Uber to invest in green mobility apps for going electric

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In a major push towards electrification, Uber India is planning to pick up equity stakes in Indian green mobility startups, according to a Business Standard report. Also, the ride hailing company would be supporting them with technical expertise and opening up its ride sharing platform to allow them to experiment with products. It also said that going electric was a team sport and will be collaborating with its partners to meet its objectives. The company already works closely with M&M, Sun Mobility and Lithium.

While speaking about Ola Electric’s massive investments in electric two wheelers, it said that the company has taken bold decisions and was looking forward to see how things panned out.

R&D Centers to be expanded in Hyderabad and Bengaluru

Uber launched an innovation fund with a corpus of $1,00,000 recently and will offer one-time grants for entrepreneurs working in the green mobility space.

The company is planning to expand its R&D centres in Hyderabad and Bengaluru from 750 staffs to 1000 by year end. It is also undertaking R&D projects for meeting its global needs, more importantly.

Uber’s technology center in Hyderabad has developed the technology for high capacity vehicles, ranging from 8,20 and even 40 seaters to take people from one point to another. The service which was started in Egypt and might be introduced in India too.

For the delivery markets in Japan and USA, the company has created a solution and has also been updating maps in over 150 cities, across the globe which needs to be reworked due to geo-fencing during the pandemic.

Across categories like auto, motor, rentals and inter city services, Uber is nearing pre-Covid levels in terms of ridership, the company said.