Mexican Media Brands
Uber Reportedly Raised $1.6 Billion in New Financing
Uber Technologies Inc. has collected $1.6 billion in convertible debt in its latest fundraising effort, sources tell Bloomberg News.
#economics
Share
Uber Technologies Inc. has collected $1.6 billion in convertible debt in its latest fundraising effort, sources tell Bloomberg News.
Bloomberg says the infusion comes from Goldman Sachs Group Inc.'s wealth management clients. The on-demand private car service raised $1.2 billion in December and is in talks with various investors to collect another $600 million.
Last month's funding valued the San Francisco start-up at $40 billion. Uber will use the money to accelerate its global rollout, according to Bloomberg's sources.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .