Uber Technologies Inc. is a global transportation technology company whose net worth is recorded to billion dollars through a recent study. Uber was found in March 2009 by Travis Kalanick and Garrett Camp. Its headquarters is in San Francisco, California, the United States, operating in 633 cities worldwide.
It highly develops transportation facilities through car and food delivery mobile apps. This company has been a pioneer in the sharing economy and the changes in industries.
Services Offered by the Company:
Uber offers services at various levels relating to different countries in the world with its necessity and requirements. The services offered by Uber Technologies. Inc are UberX, UberPOOL, etc.
The Company Introduced UberX in July 2012, which allows people to drive for Uber using their own car, subjecting too many background checks and requirements. It was operating in 35 cities in the proceeding year. This led to dissatisfaction among the existing drivers whose earnings decreased as a result of the increased competition at lower rates.
UberPOOL is a carpooling service which was started by the Uber Technologies. Inc in August 2014, and this was widely expanded to New York City by December 2014. Uber’s partnership with Blade to offer helicopter rides from New York City to The Hamptons for $30,000 each. Uber, in partnership with Blade, in July 2004, has also provided helicopter service for specific events, including the Cannes Film Festival and Sundance Film Festival, with fights from Salt Lake City International Airport to Park City, Utah.
Uber signed an international partnership contract with Dutch Satellite navigation company TomTom to provide maps and traffic data for the Uber driver app across 300 cities in November 2015. Uber launched the Uber Garage initiative in Chicago to implement new ideas for urban transportation services. Uber Garage’s first project was to give Uber users the option to hire a regular taxi driver, or a crowdsourced Uber driver.
Awards & Achievements:
The greatest achievement of Uber Technologies. Inc is their establishments in providing their transportation services worldwide. They came into existence in the year 2009, who quickly took their places in most of the countries in the World. It is remarkable to note that in 2013 USA Today named Uber as the tech company of the year. However, all their services do not suit all the countries in the world but not going waste where certain services suiting certain countries largely and advanced levels.
The net worth of Uber
As of December 2023, The approximate estimation of Uber’s net worth is $100 billion. One of Uber’s investors’ Benchmark, says the firm is confident about Uber’s optimistic future. These words of Benchmark in twitter invited many investors for Uber Technologies. Inc by word- of- mouth promotion making it incredibly optimistic with all its excellent and extraordinary services. Travis Kalanick, the CEO of Uber, is one of the world’s top-rated billionaire. As per the reports by Bloomberg, the estimated net worth of Kalanick is $7.1 billion, which is major because of his 12% stake in Uber, which is valued at approximately $70 billion.
Uber is serving many nations with its extraordinary car services. It has eliminated many of the transportation people for several people around the world and made commuting much easier and safer.