*By Carlo Versano*
As Via celebrates five years since its founding in New York, the rideshare service ー a "glorified bus," in the words of the company's CEO ー is looking to new mobility solutions for its next phase of growth.
Via CEO and co-founder Daniel Ramot told Cheddar Wednesday that he is eyeing the scooter space, which has become a hot sector for rideshares that want to compete for multimodal commuters.
Beyond scooters, Ramot pointed to e-bikes, bicycles, mopeds all as worthy areas for exploration.
"They all work together really well," he said.
Via differentiates itself from services like Uber and Lyft by using "dynamic" platform and route-planning that makes it part bus, part taxi, Ramot said.
Riders are charged a flat fare and sometimes have to walk to specific pick-up points. In New York, 95 percent of Via rides are shared, Ramot said. One thousand routes a day in the Big Apple have at least five pick-ups, making Via more efficient than the carpool services offered by competitors. The company also claims to have saved 25 million pounds of CO2 over its lifespan.
Since its launch, Via has expanded to more than 20 international locations and is working with public transit authorities in cities like Berlin to integrate the service into the "fabric" of urban mass transit.
“We want to make Via a part of public transportation system in the cities in which we operate," Ramot said.
But the company is similar to its better-known competitors in one crucial way: it is strongly opposed to government caps on new rideshare vehicles.
Limits, like the one imposed in New York [in August](https://www.nytimes.com/2018/08/08/nyregion/uber-vote-city-council-cap.html), "turn back time" to the days of taxi medallions and more expensive fares, according to Ramot. He said he expects the city's vehicle cap to negatively impact his company at a time when it's trying to expand and innovate.
For full interview [click here](https://cheddar.com/videos/via-celebrates-5-years-of-ride-sharing).
Federal health officials are expanding an investigation into potentially lead-tainted pouches of apple cinnamon fruit puree marketed for children amid reports of more illnesses and additional product recalls.
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Maks Chmerkovskiy and wife Peta Murgatroyd, of "Dancing With the Stars" fame, are branching out into skincare.
Donald Trump began testifying Monday morning in his civil fraud trial, producing the spectacle of a former president and the leading Republican presidential candidate defending himself against allegations that he dramatically inflated his net worth.
The trial between Google and the maker of the game Fortnite will begin Monday as a San Francisco jury will hear Epic Games' case claiming the Google Play Store takes an unfair commission on purchases made through apps.
One of the most self-made and success stories in the country, Emma Grede, has worked along with the Kardashian Jenner family on many of their best-known brands. Grede, CEO and co-founder of Good American, gave back to the next generation of business leaders as a featured speaker at the Chase for Business Make Your Move summit last week. She spoke with Cheddar News about her career, her company's fashion brand, working with the famous Kardashian-Jennifer family and balancing her own family life.
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Elon Musk's company XaI has announced a new chatbot called Grok.
SAG-AFTRA said over the weekend that it received the studios' last best and final offer following a meeting on Saturday, with the union saying it's reviewing it and considering a response "within the context of the critical issues addressed in our proposals."
Stocks rose slightly as Wall Street looks to continue its momentum with earnings season winding down.
Load More