*By Max Godnick* Uber redefined the ride-hailing industry for driversーnow it's adding another level of convenience to the passenger seat. Last week, the company launched an exclusive global partnership with Cargo, the in-car commerce platform that allows drivers to sell daily essentials to riders. The service was already live in seven U.S. cities and has expanded to Los Angeles and San Francisco as part of the new deal. The announcement marks the next phase of growth for Cargo, which has close to 8,000 drivers and has seen its fleet expand by 35 percent month over month since its rollout in 2017. "The fastest way for us to really scale our platform and get Cargo into the hands of as many drivers as possible is to do it through Uber themselves," said Cargo founder & CEO Jeff Cripe in an interview with Cheddar on Monday. "We were united by wanting to provide the best in-car experience possible." Uber drivers in Los Angeles and San Francisco can now collect Cargo boxes at driver support locations called Greenlight Centers. The boxes are filled with snacks, electronics, and cosmetics that customers can purchase. Cripe noted that many Uber drivers already offer these products but must pay out of pocket to do so. Now, they can provide the same serviceーbut make money, instead of losing it. "What \[drivers\] recognized in us was a partner that could streamline that and put that money back in their pockets as opposed to taking it out," Cripe said. Cripe says drivers have, combined, made more than $1 million and sold over a million products to date. He added that those behind the wheel also tend to see their passenger ratings rise once they start using Cargo. But will passengers be willing to spend on food and other items if fares surge? Last week, Uber sent emails to its New York customer base, notifying them that its services may grow "more expensive and less reliable" if the city approves [new regulations](https://cheddar.com/videos/new-york-could-pump-the-brakes-on-ride-hailing-apps) for ride-sharing companies. While New York is currently Cargo's largest market, Cripe says he's not concerned. "I don't necessarily think any fare increases or decreases will have much of an effect on us." As for the future, Cripe says the company is paying close attention to Uber's plans for self-driving taxis. He explained that autonomous fleets would require a system for unattended merchandisingーbut he revealed it's a reality he's preparing for. He also sees more opportunities for entertainment, gaming, and connectivity. "We want to establish ourselves as the leading provider of in-car service for ride sharing," Cripe said. "So, when autonomy does roll around, we're the best logistics provider in the market." For full interview, [click here] (https://cms.cheddar.com/videos/VmlkZW8tMjEzMTg=).

Share:
More In Technology
Albania’s prime minister appoints an AI-generated ‘minister’ to tackle corruption
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
Klarna shares jump 30% on Wall Street debut
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Load More