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Uber launches #SwitchToPool Campaign in Six Cities in India to Promote Carpooling

Uber will encourage more riders to use uberPool by making it the default option on the app for riders

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Uber cab. VOA

New Delhi, December 12, 2016: In its bid to promote carpooling, online cab service provider Uber on Monday launched #SwitchToPool campaign in six cities — New Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai — where it currently provides its uberPOOL facility.

With uberPOOL, the company aims to find a solution to the rising pollution levels and congestion in the Indian cities.

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“Our experience across cities in India and globally shows that alternate methods of commute, carpooling and ride-sharing have made a tangible difference. Today, more than 20 per cent of our rides are on uberPOOL in the cities where we offer the service,” said Amit Jain, President of India and South Asia, Uber, in a statement.

Uber will encourage more riders to use uberPool by making it the default option on the app for riders and rolling out special ‘pledge and win offers’ through the end of the year.

The company will also share the impact made by riders across India on the environment by switching to pool through a live microsite that will be updated on a daily basis.

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Additionally, riders will get a weekly update on their personal contribution to encourage them to continue to be part of the solution.

This is how it works.

Input your destination, select the uberPOOL option and each pool ride can accommodate you and one or two other passengers heading in the same direction.

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“Shared rides are up to 50 per cent cheaper than travelling solo on uberGO, irrespective of the destination and adds just a couple of minutes to the total ride time,” the company said.

As part of the #SwitchToPOOL campaign, Uber will also announce promotional offers to raise awareness among citizens. (IANS)

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Uber’s Self-driving Unit Gets $1 bn Investment

According to market sources, the company may provide a price range for its shares later in April and would go public in May

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Uber, bengaluru
Photo shows an exterior view of the headquarters of Uber in San Francisco. (VOA)

The self driving unit of global ride-sharing major Uber has announced a $1 billion investment from Japanese conglomerate SoftBanks Vision Fund, car manufacturer Toyota and automotive component supplier Denso.

“Excited to announce Toyota, Denso and the SoftBank Vision Fund are making a $1 billion investment in Uber, as we work together towards the future of mobility,” Uber CEO, Dara Khosrowshahi tweeted late on Thursday.

Toyota and Japanese auto-parts supplier Denso will together invest $667 million, while Softbank’s Vision Fund will invest $333 million. SoftBank is already Uber’s largest shareholder, the CNBC reported.

Car maker Toyota invested $500 million in Uber in August 2018 when the two companies announced their intention to bring pilot-scale deployments of automated Toyota Sienna-based ridesharing vehicles to the Uber ridesharing network in 2021.

Uber app.

Uber officially filed its IPO process last week with the public filing of its prospectus. It would be listed on the New York Stock Exchange (NYSE) under the symbol “UBER”.

“We have incurred significant losses since inception, including in the United States and other major markets. We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability,” the company had said in the “S-1” form or the IPO Prospectus submitted to the Securities and Exchange Commission.

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The company noted that as of December 31, 2018, it had 91 million or 9.1 crore monthly active platform users. There were 3.9 million or 39 lakh drivers on the platform by the end of 2018.

According to market sources, the company may provide a price range for its shares later in April and would go public in May. (IANS)