Automakers will increasingly find themselves in a complicated relationship with ride-hailing companies such as Lyft and Uber. The latter will be competitors but also customers. In the next few years, sales to drivers for Lyft, Uber and others will almost certainly offset declines in car purchases by users of the services. As shared mobility services expand, auto manufacturers will likely start producing customized vehicles for ride-hailing companies — even as their own mobility services compete head-to-head.
Today, Lyft and Uber have almost no hard assets and are essentially internet-platform companies. Managing and owning vehicles clashes with their current business model. But once level-5 driverless cars come on the scene, they will have little choice. It appears inevitable that they will embrace a new business model that involves ownership of vehicles. A huge part of the success of demand-responsive, app-based ride-hailing companies will be their ability to profit as proprietors of capital, which will mean owning and operating a fleet of automated electric cars. So just as self-driving cars have pulled Detroit into the Silicon Valley game, the power of fleet ownership will likely force ride-hailing companies into partnership with manufacturers.
After finding a Hailu Mergia tape in a shop in Ethiopia, then Googling a phone number to get in touch, Brian Shimkovitz reissued the dreamy, hypnotic 1985 solo album, Hailu Mergia And His Classical Instrument back in 2013 on his label Awesome Tapes from Africa. With it, he introduced the snake charmer synths and psychedelic-kitsch accordion sounds of this legendary Ethiopian bandleader and jazz musician to a whole new young, hip audience. It was followed up by reissues of Mergia’s 1977 beautiful Ethio-jazz albums Tche Belew and last year’s Wede Harer Guzo, built on moody ancient scales and standards.
Mergia, who was working as an airport taxi driver at the time, loved the out-of-the-blue comeback and the opportunity to tour the world, and now at 71, is keeping the momentum up with new writing. In February, Awesome Tapes released Lala Belu, Mergia’s first new album in over 15 years, recorded in London and mixed in Washington DC, near his home in Maryland.
This could be the taxi of the future. The EZ-GO is a concept by Renault. It’s a fully autonomous ride-hailing service. It doesn’t require a driver to be present. And if necessary, it could be controlled remotely.
It would probably take an encyclopedia to cover the far-reaching benefits that electric vehicles (EV) have already had on our society, and that’s just the tip of the iceberg. Carmakers have not been able to keep up with demand, but that’s in part a good sign since it means consumers are seeing the benefits of electric cars and want them.
JUMP Bikes, an on-demand biking service that has a partnership with Uber, is trying to decide between a possible acquisition and investment offers.
Sources have told TechCrunch that the company is looking into a possible sale to Uber for more than $100 million, or a venture investment round, with one of the possible investors being Mike Moritz of Sequoia Capital.
In addition, there are reports that other parties have been increasing their offers over the past week in a bid to secure ownership of JUMP.
JUMP and Sequoia were unavailable for comment, while Uber declined to comment on the reports.