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African ride-hailing startup Moove is close to raising $1.2 billion in a debt round that will help it finance a rollout of an autonomous-driving fleet with Waymo and expand in the U.S.

Kalanick would run Pony if the deal is completed while continuing to lead his current company, CloudKitchens, the report cited the people as saying. Financial details were not known.

Waymo’s robotaxis will begin carrying passengers through parts of Atlanta on June 24 in an expansion of a partnership with Uber that began earlier this year in Austin, Texas.

New York City on June 20 announced new minimum-pay rules for rideshare drivers, settling on a smaller-than-proposed 5% increase following pushback from Uber Technologies and Lyft.

Uber Technologies named longtime executive Andrew Macdonald its first chief operating officer since 2019, part of an executive shake-up that includes the departure of the company’s top delivery leader.

The rare structure — bonds that turn into equity in another company if the underlying stock exceeds a set price after a period — offered investors a compelling combination of attributes.

Autonomous driving company Pony AI has confidentially filed for a Hong Kong listing to help raise capital to grow its business, according to people familiar with the situation.

Uber and Volkswagen have partnered to deploy thousands of electric ID Buzz vans in the U.S., marking the latest partnership to expand autonomous options on the ride-hailing app.

The FTC claims the rideshare and delivery company hurt consumers through “deceptive billing and cancellation practices” as part of its flagship subscription service.

The company has been spending more time pitching its vision for the future of its gig-economy business model as it plays catch-up in offering autonomous rides.