Joby Aviation did not meet its fund-raising target in the initial offering while the industry is facing a lot of challenges. That said, some see a future for flying taxis.
The president of the world’s largest ride-hailing company talks to FinanceAsia about international expansion, the safety record of robo-taxis and why DiDi should not be valued like Uber or Lyft.
To calculate the ride-hailing startup’s valuation, investors will have to offset the cost of its fight with Grab against the hidden value in its payments app and huge capacity to hoover up data.
A modest fine clears the way for the ride-hailing startup to dominate. But has the Lion City's tame decision left a block on the road for other start-ups?
President Ming Maa tells FinanceAsia about why the mobility app needs a fresh capital infusion to build scale across Southeast Asia and how that expansion squares with its route to profitability.
The latest infusion of cash values the ride-hailing app at around $11 billion. Its expanded war chest will be put to work mainly in Indonesia where rival Go-Jek is revving up investment.
The ride-hailing unicorn is launching a super-app, seeking out partners along the transport value chain, and targeting $1 billion in revenues this year. It’s drive for scale refuses to slow.
Ride-hailing turns competitive again in Singapore, Vietnam, Thailand and the Philippines as Indonesia's unicorn rides in. But it won't use its own name, nor bring its fintech services.