News
In a landmark ruling, the Competition and Markets Authority has cleared Uber’s acquisition of Autocab following a Phase 1 merger investigation, stating that it found “no competition concerns” with the deal. The takeover allows Uber to grow its UK presence through the Autocab iGo…
Uber customers in central London can request an all-electric vehicle instead of a regular petrol, diesel or hybrid car. The ride-hailing giant has launched a new service called Uber Green, operating initially in London’s Zone 1 travelcard area. It is the next step in…
Car hire giant Europcar has ended its venture into the UK executive chauffeur and private hire market by selling its Brunel operations to the Travelhire Group for an undisclosed sum. It is the second major acquisition for Travelhire, which bought Green Tomato Cars in…
Blacklane has raised $26 million in new funding to help it expand its global chauffeur service. The Berlin-based company has recently launched an app-based ride-hailing service add-on, and in February 2021 it bought London-based Havn, an electric chauffeur service developed by Jaguar Land Rover.…
Uber’s decision to change its business model and give benefits such as minimum wage, holiday pay and pensions to its drivers appears to have given the ride-hailing giant a first-mover advantage in the sector. And the decision to change its employment terms means Uber…
Fast-growing taxi group Take Me has made another acquisition, adding Cambridgeshire-based 4X Ltd, trading as Steve’s Taxis, to its growing portfolio. The acquisition is backed by investment holding company MBH Corporation, which has made 25 acquisitions around the world in a range of industries,…
Newport entrepreneur Carl Harris is looking beyond the Covid-19 pandemic by launching a new chauffeur business called Luxstar, with the backing of a £24,000 micro loan from the Development Bank of Wales, and support from Business Wales, Newport Council and UKSE. Harris was faced…
Ride-hailing app service Gett could follow Uber and Lyft to the stock market after it emerged that the Volkswagen-backed company is in merger talks with a special purpose acquisition company (SPAC) – a common route to an Initial Public Offering (IPO). According to a…
Leeds Council has announced a multi-million pound support package to help struggling taxi and private hire drivers and operators across the city. The Council is making £2.5million available to fund free three-year taxi and private hire license renewals for drivers, while drivers and operators…
Veezu Group’s Leeds subsidiary Amber Cars has made another local acquisition, adding Pudsey B-Line’s 50 cars to its West Yorkshire fleet. Amber Cars is the biggest taxi and private hire operator in Leeds, and the Pudsey B-Line fleet will now operate under the Amber…