Uber Technologies Inc. is a transportation network company. Uber offers services that include peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system.
The company operates in 785 metropolitan areas globally. Its platforms can be accessed through its websites and mobile applications.
Uber has an estimated 110 million worldwide users and a 69.0% market share in the United States. Uber is a gold member of the Linux Foundation and it has a five star privacy rating from the Electronic Frontier Foundation.
Uber is committed to becoming a fully electric, zero-emission platform by 2040, with 100% of rides taking place in zero-emission vehicles, on public transit, or with micromobility.
The company considers it as its responsibility as the largest mobility platform in the world to more aggressively tackle the challenge of climate change. In doing this, the company intends to offer riders more ways to ride green, helping drivers go electric, making transparency a priority and partnering with NGOs and the private sector to help expedite a clean and just energy transition.
The coalition announcement follows a call to action issued by the White House for corporations to help support national vaccination efforts.
Uber on Tuesday announced it was buying alcohol-delivery service Drizly for $1.1 billion.
Drizly was founded in 2012 by three Boston college grads.
It attracted almost $120 million in venture funding.
The company went on to raise an estimated total of $119.6 million in venture funding, according to Crunchbase, which included big-check growth rounds from firms like Tiger Global Management and Avenir Growth Capital.
In a bid to expand its share of the U.S. food delivery market, Uber made an acquisition offer for San Francisco-based Postmates. At the time of the acquisition, Uber said it will continue to operate Postmates as a separate brand, but Postmates will utilize certain infrastructure and driver capacity developed by Uber. The transaction will need to be approved by U.S. regulators and is expected to be finalized in Q1 2021.
Wachtell, Lipton, Rosen & Katz served as legal counsel to Uber. J.P. Morgan Securities LLC served as financial advisor and Latham & Watkins LLP as legal counsel to Postmates.
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- Travis KalanickCo-founder and former CEO of Uber.
- Dara KhosrowshahiIranian-American businessman, serving as CEO of Uber since 2017.
- GVThe VC Fund formerly known as Google Ventures. GV provides venture capital funding across fields of life science, enterprise technology, consumer products and services and frontier technology.