Hungarian electric carsharing company GreenGo is set to expand abroad for the first time, setting up an operation in Prague. Three years ago, GreenGo was the first company to introduce a fleet composed solely of environmentally friendly EVs in Central and Eastern Europe with its launch in Budapest. The company grew quickly, expanding its fleet from an initial 45 vehicles to 300 by 2019, and says it is still maintaining steady growth, despite other major service providers join

The small town of Hood River, Ore., has decided that it will participate in a new pilot project that will launch a plug-in electric car-share program, which is a relatively unusual thing for rural jurisdictions. Hood River, Ore. will soon take part in an electric vehicle car-share program, where EVs will be placed around town, easily rented for minutes or hours via an app. The project, known as the Clean Rural Shared Electric Mobility Project (CRuSE), is a collective effort b

The good news - Bookings (up 31%), Active Users (up 30%), Trips (up 35%), Revenue (up 14%) The BAD NEWS - Uber lost more than $5 Billion dollars in the second quarter. Here is the link to Uber's 2019 Second Quarter Investor Report.

Russian carsharing start-up Delimobil could hold an initial public offering (IPO) at the end of 2020 on the Moscow Exchange, Interfax reported on August 7 citing the head of Mikro Kapital Group Vincenzo Trani. Delimobil is one of about a dozen carsharing operators in Moscow that, along with Belka Car, You Drive, and Yandex.Drive, collectively control 94% of the market. Delimobil estimated that the carsharing market in Moscow already reached 12,000-13,000 vehicles in 2018. "

Car rental companies Hertz and Avis have been investing in technology and alternative services to weather the advent of ridehailing apps. Although the efforts are still in early stages, they show signs of growing success. The Hertz Corporation posted solid results Wednesday for the second quarter of 2019, driven by increased pricing from its three major brands, Hertz, Thrifty, and Dollar. The current low cost of cars helped keep overhead down, and its growing off-airport busi