While Uber faces five criminal investigations, its rival in India is ready to fight.
Ola, the six-year-old ride-hailing company that operates in over 100 cities throughout India, just raked in $ 1.1 billion from major investors. And another billion could be on the way.
Chinese internet giant Tencent led the funding round, which included participation from SoftBank, which has been on its own major investing spree as of late. Ola is in “advanced talks” with other investors to close an additional $ 1 billion as part of this funding round, pushing its raise over $ 2 billion, Ola said in a press release. Read more…
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Uber’s self-driving program will live to drive another day.
A federal judge on Monday said that Uber will be allowed to go forward with its self-driving car program even as it faces another obstacle in its ongoing lawsuit with Google over self-driving technology.
It’s not all good news for Uber. A federal judge has granted an injunction that blocks its self-driving chief Anthony Levandowski from working on the company’s self-driving project due to the ongoing lawsuit. Google (through its self-driving car company Waymo) is suing Uber alleging that a former Google engineer took trade secrets with him when he want to help start Uber’s self-driving car program. Read more…
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