Monday, May 20

Uber Aims to Go Fully-Electric in London in 2025

The cab aggregator Uber has planned for every car on its taxi app in London to be fully electric in 2025, It would also add a clean air fee to each trip from early next year.

The rapidly-expanding firm is simultaneously trying to appease regulators in key markets such as London, with initiatives such as on environmentally-friendly vehicles, as well as expanding into new areas ahead of a flotation.

“It’s going to be part of the family and how the capitalization looks like is something that we are ultimately open to but it is not an area of focus right now.”

Chief Executive Dara Khosrowshahi, who pulled out of a Saudi conference after the murder of journalist Jamal Khashoggi, also said the firm would wait for answers about the incident before deciding how that might affect Saudi investment in a stock market flotation.

After reports that Uber was looking into acquiring British food courier Deliveroo, Khosrowshahi said the firm was very happy with its Uber Eats equivalent but is talking to many players around the world.