Mobile application-based ride sharing services such as Uber and Lyft have revolutionized the urban taxi landscape in the past few years. Now, the idea of doing something similar to fill out trucks to full capacity is catching fire.
LOS ANGELES, CA - 07/28/2016 (PRESS RELEASE JET) — RideBidz Inc. and Ironbound Logistics announce their partnership. RideBidz Inc. will be working with Iron Bound Logistics to increase the number of trucks and independent drivers throughout California, Nevada, Arizona, Oregon and Utah before expanding across the United States. By RideBidz applying their technology, Ironbound Logistics will increase profits, optimize the trucks direct timing and help facilitate additional drivers to create a 24/7 rotational program.
Ride sharing delivery startup Roadie has launched itself with a series A funding round totaling $10 million. The investors in the round include UPS, Warren Stephens of Stephens Inc., TomorrowVentures and others.
The company was founded by Marc Gorlin, who’s the CEO. Gorlin is also a cofounder of Kabbage, which provides working capital to small businesses. Gorlin will remain involved with the company as Chairman of the Board.
The founders of Lyft, the ride-hailing service, have long imagined that the future of transportation would involve fewer cars on the road. Now General Motors is helping the start-up reach that goal.
Lyft announced on Monday that G.M. had invested $500 million in the company, or half of its latest $1 billion venture financing round. The funding, which recently closed, values Lyft at $4.5 billion, not including the new capital.
Uber Technologies Inc. became one of the world’s most valuable startups by creating a new way to transport millions of people in more than 300 cities. Investors in Uber are enthusiastic about the potential, valuing the privately held company at $41 billion in its last funding round. Uber is in talks to raise a new funding round at a valuation of $50 billion or more, people familiar with the matter have said, roughly equal to FedEx Corp.’s stock-market value.
If the deal is finalized, Microsoft’s contribution would be a substantial amount of the financing, which totals about $1 billion. Uber recently acquired a portion of Microsoft’s mapping-technology assets and extended employment offers to more than 100 Microsoft employees.
San Francisco-based Uber has told investors it plans to invest $1 billion in China, the Financial Times reported. China’s car-hailing industry is currently dominated by Didi Kuaidi, which accounts for 78 percent of ride bookings, according to Analysys International, an industry researcher.
Seems like every week somebody weighs in with a new study describing the size of the app market. World Mobile Applications Market reported in January 2011 that the mobile app market will grow from $6.8 billion in 2011 to $25 billion over the next four years. That same month, Gizmag.com reported that Gartner estimated 2013 app revenue at $29.5 billion. A month earlier, IDC estimated $35 billion in worldwide app revenue by 2014. Whatever number you want to use, it’s big.