lyft was valued at $15.1 billion in June.

Lyft filed paperwork for an initial public offering in December, mere hours before its competitor Uber did the same. The car-sharing behemoths have been in a race to the public markets, igniting a pricing war ahead of their respected IPOs in a big to impress investors.

Uber’s IPO may top $120 billion, though others have more modestly pegged its initial market cap at around $90 billion. Uber has not made its S-1 paperwork public but is expected to launch its IPO in April.

Lyft has not officially priced its shares. Its S-1 filing indicated a $100 million IPO fundraise, which is typically a placeholder amount for companies preparing for a float. Lyft’s IPO roadshow, or the final stage ahead of an IPO, begins Monday.

San Francisco-based Lyft has raised a total of $5.1 billion in venture capital funding from key stakeholders including the Japanese e-commerce giant Rakuten, which boasts a 13 percent pre-IPO stake, plus General Motors (7.76 percent), Fidelity (7.1 percent), Andreessen Horowitz (6.25 percent) and Alphabet (5.3 percent). Early investors, like seed-stage venture capital firm Floodgate, also stand to reap big returns.

Lyft will trade under the ticker symbol “LYFT.” JPMorgan Chase & Co., Credit Suisse Group AG and Jefferies Financial Group Inc. are leading the IPO.

Lyft recorded $2.2 billion in revenue in 2018 — more than double 2017’s revenue — on a net loss of $911 million.

Lyft declined to comment.

Equity Shot: Lyft files to go public and we’re stoked

Hello and welcome to an Equity Shot, a short-form episode of the show where we dive into a single breaking news story. Guess what we’re talking about today?! It’s Lyft . You guessed correctly.

The Lyft S-1 is the very first major S-1 event of 2019. As you might recall, the government shutdown gummed the IPO process by halting the Securities and Exchange Commission, an agency that plays the most active role in helping a company go public. Now the government is open, and Lyft’s formerly private filing is now a public filing.

You can read Kate’s deep dive here or mine here, but what follows is an overview of what we chatted about on the show. Here’s the SEC filing if you want to follow along.

Up top are revenue and growth. Lyft’s revenue grew from $1.06 billion to nearly $2.2 billion from 2017 to 2018. That’s impressive.

Next is costs. Lyft’s costs rose dramatically during 2018, compared to the year prior. In fact, Lyft’s total cost profile rose from $1.77 billion in 2017 to a staggering $3.13 billion in 2018. That’s a lot, and each figure is far higher than its revenue.

Which lead us to losses. Sure those revenue numbers look hot, but Lyft, at the same time, lost $911 million on 2018 revenue and $688 million the previous year. Though, as Alex points out, that ratio is improving, pointing to a positive (maybe even profitable???) future for Lyft.

However, while the S-1 had its ups and downs, two data points stood out that weren’t GAAP, but did make us appreciate Lyft’s work a bit more. As we explain, Lyft’s share of bookings (total value of services) from its platform is rising as is its revenue-per-rider. Those bode well for the future, too.

We closed the episode with some chatter on Lyft’s plan to reward its drivers. The business is helping drivers — the core of its business — earn a piece of that tasty IPO pie with a $10,000 bonus. TechCrunch’s Megan Rose Dickey has more on that here. Plus, we’d have been remiss not to discuss Lyft’s scooter play, which it apparently spent $60 million on last year.

All that and we got an S-1 done. Let’s have a few more, and quickly.

Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple PodcastsOvercast, Pocket Casts, Downcast and all the casts.

India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding.

The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and it has now been joined by a series of investors who have pumped Rs. 400 crore ($56 million) into Ola Electric. Notably, those backers include Tiger Global and Matrix India — two firms that were early investors in Ola itself.

While automotive companies and ride-hailing services in the U.S. are focused on bringing autonomous vehicles to the streets, India — like other parts of Asia — is more challenging thanks to diverse geographies, more sparse mapping and other factors. In India, companies have instead flocked to electric. The government had previously voiced its intention to make 30 percent of vehicles electric by 2030, but it has not formally introduced a policy to guide that initiative.

Ola has taken steps to electrify its fleet — it pledged last year to add 10,000 electric rickshaws to its fleet and has conducted other pilots with the goal of offering one million EVs by 2022 — but the challenge is such that it has spun out Ola Electric to go deeper into EVs.

That means that Ola Electric won’t just be concerned with vehicles, it has a far wider remit.

