Tuesday, January 9, 2018

Photographer: Krisztian Bocsi/Bloomberg Uber’s Rivals Muscle In to Lure Passengers and Regulators in Europe

Uber Technologies Inc.’s rivals are

stepping up the battle for ride-sharing dominance in Europe, with local startups raising funds and global adversaries increasing contact with local regulators as they seek to gain a toehold in the region.
Taxify OU is looking to raise $50 million in the first quarter to fund expansion plans, according to a person familiar with the matter. The move comes after the Estonia-based startup revealed in October that it received backing from Chinese giant Didi Chuxing.
Mytaxi -- a black-cab taxi app backed by Daimler AG -- is also looking to expand the number of cities it serves across Europe, including a handful of new cities in the U.K., said General Manager Andy Batty.