Local Transit

Go-Jek Snags Undisclosed Funding From Thailand’s Largest Bank

Go-Jek Snags Undisclosed Funding From Thailand’s Largest Bank

Anuchit Nguyen and Yoolim Lee, Bloomberg

Southeast Asian banks are investing in the region's biggest ridehailing rivals, Go-Jek and Grab, to hitch a ride on their expansion into financial services. These unicorns have moved beyond ridehailing, with payments being a hotly-contested battleground.

1 week ago

Japan’s Ridehailing Ban Forces Uber to Think Up Unique Strategies

Japan’s Ridehailing Ban Forces Uber to Think Up Unique Strategies

Takahiko Hyuga and Pavel Alpeyev, Bloomberg

Uber wants to grow in Japan, home to its biggest investor. But ridehailing is banned there. What's a person to do? Come up with innovations, some of which it can carry globally. Here's how.

2 weeks ago

Grab Invests in Splyt to Give Users a One-App Ridehailing Solution Globally

Grab Invests in Splyt to Give Users a One-App Ridehailing Solution Globally

Raini Hamdi, Skift

What if you could use your everyday ridehailing app anywhere in the world? No more cumbersome downloads of another app or losing loyalty points from your app. That’s what Grab wants to achieve with its investment in Splyt. Too good to be true?

3 weeks ago

Uber to Launch Helicopter Rides in New York City

Uber to Launch Helicopter Rides in New York City

Hailey Waller, Bloomberg

It makes sense that Uber would start carving out a market in the air mobility space. Launching helicopter ridehailing is a first step toward paving a path for its electric vertical take-off and landing aircraft, which are currently in development.

1 month ago

Greyhound Up for Sale as Owner Bows to Investor Pressure

Greyhound Up for Sale as Owner Bows to Investor Pressure

John Bowker and Lisa Pham, Bloomberg

It didn't take long for activist investor Coast Capital to get its way. Let's see who wants to buy Greyhound.

2 months ago

Startups Target Asian Markets for Flying Taxis Debut

Startups Target Asian Markets for Flying Taxis Debut

Richard Weiss and Stefan Nicola, Bloomberg

Air taxis that can transport tourists and provide support flights after natural disasters can’t happen soon enough. However regulatory hurdles may delay their debut. Fortunately in Asia, cities such as Singapore and Dubai love them.

2 months ago

Rail Is the Next Big Thing for Asia’s Online Travel Platforms

Rail Is the Next Big Thing for Asia’s Online Travel Platforms

Raini Hamdi, Skift

After low cost carriers, the next big thing that will change the way Asians travel could be rail. A rail-volution is in the air and online travel platforms want in. But it’s not that easy. Here’s why.

5 months ago

Bad News for Jakarta Tourism as Mass Rapid Transit Project Hits a Glitch

Bad News for Jakarta Tourism as Mass Rapid Transit Project Hits a Glitch

Yoga Rasmana, Bloomberg

Any postponement of Mass Rapid Transit construction in Jakarta is bad news, not just for residents but business travelers and tourists who also must deal with crawling traffic. Hopefully, it's just a temporary glitch.

6 months ago

Uber CEO Hopes IPO Will Solve Its Saudi Arabia Investor Problem

Uber CEO Hopes IPO Will Solve Its Saudi Arabia Investor Problem

Dennis Schaal, Skift

Uber needs to shed its Saudi Arabia investment as long as Crown Prince Mohammed Bin Salman remains in power, and the country bombs innocents in Yemen. Uber's leaders know they have to do this, but how they dump their Saudi investment and the extent of the divorce remain to be seen.

7 months ago

Recall Puts Spotlight on Dominant Chinese Scooter Manufacturer

Recall Puts Spotlight on Dominant Chinese Scooter Manufacturer

Mark Bergen and Joshua Brustein, Bloomberg

Micro-mobility providers have a long way to go in terms of smooth functionality. Will scooters eventually suffer the same fate as the Segway?

7 months ago

Bird Rides Sues Beverly Hills Over Electric Scooter Ban

Bird Rides Sues Beverly Hills Over Electric Scooter Ban

Edvard Pettersson, Bloomberg

Who controls the streets? Cars, buses, bikes, pedestrians, motorcycles, skateboards or scooters? It's a question perplexing big cities, as new business models and the sharing economy exert their influence. That's the underlying issue in Bird Rides Inc. v. City of Beverly Hills.

9 months ago

Future of Electric Transportation Will Be on Two-Wheel Vehicles, Not Cars

Future of Electric Transportation Will Be on Two-Wheel Vehicles, Not Cars

Adam Minter, Bloomberg

Take off your Western blinders and see how much of the world gets around on pollution-heavy two-wheel vehicles. That's where the disruptive force of clean, electric transportation may lie.

9 months ago