Disruptive transport service and app Uber recently completed its billionth ride in London, England. The company, which is quite remarkable for a company that was launched in 2010 and is now operating across the globe.
Uber has been met with resistance in a number of countries, including right here in Toronto, Canada where it has faced off against traditional taxi services. Despite these challenges, Uber has a valuation of US $56 billion plus a sustained momentum due to the convenience and general reliability. Uber allows subscribers to the app to instantly find various types of taxis, SUVs or limousines and payments are handled via the app which also serves as a rating system for both riders and passengers. Uber has also launched UberEats, which aims to change the way food delivery is done in certain cities.
Source: Engadget via AutoBlog