Tag: category-/Travel

Paris sues Airbnb for $14 million over illegal advertisements

(Reuters) — The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros ($14 million), the mayor of Paris told a newspaper in an interview published on Sunday. Under French law, home owners in Paris can […]

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Uber gets kicked out of Barcelona — again

(Reuters) — Ride-hailing companies Uber and Cabify are to suspend their services in Barcelona in response to the regional government’s imposition of limits on how they operate in the city. The Catalan government ruled that ride-hailing services could only pick up passengers after a 15-minute delay from the time they […]

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Alphabet’s Waymo unveils its first commercial driverless taxi service: Waymo One

Alphabet’s self-driving car unit Waymo today took a huge step toward launching its first public self-driving taxi service. Waymo has been testing a driverless car service in Phoenix for a while already, but today the company officially lifted the lid on its first commercial service that riders can actually pay […]

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Andreessen Horowitz leads $154 million investment in corporate travel startup TripActions, at over $1 billion valuation

Corporate travel management company TripActions has raised a whopping $154 million in a series C round of funding led by Andreessen Horowitz, with participation from Lightspeed Venture Partners, Zeev Ventures, and SGVC. This takes the company’s total funding to $236 million, and bestows upon it a valuation of more than $1 billion, according to […]

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GV leads $16 million investment in venue-booking marketplace Peerspace

Peerspace, an online marketplace that helps people find and rent short-term locations for specific events, has raised $16 million in a series B round of funding led by GV, Alphabet’s investment arm, with participation from Foundation Capital and Red Bridge Partners. Founded out of San Francisco in 2013, Peerspace is built on a simple proposition: You want […]

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Booking Holdings enters ‘strategic partnership’ with Didi Chuxing, invests $500 million

Didi Chuxing, one of China’s largest ridesharing companies, today announced a strategic partnership with Bookings Holdings (formerly Priceline), the parent company of Booking.com, that’ll see the two companies share resources and expertise. Under the terms of the arrangement, Bookings Group will invest $500 million in Didi Chuxing, and its brands — which include Agoda, Kayak, Cheapflights, OpenTable, […]

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Lime raises $335 million, including from Uber, whose app will now offer scooters

Red-hot mobility startup Lime announced it has raised a $335 million round of venture capital that is notable not only for its size, but also for the name of a critical participant: Uber. The troubled ride-hailing giant will now begin renting Lime’s scooters via its app in addition to pumping its money into the startup, […]

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Lyft reportedly in talks to buy Spain’s Cabify for $3 billion

In the latest sign of its growing confidence, U.S.-based Lyft is reportedly in talks to buy Cabify of Spain as it looks to take a major step toward expanding in European and Latin American markets. Spain’s El Confidencial newspaper reported the talks, a story that was spotted by Tech.eu. While the deal would be one […]

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Uber returns to Finland after transport law reform

(Reuters) — Uber will re-start its ride-hailing business in Finland on Wednesday after a one-year pause, it said, seeking to benefit from the country’s transport law reform. The U.S. company has come under pressure from traditional taxi drivers and regulators across Europe, who accuse it of unfair competition and skirting traditional licensing rules. In Finland, […]

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Google, Lyft, Uber, and others form a coalition to examine the impact of self-driving cars

Autonomous cars carry a lot of emotional baggage for a technology in its infancy. A whopping 73 percent of Americans say they would be afraid to ride in an autonomous vehicle, according to the American Automobile Association (AAA), and self-driving cars are expected to leave as many as a million service drivers — including taxi […]

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