Mobility Services

Russian oligarch Mikhail Fridman lost $27 million in Uber investment

November 12, 2020

LetterOne (L1), an international investment group controlled by Russian oligarch Mikhail Fridman, sold its stake in Uber for $173 million in February last year. The transaction was made public in the group’s 2019 financial report, as reported by RBC. LetteOne had purchased this stake for $200 million in 2016, presenting the deal as “strategic investment.” Fridman …

Russian oligarch Mikhail Fridman lost $27 million in Uber investment Read More

Russia’s Yandex.Taxi’s IPO still on, as it struggles to stay profitable

November 12, 2020

Yandex.Taxi, the ride-hailing arm of Russian online giant Yandex, is pushing ahead with its plans to organise its highly anticipated initial public offering (IPO), while struggling to remain profitable amidst the coronavirus (COVID-19) pandemic. Earlier this month, Yandex.Taxi CEO Tigran Khudaverdyan was quoted by The Bell as saying that the company has not abandoned plans to …

Russia’s Yandex.Taxi’s IPO still on, as it struggles to stay profitable Read More

BlaBlaCar stops offering its services in Crimea to avoid EU sanctions

November 12, 2020

BlaBlaCar, the carpooling giant born in France, has stopped offering its services in Crimea, where it had been operating since 2014. The decision aims to avoid being targeted by the EU sanctions against firms operating on the peninsula, according to company representatives cited by local news website Crimea.Info. Since Russia took control of Crimea, a Ukrainian …

BlaBlaCar stops offering its services in Crimea to avoid EU sanctions Read More

Taxi-hailing and foodtech on the rise: Yandex announces growing and more diversified revenues in 2019

November 12, 2020

Last week Yandex, the NASDAQ-listed Russian Internet giant, announced its unaudited financial results for Q4 and FY 2019. Consolidated yearly revenues grew 37% from 2018, reaching 175.4 billion rubles ($2.83 billion). Yandex’s adjusted net income increased by a more modest 6% to 23.5 billion rubles ($380.3 million). These results are below what analysts had pencilled in, …

Taxi-hailing and foodtech on the rise: Yandex announces growing and more diversified revenues in 2019 Read More

Sovereign fund RDIF to back car sales platform, food delivery service and online travel agency

November 12, 2020

On Wednesday, on the sidelines of the World Economic Forum in Davos, the Russian Direct Investment Fund (RDIF) announced its intention to invest in three big Russian startups. The sovereign wealth fund is teaming up with Baring Vostok, a leading Russian private equity firm, and unnamed funds from the Middle East, to invest in CarPrice. Founded in …

Sovereign fund RDIF to back car sales platform, food delivery service and online travel agency Read More

FT: Yandex to launch car-sharing in Europe

November 12, 2020

Yandex, the Russian NASDAQ-listed Internet giant, is planning to launch its car-sharing service in Europe, the Financial Times has reported. The head of Yandex.Drive, the company’s car-sharing division, Anton Ryazanov, told the paper it would roll-out the service with a 1,000-strong fleet of electric cars later this year.  Yandex has not yet decided which city it …

FT: Yandex to launch car-sharing in Europe Read More

BlaBlaCar completes acquisition of bus ticketing platform Busfor

November 12, 2020

BlaBlaCar, the carpooling giant born in France, is expanding to a new market segment with the acquisition of international bus ticketing platform Busfor. The deal, announced in September, has just been completed after obtaining the required antitrust permits in Ukraine, reports Kyiv Post. The terms of the agreement have not been disclosed, but it might …

BlaBlaCar completes acquisition of bus ticketing platform Busfor Read More

Yandex.Taxi considers IPO; self-driving business unit to spin off

November 12, 2020

Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber last year, is considering going public through a dual-listing in Russia and the USA. The company is in talks to hire Morgan Stanley and Goldman Sachs to manage the potential IPO. “An IPO is something we are considering as we have said previously, and we work …

Yandex.Taxi considers IPO; self-driving business unit to spin off Read More

In Moscow, 200,000 cameras with advanced facial recognition software track 12.6 million citizens

November 12, 2020

Officials in Moscow have spent the last few years methodically assembling one of the most comprehensive video-surveillance operations in the world. The public-private network of as many as 200,000 cameras records 1.5 billion hours of footage a year that can be accessed by 16,000 government employees, intelligence officers and law-enforcement personnel. Now the entire system …

In Moscow, 200,000 cameras with advanced facial recognition software track 12.6 million citizens Read More

French carpooling giant BlaBlaCar to acquire bus ticketing platform Busfor

November 12, 2020

BlaBlaCar, the carpooling giant born in France, aims to expand on a new market segment with the acquisition of international bus ticketing platform Busfor. The news was reported today by business daily Kommersant, which cites exchanges with BlaBlaCar’s CEO Nicolas Bruisson and Busfor co-founder Ilya Yekushevsky. The deal, which is still subject to regulatory approval, …

French carpooling giant BlaBlaCar to acquire bus ticketing platform Busfor Read More

Mail.ru Group acquires controlling stake in car-sharing company with leadership ambitions

November 12, 2020

Mail.ru Group, an LSE-listed Russian Internet major, has just announced the acquisition of a controlling stake with a capital injection in the transportation service company YouDrive.  Proxima Capital Group, a Moscow-based investment firm, took part in the deal as a “partner,” stated Mail.ru Group; but neither the nature of this partnership nor the amount of the deal …

Mail.ru Group acquires controlling stake in car-sharing company with leadership ambitions Read More

Car-sharing company Delimobil seeks massive capital injection before potential IPO

November 12, 2020

Delimobil, a leading car-sharing company in Russia, is seeking to raise at least $60 million, according to Russian business daily Kommersant. The company, of which 77% is owned by Luxembourg-based holding Mikro Kapital Group, has hired Rothschild & Co to help them secure the deal.  According to Kommersant’s unnamed sources, Delimobil intends to claim a $300 …

Car-sharing company Delimobil seeks massive capital injection before potential IPO Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.