The new company has pledged to focus on areas that include charging solutions, EV batteries, and developing viable infrastructure that allows commercial EVs to operate at scale, according to an announcement. In other words, the challenge of developing electric vehicles goes beyond being a ‘ride-hailing problem’ and that is why Ola Electric has been formed and is being capitalized independently of Ola.

An electric rickshaw from Ola

Its leadership is also wholly separate.

Ola Electric is led by Ola executives Anand Shah and Ankit Jain — who led Ola’s connected car platform strategy — and the team includes former executives from carmakers such as BMW.

Already, it said it has partnered with “several” OEMs and battery makers and it “intends to work closely with the automotive industry to create seamless solutions for electric vehicle operations.” Indeed, that connected car play — Ola Play — likely already gives it warm leads to chase.

“At Ola Electric, our mission is to enable sustainable mobility for everyone. India can leapfrog problems of pollution and energy security by moving to electric mobility, create millions of new jobs and economic opportunity, and lead the world,” Ola CEO and co-founder Bhavish Aggarwal said in a statement.

“The first problem to solve in electric mobility is charging: users need a dependable, convenient, and affordable replacement for the petrol pump. By making electric easy for commercial vehicles that deliver a disproportionate share of kilometers traveled, we can jumpstart the electric vehicle revolution,” added Anand Shah, whose job title is listed as head of Ola Electric Mobility.

The new business spinout comes as Ola continues to raise new capital from investors.

Last month, Flipkart co-founder Sachin Bansal invested $92 million into the ongoing Series J round that is likely to exceed $1 billion and would value Ola at around $6 billion. Existing backer Steadview Capital earlier committed $75 million but there’s plenty more in development.

A filing — first noted by paper.vc — shows that India’s Competition Commission approved a request for a Temasek-affiliated investment vehicle’s proposed acquisition of seven percent of Ola. In addition, SoftBank offered a term sheet for a prospective $1 billion investment last month, TechCrunch understands from an industry source.

Ola is backed by the likes of SoftBank, Tencent, Sequoia India, Matrix, DST Global and Didi Chuxing. It has raised some $3.5 billion to date, according to data from Crunchbase.

Go-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continues

Go-Jek is extending its reach in Southeast Asia after its Thailand-based unit made its official launch, which included the addition of a new food delivery service.

Get, which is the name for Go-Jek business in Thailand, started out last year offering motorbike taxi on-demand services to a limited part of Thai capital city Bangkok, now the company said it has expanded the bikes across the city and added food and delivery options. Get’s management team is composed of former Uber staffers while CEO Pinya Nittayakasetwat was recruited from chat app Line’s food delivery business.

Over the last two months, Get claims to have completed two million trips in the past two months. There’s no word on when Get will add four-wheeled transport options, however. On the food side, Get is claiming to have 20,000 merchants on its platform but there are some issues. Rumming through the app, I found a number of listed restaurants that didn’t include menus. In those instances, customers have to input their dish and price which makes it pretty hard to use.

Go-Jek’s Get app in Thailand doesn’t include menus for a number of restaurants, making it nearly impossible to order

Grab is the dominant player in Thailand, where it offers taxis, private cars, motorbikes, delivery and food across eight markets in Southeast Asia. Go-Jek rose to success in its native Indonesia, where it began offering motorbikes on demand but has expanded to cover taxi, cars, food, general services on-demand and fintech. Its investors include Google, Tencent, Meituan and Sequoia India.

That’s the same playbook Grab is using, but Go-Jek is taking its time with its market expansions. Thailand represents its third new market beyond Indonesia, following launches in Vietnam and Singapore. The Philippines is another market where Go-Jek has voiced a desire to be present — it has even made an acquisition there — but regulatory issues are holding up a launch.

Regional expansion doesn’t come cheap and Go-Jek is in the midst of raising $2 billion to finance these moves. It recently closed $1 billion from existing investors, and Deal Street Asia reports that it could raise as much as $3 billion for the entire Series F round. That’s likely in response to Grab’s own fundraising plans. The Singapore-based company closed $2 billion last year, but it is looking to increase that total to $5 billion with a major injection from SoftBank’s Vision Fund a key piece of that puzzle.

Nissan’s old Leaf batteries can power this smart pop-up camper for one week

Nissan has turned its old Leaf batteries into an off-grid camping companion.

