Venture Capitalists Pour Money Into Urban Mobility To Solve ‘Last-Mile’ Issue (5-18-18)

With the “last-mile” problem having vexed urban dwellers for decades, venture capitalists are seizing the opportunity to fund projects that could fill in gaps that public transit cannot meet.

Sometimes the last mile of a trip in an urban area is the most difficult. While trying to reach your destination after exiting public transit, options dwindle or become less convenient. Why hail and Uber or Lyft for just a mile? Walking may take too long or is unappealing because of the weather or other factors, and there aren’t any buses or traditional taxis nearby. It may be the point at which frustration sets in.

With the “last-mile” problem having vexed urban dwellers for decades, venture capitalists are seizing the opportunity to fund projects that could fill in gaps that public transit cannot meet. Bikesharing and electric scooters are two common methods used to help commuters snake through city streets when other options have been exhausted or are inconvenient.

Read Full Story Here (via The Fuse)

Uber Gets Into Car Rentals And Public Transit (4-11-18)

Uber  is officially a multi-modal transportation platform. On the heels of its acquisition of bike-share startup JUMP, Uber CEO Dara Khosrowshahi today announced Uber Bike‘s expansion into Washington, D.C., along with two key partnerships in car rentals and public transit.

The first is with instant car-booking service Getaround,  which launched at TechCrunch Disrupt NY in 2011 to enable car owners to rent their vehicles to neighbors, tourists and other people within their city.

Dubbed Uber Rent, the platform taps into Getaround’s existing marketplace of cars that are available for instant rentals. Uber Rent, which will launch in San Francisco later this month, lets people book Getaround cars directly from the Uber app. Once Uber feels solid about the product market fit, it will expand the program nationally.

Read Full Story Here (via TechCrunch)