Related News

NEW DELHI: NASA’s Psyche spacecraft has pulled off a dramatic flyby of Mars, capturing striking close-up views of the Red Planet, including the massive Huygens Crater, as it slingshots deeper

For a long time, scientists believed that only amphibians like salamanders could regrow complex limbs. But then came some groundbreaking findings from Texas A&M University. Researchers there discovered that mammals

NASA’s Jet Propulsion Laboratory recently reached a significant achievement in space travel technology. They successfully tested a lithium-fed magnetoplasmadynamic (MPD) thruster, establishing a domestic power milestone for power output in

While staying at the Imperial Hotel in Tokyo during a lecture tour, Albert Einstein found himself in an awkward situation. A hotel bellboy had delivered a message to his room,

Have you ever wondered why rockets eventually tilt themselves after launch? Most people assume a rocket’s goal is to fly as high as possible, but ‘up’ is only the first

The Sombrero galaxy and its glowing halo of stars have never looked this good. The US National Science Foundation’s NOIRLab released the latest photo of the popular hat-shaped galaxy on

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Uber acquiring parking app SpotHero

Word Count: 209 | Estimated Reading Time: 2 minutes


Uber to acquire SpotHero.

Courtesy: Uber Technologies, Inc.

Uber on Monday announced that it is acquiring SpotHero, a company that provides a parking reservation app.

The rideshare company did not provide a deal price, but Uber said it plans to offer a “parking reservation experience, powered by SpotHero” within its own app to help users find parking for events, venues and airports.

“For the moments when people do choose to drive, SpotHero on the Uber app will make the experience easier than ever, and bring more people into the Uber ecosystem,” Uber CEO Dara Khosrowshahi said in a statement.

SpotHero last announced outside funding in 2019, when it raised $50 million in a round led by Macquarie Capital. The Chicago-based company launched in 2011, and now says it offers parking at more than 13,000 garages, lots and valets in over 400 cities in the U.S. and Canada.

“Joining forces with Uber will allow us to bring that experience to millions more drivers and make parking a natural part of the Uber platform,” SpotHero CEO Mark Lawrence said in a statement.

Uber said the acquisition is subject to regulatory approval and is expected to close in the first half of this year.

This is breaking news. Please refresh for updates.



Source link

Most Popular Articles