TAXI & FHV

Lyft IPO could raise $2.1 billion at $18.5 billion valuation

Lyft IPO could raise $2.1 billion at $18.5 billion valuation

Ride-hailing startup Lyft hopes to raise up to $2.1 billion in its IPO as it launches a roadshow to drum up investor support, Venturebeat reports. Starting this week, the company will begin meeting directly with large investment funds to answer questions and ease concerns that the company is bleeding massive amounts of red ink, even(…)

PRODUCT NEWS

Coming soon: Wheelchair minibus conversion for VW E-Crafter

Coming soon: Wheelchair minibus conversion for VW E-Crafter

Dutch conversion specialists Tribus, based in Utrecht, developed a wheelchair conversion for the new VW E-Crafter. The 100% electric wheelchair minibus will be available as a 8+1 with a lowered front entrance, TriflexAIR foldings seats and a wheelchair lift at the rear. There is a rising demand for zero emission passenger transport in urban areas.(…)

OPINION

INSTANT INTELL

Uber settles with Dutch prosecutors for $2.6 million fine

Uber settles with Dutch prosecutors for $2.6 million fine

Ride-hailing firm Uber has agreed to pay €2.33 million (US$2.6 million) in a settlement with Dutch prosecutors over the illegal activities of its UberPop service in the Netherlands in 2014 and 2015. The Dutch Public Prosecution Service announced on Friday the US-based company will have to pay fines totaling around €2.025 million across the four(…)

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