Category: Taxi Industry Newsletter – July 2017

Ride-hailing firm Grab to get $2.5 billion as firms pump funds into SE Asia startups

Publication: Reuters, Ride-hailing firm Grab expects to raise $2.5 billion to spend extending its lead over Uber Technologies Inc and expanding into financial services, in the latest injection of funds into Southeast Asia’s burgeoning tech scene. Chinese peer Didi...
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Autonomous cars will create a trillion dollar passenger economy

Publication: TNW, Drivers are becoming riders. As ride services and autonomous vehicles become the norm, the new “Passenger Economy” will thrive as we strive to fill the reclaimed time once spent behind the wheel. Intel predicts that the value of goods...
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Elon Musk predicts the 3 biggest changes hitting the auto industry in 20 years

Publication: Business Insider, Tesla CEO Elon Musk listed the three biggest ways the auto industry will change in the next 20 years at the National Governors Association on Saturday. To read the article click here
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Uber, Lyft take down not just cab drivers, but also lenders

Publication: CNBC, Ride-hailing apps such as Uber and Lyft have been so disruptive to New York City’s taxi industry, they are causing lenders to fail. Three New York-based credit unions that specialized in loaning money against taxi cab medallions,...
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