For Toyota Pilot Programs, Focus Moves to Utilization From Ownership [VIDEO]

Toyota Finance Services has deployed several pilots in ridesharing and car rental services. The company gave specific insight into the findings from two of these pilots at this year’s Auto Finance Summit. “A variety of scenarios are going to coexist in the future, it’s between personally owned and shared, and autonomous vehicles and driver-driven,” Sabreen […]

Uber and Lyft IPO Likely to Boost Subscription Services

With ridesharing giants Uber and Lyft establishing details of their plans for public offerings, companies that offer subscription services will likely see a boost, Mike Furnari, chief business development officer for HyreCar, told Auto Finance News. With Uber valued at $120 billion in an IPO, the ridesharing company is more prominent than some major OEMs, […]

Toyota Accelerates Ride-Hailing Investments With New Uber Deal

Toyota Motor Corp. is investing $500 million in Uber Technologies Inc. as the OEM continues its efforts to become a true competitor in the autonomous vehicle space, the companies announced on Monday. Uber will combine its autonomous driving system with Toyota’s Guardian technology, which uses sensors to help human drivers avoid accidents, according to a […]

Getaround Poised to Meet Carshare Demand With $300M Investment

Carsharing app Getaround raised $300 million in series D funding today — led by investments from SoftBank and Toyota Motor Corp. — at a time when the sector could get a boost from New York City regulations.  Getaround is the latest to join SoftBank’s contingent of mobility startups it backs, which include Uber, China’s ride-hailing […]

HyreCar Executive to Present Innovation Trends at Auto Finance Summit 2018

Mike Furnari, chief business development officer of HyreCar, will give a presentation at the Auto Finance Summit on the impact of ridesharing and autonomous vehicles in the lending space. The session will take place in the Innovation Track on the second day of the summit — Thursday, October 25 at 4 p.m. at The Wynn, Las […]

Rental Company Seeks Rideshare Partnerships as Competition Mounts

HyreCar, a rental company targeting rideshare drivers, is using the proceeds from its $12.5 million initial public offering toward forging partnerships that will improve its marketing capabilities, Chief Executive Joe Furnari told Auto Finance News. However, analysts have spotted some red flags for the Los Angeles-based company, as net losses have outpaced revenue since its […]

HyreCar Files for IPO, Seeks to Sell 2M Shares

Car-sharing platform HyreCar is looking to go public, according to a filing with the Securities and Exchange Commission on Wednesday. HyreCar intends to offer 2 million shares, with an additional 300,000 set aside for underwriters, at $5 to $6 a piece. Network 1 Financial is currently the sole underwriter. As a peer-to-peer car-sharing marketplace, HyreCar allows car […]

Uber Partners With Carshare Startup Getaround

Uber has partnered with startup Getaround to offer carsharing on its platform, in addition to offering bikesharing and tickets for public transport in an effort to become a multi-modal platform. Uber and Getaround announced last week that Uber customers in San Francisco will be able to instantly find and rent cars shared on Getaround using the Uber app. The […]
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