The automaker’s Nissan Energy subsidiary worked with camper manufacturer Opus to create the ultimate “smart” pop-up trailer that integrates cells recovered from its first-generation electric vehicles to provide off-grid power. Add in one to two recharges of the accompanying 400W solar panel accessory and campers can listen to tunes and use their smartphones and other devices, including a microwave, for about 7 days, the companies said. The battery pack can be recharged by the solar panel in 2 to 4 hours.

The Nissan x OPUS concept camper debuted this week at the The Caravan, Camping and Motorhome Show in the UK. Inside the smart camper — code for LED lighting and USB sockets for charging — is a veritable glamping wonderland. You can almost smell the pour-over coffee.

Unlike many other concepts that debut at auto shows, components of the Nissan x OPUS are actually coming to market. The Air Opus is already available with a base price of £15,995 (a bit more than $20,000). The Nissan Energy ROAM product will launch in European markets later this year. Pricing for the ROAM wasn’t immediately available.

This isn’t the first time Nissan’s ROAM unit has shown up in a concept product either. It was featured earlier this year in Nissan’s NV300 concept van designed for woodworkers. Nor is this Nissan’s first foray into the secondary battery market. In November, Nissan launched Nissan Energy to create an ecosystem for owners of its electric vehicles. The idea is for owners to be able to connect their cars with energy systems to charge their batteries, power homes and businesses or feed energy back to power grids. The company said at the time, that it will also develop new ways to reuse electric car batteries.

Nissan x AirOPUS

“The Nissan x OPUS concept is a real-world example of how Nissan Energy ROAM can integrate into our lifestyles – in this case the hugely popular leisure activity of camping,” Nissan Energy managing director Francisco Carranza said in a statement.

The concept pairs the Air Opus, a novel off-road pop-up camper that inflates in 90 seconds, with Nissan Energy’s portable power pack called ROAM. The ROAM unit is mounted in a special compartment at the front of the camper, where it can provide a power supply to both the 230-volt circuit and the 12-volt circuit. The battery pack can also be removed and recharged via a standard 230v domestic socket, or by plugging into a solar panel accessory.

The ROAM unit has a storage capacity of 700Wh and a power output for 1kW. That’s enough power to keep smartphones charged and the lights on. The Nissan x Opus camper has a 230v outlet, USB sockets, a 4G mobile WiFi hotspot for up to 10 devices; and even a digital projector with pull-up screen to watch movies. There’s also a 230v portable microwave and a two-burner gas stove and a fridge.

You can watch the marketing video here.

Alibaba-backed Hellobike bags new funds as it marches into ride-hailing

2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a brake on expansion after it was sold to neighborhood services provider Meituan Dianping. But one newcomer is pedaling against the wind.

Hellobike, currently the country’s third-largest bike-sharing app according to Analysys data, announced this week that it raised “billions of yuan” ($1 = 6.88 yuan) in a new round. The company declined to reveal details on the funding amount and use of the proceeds when inquired by TechCrunch.

Leading the round were Ant Financial, the financial affiliate of Alibaba and maker behind digital wallet Alipay, and Primavera Capital, a Chinese investment firm that’s backed other mobility startups including electric automaker Xpeng and car trading platform Souche. The fledgling startup also got SoftBank interested in shelling out an investment, The Information reported in November. The fresh capital arrived about a year after it secured $350 million from investors including Ant Financial.

As China’s bicycle giants burn through billions of dollars to tout subsidized rides, they’ve gotten caught up in financial troubles. Ten months after Ofo raised $866 million, the startup is reportedly mulling bankruptcy. Meanwhile, Mobike is downsizing its fleet to “avoid an oversupply,” a Meituan executive recently said.

It’s interesting to note that while both Ofo and Hellobike fall under the Alibaba camp, they began with different geographic targets. By May, only 5 percent of Hellobike’s users were in China’s Tier 1 cities, while that ratio was over 30 percent for both Mobike and Ofo, a report by Trustdata shows.

This small-town strategy gives Hellobike an edge. As the bike-sharing markets in China’s major cities become crowded, operators began turning to lower-tier cities in 2017, a report from the China Academy of Information and Communications Technology points out.

The new contender is still dwarfed by its larger competitors in terms of user number. Ofo and Mobike command 43 million and 38 million unique monthly mobile installs, respectively, while Hellobike stands at 8 million, accroding to iResearch.

Hellobike’s ambition doesn’t stop at two-wheelers. In September, it rebranded its Chinese name to HelloTransTech to signify an extension into other transportation means. Aside from bikes, the startup also offers shared electric bikes, ride-hailing and carpooling, a category that became much contested following high-profile passenger murders on Didi Chuxing .

