Here’s How Much Millennials Spend On Uber And Lyft In Major US Cities Every Month (7-14-18)

Millennials spend an average $110 a month on Uber in San Francisco. Spencer Platt/Getty
  • Between Uber and Lyft, millennials are spending upwards of $100 a month on ridesharing services in some cities.
  • Money managing app Empower surveyed 50,000 users across the US to determine how much millennials pay for Uber and Lyft per month in 29 cities.
  • Uber and Lyft were born in San Francisco and users there spend the most.

Getting around major metropolitan areas can be hard on foot and at times unbearable using underground transportation. Ridesharing apps like Uber and Lyft thrive in areas with a highly concentrated population — and some millennials are spending over $100 a month to use them.

Read Full Story Here (via Business Insider)

Uber And Alphabet Just Invested $335 Million In Lime — Here’s Why Scooter Start-Ups Are Suddenly Worth Billions (7-13-18)

David Paul Morris | Bloomberg | Getty Images

Tech giants Uber and Google-parent Alphabet offered their blessing to the red-hot electric scooter industry this week. The companies announced on Monday that they are leading a group of investors pumping $335 million into scooter-sharing startup Lime in a fundraising round that values Lime at a whopping $1.1 billion.

The news came on the same day as reports that rival scooter startup Bird had raised roughly $300 million, for a valuation north of $2 billion. Another scooter company, San Francisco-based Spin, is reportedlyraising $125 million in blockchain-based funds.

Between those massive valuations and a deluge of recent media attention, Lime and Bird are two of the biggest names in the burgeoning scooter market. But are these buzzy startups really worth billions of dollars?

Read Full Story Here (via CNBC)

Road closures, parking restrictions ahead of MLB All-Star Game

WASHINGTON — D.C. Mayor Muriel Bowser, Police Chief Peter Newsham and District Department of Transportation Director Jeff Marootian announced a host of preparation plans ahead of next week’s MLB All-Star Game — which include road closures, new parking restrictions, and transit changes.

“It’s a big summer for sports fans in Washington,” Bowser said. “As always, throughout the All-Star Week festivities, our goal is to ensure the safety of  residents and visitors.”

Newsham said the city and its police department are ready with increased staffing of both uniformed and plain clothed officers to monitor activity around All-Star related events and closures.

Read Full Story Here (via WTOP)

What If You Could Plan And Pay For You Trip Around The DC Area With One Click? (7-9-18)

Metro bus makes it way down 16th street in in downtown Washington, Wednesday, March 16, 2016. The Metro subway system that serves the nation’s capital and its Virginia and Maryland suburbs shut down for a full-day fo an emergency safety inspection of its third-rail power cables. Making for unusual commute, as the lack of service is forcing some people on the roads, while others are staying home or teleworking. (AP Photo/Pablo Martinez Monsivais)

WASHINGTON — A powerful business group that has thrown its support behind Metro funding and toll lanes from Richmond to Baltimore is now calling for changes to unify how we pay to get around.

In a document being released Monday, the Greater Washington Partnership asks transportation systems across the region to unify payments in a single interchangeable way that would allow one-click planning and purchase of a trip that could feature bike share, scooters, Metro, commuter rail and buses.

“What we want, ultimately, is one seamless integrated platform for folks to be able to plan for and pay for a trip across all public and private transport options in the capital region of Baltimore to Richmond,” the group’s Transportation Policy Director Joe McAndrew said.

Read Full Story Here (via WTOP)

Bus Startup Skedaddle Reportedly Held Acquisition Talks With Uber (7-6-18)

Courtesy of Skedaddle

While all eyes are on electric scooters, bus startups are quietly making moves.

Uber has been in discussions to acquire Skedaddle, a crowdsourced bus company, for more than a month, according to an Axios report.

Skedaddle first crossed my radar in January 2017 when the startup was set to transport more than 11,000 people to and from the Women’s March on Washington. At the time, CEO Adam Nestler said, “The alternative for many of the people in these communities is trying to figure out carpools or chartering buses on their own.”

Here’s how it works: To book a ride, a user logs into the Skedaddle app and puts in a route (i.e. New York City to D.C.) as well as a desired pickup location and time. As long as nine other people sign up for the same route ahead of the departure, the ride is booked.

At the time, I described Skeddadle as “the Uber Pool of buses, shuttles, and other large vehicles.” The startup’s goal is to make city-to-city travel easier for users and take advantage of the glut of charter vehicles that sit underused in parking lots most of the time, Nestler said in January.

Read Full Story Here (via Fortune)