On Thursday, General Motors launched a new “personal mobility brand” called Maven, through which the company will try to infiltrate the many ride-on-demand companies that have sprung forth from Silicon Valley. The initial business plan involves a car-sharing service, also called Maven, which will allow people to rent GM...
General Motors bought Sidecar, gave Lyft millions, now it’s launching “Maven”
GM buys Uber rival Sidecar, which shut down in December
General Motors has acquired the technology and most of the employees behind the now-defunct ride-hailing startup Sidecar, according to Bloomberg. Sidecar Co-founder and CEO Sunil Paul will apparently not be joining the company, but no explanation was given as to why.
The deal bolsters GM’s move into the driverless quasi-taxi space—earlier...
Sidecar shutdown leaves Uber and Lyft to battle it out in ride-hailing market
Sidecar, a pioneer in the ride-hailing market, is shutting down its ride and delivery operations on Dec. 31, its co-founders Sunil Paul and Jahan Khanna announced today. The news leaves heavily-funded startups Uber and Lyft to battle for supremacy in the growing market, but Paul, the...
Uber, Lyft competitor Sidecar shuts down to “work on strategic alternatives”
Rideshare and delivery company Sidecar announced on Tuesday that it would be shuttering its services at 2pm Pacific Time, December 31, 2015.
Sidecar was one of the pioneering rideshare services, along with Lyft and Uber, but...