In May and August, two female customers were killed separately when they used the Hitch service on Didi, China’s biggest ride-hailing platform that took over Uber’s China business. The incidents sparked a huge public and regulatory backlash, forcing Didi to suspend its carpooling service up to this day. But this week, its newly minted rival Hellobike decides to forge ahead with a campaign to recruit carpooling drivers. Time will tell whether the latecomer can grapple with heightened security measures and fading customer confidence in riding with strangers.

Watch SpaceX’s Falcon 9 ‘Block 5’ rocket take its first re-flight

SpaceX is sending of one of newest Falcon 9 rockets back into space for the second time this early morning U.S. time.

The Falcon 9 ‘Block 5’ rocket is designed to be able to go into space and return 100 times, but these are early days. The rocket leaving today is taking Indonesian satellite Merah Putih in what will be its second trip — a re-flight — into space. If all goes well and the SpaceX robotic drone successfully collects the rocket off the Florida coast as planned, then this particular vehicle will be the first Block 5 to manage a repeat lift-off following a previous trip in May.

The next major focus for the firm is to reduce the preparation time and cost required between the relaunch of rockets. Obviously, there’s plenty of benefits for faster turnaround time and the cost-savings associated. But first thing is first and the vehicle out today could become the first Falcon 9 to go into space three times.

The launch happened a few minutes ago, but you can keep up with progress via the SpaceX live feed above.

China’s Didi Chuxing continues its international expansion with Australia launch

Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month.

The company — which bought Uber’s China business in 2016 — said it will begin serving customers in Melbourne from June 25 following a month-long trial period in Geelong, a neighboring city that’s 75km away. The business will be run by a Didi subsidiary in Australia and it plans to offer “a series of welcome packages to both drivers and riders” — aka discounts and promotions, no doubt. It began signing up drivers on June 1, the company added.

The Australia launch will again put Didi in direct competition with Uber, but that is becoming increasingly common, and also Ola and Didi which both count Didi as an investor — more on that below. This move follows forays into Taiwan, Mexico and Brazil this year as Didi has finally expanded beyond its China-based empire.

Didi raised $4 billion in December to develop AI, general technology and to fund international expansion and it has taken a variety of routes to doing the latter. This Australia launch is organic, with Didi developing its own team, while in Taiwan it has used a franchise model and it went into Brazil via acquisition, snapping up local Uber-rival 99 at a valuation of $1 billion.

It is also set to enter Japan where it has teamed up with investor SoftBank on a joint-venture.

“In 2018, Didi will continue to cultivate markets in Latin America, Australia and Japan. We are confident a combination of world-class transportation AI technology and deep local expertise will bring a better experience to overseas markets,” the company added in a statement.

This international expansion has also brought a new level of confusion since Didi has cultivated relationships with other ride-hailing companies across the world while also expanding its own presence internationally.

The Uber deal brought with it a stock swap — turning Didi and Uber from competitors into stakeholders — and the Chinese company has also backed Grab in Southeast Asia, Lyft in the U.S., Ola in India, Careem in the Middle East and — more recentlyTaxify, which is primarily focused on Europe and Africa.

In the case of Australia, Didi will come up against Uber, Ola — present in Melbourne, Perth and Sydney via an expansion made earlier this year — and Taxify, too. Uber vs Didi is to be expected — that’s a complicated relationship — but in taking on Ola (so soon after it came to Australia), Didi is competing directly with a company that it funded via an investment deal for the first time.

That might be a small insight into Didi’s relationship with Ola. Unlike Grab, which has seen Didi follow-on its investments, the Chinese firm sat out Ola’s most recent fundraising last year despite making an investment in the company back in 2015.

“The ride-hailing industry is still a young business, and the potential for growth is substantial. Competition exists in ride-hailing, like in any flourishing industry. But it leads to better products and services, which ultimately benefits users,” Didi told TechCrunch in a statement when asked about its new rivalry with Ola and Taxify.

Ola declined to comment. Taxify did not immediately reply to a request for comment.

The move into Australia comes at a time when Didi is under intense pressure following the death of a passenger uses its ‘Hitch’ service last month.

The company suspended the Hitch service — which allows groups people who are headed in the same direction together — and removed a number of features while limiting its operations to day-time only. This week, it said it would resume night-time rides but only for drivers picking up passengers of the same sex.

