Published On: Thu, Dec 31st, 2015

Uber passes ONE BILLION rides

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Uber, the ride-hailing company is ending 2015 by celebrating a milestone: 1 billion rides.

The San Francisco-based company said in a blog post that a couple in London last night represented the magical 1 billionth ride for a company that has become a lightning rod in the debate over digital disruption.

Marvin and Ara just made our day. Their £5 London uberX ride together on Christmas Eve from London Fields, Hackney to Hoxton in Ara’s blue Honda Insight Hybrid was the billionth Uber trip.

One billion. That’s a whole lot of riders and drivers sharing the road, special moments, and celebrations together. Certainly far more than we ever imagined when we got started in San Francisco five and a half years ago.

 

Despite another year of controversy and regulatory battles Uber managed to raise about $6.61 billion and it is looking to raise even more. The valuation of the company is now more than $51 billion. Its rivals like Lyft, or SideCar, have left far behind.

In India, Uber is still facing troubles after the arrest of one its drivers who was charged with raping a passenger. By that time, rival company Didi announced a global partnership with Lyft, GrabTaxi, and Ola in fight against Uber.

All Uber need now is to win in India and China to gain its second billion rides.

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