Ride-Hailing News

Related Automotive Services Industry News

• In December 2022, AutoNation Inc., one of America's largest automotive retailers, announced the acquisition of RepairSmith, a full-service mobile solution for automotive repair and maintenance headquartered in Los Angeles, CA, with a significant operational footprint in the southern and western United States.
• In May 2022- American Tire Distributors and Monro, Inc. announced that they have entered into a definitive agreement according to which ATD will acquire Monro's wholesale tire distribution assets, operating under the Tires Now name ('Tires Now').
• In March 2022, Monro Inc. signed a definitive agreement to acquire Mountain View Tire & Service Inc., adding USD 45 million in expected annualized sales and expanding its presence in an attractive western region with a total of 116 stores.

• December, 2022: Online crane rental service based in Dubai MyCrane has its own operation in the United States. The company stated that it chose to set up its own operations in the United States rather than appointing a franchisee, as it has done in other locations.
• November, 2022: Maxim Crane Works L.P. has announced the launch of Maxim MarketplaceTM, a new online marketplace for used equipment sales. With hundreds of fleet-owned cranes and support equipment to sell, the US rental giant is refreshing its fleet via its own cutting-edge online used equipment sales platform developed in collaboration with Krank, the industry's first software developer.
• October, 2022: The 50-tonne 653 E Electro Battery is Sennebogen's first battery-powered telescopic crawler crane. It was created in collaboration with dealer Van den Heuvel for the Dutch crane rental and construction markets, and it features coordinated battery technology and analog charging management.
• March, 2022: MyCrane has released a free selector tool to assist users in determining the best crane for their lift, as well as the crane's capacity and optimal configuration. The company has completed its digital crane rental tool and improved the customer's work process.

• October 2022: Sixt SE signed an agreement with BYD Co. Ltd to buy 1,00,000 electric vehicles by 2028. These electric vehicles are used to offer rental services throughout Europe.
• February 2022: Hertz announced an investment to expand electric vehicle commitment with a new UFODRIVE partnership. As Hertz's commitment to leading the future of mobility, the company invested in UFODRIVE - the leading self-service electric vehicle rental company and eMobility service provider in Europe.
• September 2021: the Stellantis brand Leasyslaunched a long-term commercial vehicle rental system, LeasysPro, designed for companies, small and medium-sized enterprises, and self-employed professionals, LeasysPro enables customers to rent a commercial van with all the services included.
• March 2021: Europcar Mobility Group launched a brand-new range of subscription offers for companies, allowing fully flexible vehicle rentals with 3 offers - "Flex", "Superflex", and "DuoFlex"- which are alternatives to fixed-term leasing or ownership, offering the convenience of a monthly subscription.

• June 2022: Audi, a premium car maker, inaugurated an ultra-rapid charge hub site in Germany. The e-lounge is compatible with charging electric vehicles and includes an e-bike-sharing facility.
• May 2022: Maribor launched a new bike-sharing system in the Slovenian city of Maribor. The new bike-sharing system is called Mbajk and includes 210 bicycles based in 21 stations in the city center.
• April 2022: Galilo announced that it shared its e-bike for an electric bike-sharing program in Barcelona metropolitan area. Transports Metropolitana de Barcelona will manage the program. It will consist of 2,600 electric bikes for 236 docking stations in 15 municipalities.

In August 2021, Lumi launched state-of-the-art booking platforms to enhance the customer experience in car rental for Saudi Arabia. The new intuitive and seamless digital platforms further streamline and automate the online booking process, providing customers a quick, secure, and hassle-free experience.

In August 2021, Invygo announced that it raised USD 1.9 million in a pre-Series A round from several venture capitals and angel investors. The funding may help the company to create partnerships with dealers and car rental companies, providing its customers with a diverse catalog of cars.