Waymo orders thousands of Pacificas for 2018 self-driving fleet rollout

 Waymo has ordered thousands of new Chrysler Pacifica minivans from FCA to help populate its autonomous ride-hailing fleet, which it will open to the public in 2018, the company says. The public launch of its Pacifica-based self-driving ride hailing service is set to occur sometime later this year, after Waymo starts testing its minivans without anyone behind the wheel, achieving true Level… Read More

GM and Cruise reveal their fourth-generation, steering wheel-free Cruise AV

 GM and Cruise are making progress on their plan to deploy autonomous vehicles on roads for the public: Today, it’s showing off its fourth-generation Cruise Autonomous Vehicle (AV), which comes just a few short months after it first revealed its third-generation vehicle. The fourth generation car is production-ready, according to GM’s Dan Ammann, who discussed the new vehicle on a… Read More

Lyft gets approval to test self-driving cars on public roads in California

 Lyft is the latest company to be added to the ever-growing list of those permitted to test their self-driving technology on California state public roads. The California Department of Motor Vehicles added Lyft to the list recently (via Axios), following Lyft’s foundation of a self-driving technology development center earlier this year, and its announcement that it would work on both its… Read More

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Uber’s Asian rival Grab loses its head of engineering

 Grab may be in the process of raising a huge $2.5 billion investment round, with SoftBank, Didi and Toyota confirmed as participants, but Uber’s Southeast Asia-based rival has lost its head of engineering.
Arul Kumaravel, VP of engineering at Grab, has left the company for person reasons, according to a source. It’s not yet clear what his next plan is. Grab confirmed the… Read More

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Uber forced to raise prices by up to 80% in Hong Kong

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If you’re going to be hailing an Uber in Hong Kong — expect to pay a lot more, starting today.

The ride hailing giant has hiked its minimum fare in the territory by as much as 80 percent, a decision that came after an “evaluation of the marketplace.”

Uber announced that the price hike starting Monday would affect UberX, UberBlack and UberAssist services.

The company will also be introducing an additional booking fee of $0.64 (HK$5).

For UberX for example, the minimum fare from Kowloon to the New Territories would be raised from $3.20 (HK$25) to $5.11 (HK$40) — with the booking fee charge, that’s $5.75 (HK$45). Read more…

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Uber suspends its service in the Philippines following ban over unregistered drivers

 Uber has suspended its services in Philippines after the national regulator banned it from operating for one month. The country’s Land Transportation Franchising and Regulatory Board (LTFRB) ordered a cease and desist against the U.S. ride-hailing firm on Monday over its apparent flouting of a ban on new drivers. The company initially lodged an appeal and continued with its service,… Read More

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Kakao is putting speech recognition tech into cars from Hyundai and Kia

 Less than a month after announcing plans to spin out its transportation and mobility business, Korean tech firm Kakao has inked deals to put hands-free systems inside cars from Korea’s second largest automotive firm Hyundai and its Kia affiliate.
Kakao is best known for operating Korea’s top messaging app, Kakao Talk, which is installed on over 95 percent of the country’s… Read More

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U.S. Department of Justice is reportedly investigating Uber’s controversial ‘Greyball’ program

 It looks like there’s more trouble round the corner for Uber. Reuters is reporting that the U.S. Department of Justice has opened a criminal investigation into the company’s controversial “greyball program” which helped it sidestep law enforcement officials and regulators. The existence of the program was made public in early March following an explosive report from The… Read More

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Nutonomy teams up with Peugeot-maker Groupe PSA for self-driving car tests in Singapore

 Nutonomy, the self-driving car startup that span out of MIT in 2013, has inked a deal that will see it work with Peugeot-maker Groupe PSA to test autonomous vehicles in Singapore. Nutonomy is more than familiar with Singapore: it has a relationship with local Uber rival Grab and the Singapore Economic Development Board was an investor in its recent $16 million fundraising. This new tie-in… Read More

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ChargePoint is ready for flying EVs

ChargePoint and Uber Elevate Yesterday I wrote about a poll conducted by researchers at the University of Michigan that found people were interested in flying cars if they were autonomous, shared, and electric. As soon as I posted that, I found an email in my inbox saying that ChargePoint and Uber Elevate, among others at the recent conference on flying vehicles, had partnered to prepare for just that exact… Read More

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Tesla Model 3 is ‘just a smaller, more affordable’ Model S, says Elon Musk