• In February 2022, In February 2022, UFODrive raised 19 million US dollars in its Series A funding round. The main investors are car rental company Hertz and the private equity firm Certares. Hertz plans to use UFODrive's digital rental and fleet management technology to operate its global electric car fleet.
• In February 2022, Udrive, the UAE's homegrown brand providing a pay-per-minute car rental service, completed another strong funding round with investments of USD 5 million from Cultiv8 and Oman Holding International. The investment will support Udrive for the upcoming expansion in the region and enhancements of its technology.
• In November 2021, Hertz rentals partnered with Tesla Motors to supply 100,000 Model 3S by 2022, and half of these vehicles are expected to be rented out to Uber drivers.
• In April 2021, GoAir partnered with Eco Europcar and launched car rental services across 100 cities in India, including 25 airports. Through Eco Europcar, GoAirwill is offering Chauffeur-driven cars from mid to luxury car segments.
• In February 2021, Theeb Rent a Car, a Saudi-based car rental firm, expanded its car rental fleet in the Kingdom. The company's expansion strategy is to modernize and develop its fleet to offer different car brands and models to its customers.

• In October 2021, Uber announced a new partnership with Hertz, a rental car company. Under this partnership, the companies will offer 50,000 Tesla Inc. vehicles as a rental option for Uber's ride-hail drivers by 2023. Uber drivers can rent a Tesla through Hertz starting on November 1, in Los Angeles, San Francisco, San Diego, and Washington DC, with the program expanding to cities nationwide.
• In October 2021, Ola acquired GeoSpoc, a geospatial services provider, to build the next generation of location technology, including real-time, three-dimensional, and vector maps.
• In January 2021, Grab and Panasonic announced a partnership to use Panasonic's air purifiers in taxis to enhance customer experience.

• In January 2022, Northrop & Johnson announced a partnership with Master & Dynamic, a renowned audio brand. This partnership will provide a Northrop & Johnson client with Master & Dynamic headphones, especially curated playlists, alongside other wellness items ideal for enjoying onboard a luxury yacht.
• In January 2021, Burgess announced a new partnership with Marine Solutions in India. With this collaboration, Burgess aims to better serve its existing clients and build new relationships in India, enhancing its charter offering in the Indian Ocean.
• In January 2021, Northrop & Johnson announced a partnership with Ulysse Nardin to further enhance the offerings, experience, and value to the wealthy and discerning clientele.

• In February 2022, Yanmar Holdings acquired GetMyBoat, a boat rental company. The acquisition is a part of the former company's $21 million funding round and after the acquisition as well, GetMyBoat will be operating as separate entity.
• In June 2021, Vision Marine Technologies, Inc. acquired EB Rental Ltd. a electric boat rental company.
• In Aug 2020, Click&Boat acquires Nautal, a main competitor in the boat rental market of Europe. The company now has a dominating position in the international boat rental sector. With this acquisition, the group aimed to reach USD 115 Million in 2021.

Since it's inception to April 2021 Didi Chuxing's bike-sharing company, Qingju, has raised USD 23.2 billion fundind in 26 rounds and also made strategic investment in other companies including Bolt, Lyft and Grab.

In January 2021, Lime partnered with Edenred Benefits to provide commuting benefits to 10,000+ employers and subsidiazing trips to cater 10 million employess which is likely to propel demand of post pandemic effects as work landscape emerges.

In early 2021, Pennsylvania (Pittsburgh) has taken initiative through community coalition to improve participation in bike sharing system. Primarily targetting the youth in order to shape the business sphere on rapid pace.

In February 2020, Didi Chuxing's bike-sharing company, Qingju, raised USD 600 million in Series B funding.

In December 2020, Mobike ceased operations after a full integration into its parent company, Meituan. An updated notice on Mobike's app, WeChat mini program, and website directed users to log in through the Meituan app.

In February 2020, the new public bike sharing system was launched in the Italian Municipality of Trieste. The system, known as BiTS, is being implemented as part of the city's Integrated Sustainable Urban Development Plan (PISUS) at EUR 390,000, with the aim of developing sustainable mobility by promoting walking and cycling to reduce urban pollution.