 The Tesla Model 3 is not a product iteration along the lines of successive iPhones, Elon Musk clarified on Twitter on Friday. Instead, it’s a “smaller model affordable versions of Model S” with less range, less power and fewer features, according to the Tesla CEO. The Model S is still going to be the leader in terms of it technological capabilities – so think more iPhone… Read More

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Land Rover’s new Discovery search and rescue SUV has a roof-mounted drone

 A special version of the new Land Rover Discovery dubbed ‘Project Discovery’ and designed for search and rescue operations is actually being deployed with the Austrian Red Cross – complete with a quadcopter drone that can take off from and land on the SUV, even while it’s moving. Magnets lock the drone in place while the Discovery is login, and the drone can assist… Read More

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Researcher finds bug that allowed free Uber rides

Photo: Richard Boll/Photographer's Choice/Getty Images Uber has patched a bug in its code that allowed a researcher — and anyone else who might’ve discovered the problem — to hail Uber rides without paying for them.
Anand Prakash, a security researcher, discovered the bug in August and received permission from Uber to test it in the U.S. and India. He was able to successfully exploit the bug, getting free rides in… Read More

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Uber loses legal challenge against English tests for London drivers

LONDON, ENGLAND - AUGUST 03:  The Uber app logo is displayed on an iPhone on August 3, 2016 in London, England.  (Photo by Carl Court/Getty Images) The bad news just keeps piling up for Uber. The ride-hailing giant has lost a court battle against London’s transport regulators which have been seeking to raise the level of English spoken by private hire vehicles on safety grounds, requiring that all drivers pass an English proficiency test this year. Read More

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GM’s new Maven Reserve service offers monthly vehicle rentals

New for 2017, the Tahoe and Suburban LT models are offered with a Midnight Edition package. The LT Midnight includes all of the features found on both the LT trim levels of Suburban and Tahoe and adds 20” black wheels, all-season tires, roof rack cross rails, black assist steps and black Chevrolet “bow tie” logos. Alternative models to car ownership now abound, and GM’s putting one more on the table: Maven Reserve, an offering within its Maven on-demand rental service that lets users rent new GM cars for 28 days at a time, complete with parking, insurance and $100 in gas credit. These will cost you, however: The Chevrolet Tahoe is one of the initial offerings, with a $1,500 flat rate for the… Read More

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Uber employees are chatting with each other about Uber’s leadership on anonymous workplace app Blind

the_new_uber_app_04b Uber employees have flocked to an anonymous workplace app called Blind as a sort of catharsis since ex-Uber engineer Susan Fowler Rigetti posted about being propositioned and discriminated against while working for the company, according to Blind’s founder Alex Shin.
Rigetti’s explosive post went viral late Sunday night, leading to more than double an increase of Uber employees… Read More

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Former Uber engineer says company ignored repeated reports of sexual harassment

FILE - In this Dec. 16, 2015 file photo a man leaves the headquarters of Uber in San Francisco. Uber and advocates for the blind have reached a lawsuit settlement in which the ride-hailing company agrees to require that existing and new drivers confirm they understand their legal obligations to transport riders with guide dogs or other service animals. The National Federation of the Blind said Saturday, April 30, 2016, that Uber will also remove a driver from the platform after a single complaint if it determines the driver knowingly denied a person with a disability a ride because the person was traveling with a service animal. (AP Photo/Eric Risberg, File) Susan Fowler, a former site reliability engineer for Uber and current engineer at Stripe, accused the company of rampant sexual harassment and human resources negligence in a blog post published today.  It’s the latest in a series of events that point to serious questions about Uber’s company culture. Fowler claims that on her first day out of training, she was solicited for sex… Read More

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Ford invests $1 billion in Pittsburgh-based Argo AI to build self-driving cars by 2021

City traffic at night Ford has invested $1 billion in a joint venture with Argo AI, a Pittsburgh-based company with ties to Carnegie Mellon. The goal is to completely outfit Ford vehicles with self-driving technology. Interestingly this isn’t a case of a large company simply hiring talent but the creation of an entirely separate company with an independent equity structure.
Ford is the “majority… Read More

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Driving the 2017 Chevrolet Bolt EV

bolt-ev147a0384 The Bolt is designed to be approachable and at least a little familiar at first, even though it’s actually a very different kind of car under the hood, thanks to its 60 kWh battery and electric motor. Chevrolet knows that a lot of its owners will be first-time EV buyers, and that there’s a learning curve when you’re coming from a long history of driving gas-powered cars. Bolt… Read More

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