Advertisement
UK markets close in 2 hours 29 minutes
  • FTSE 100

    8,073.23
    +32.85 (+0.41%)
     
  • FTSE 250

    19,674.14
    -45.23 (-0.23%)
     
  • AIM

    754.63
    -0.06 (-0.01%)
     
  • GBP/EUR

    1.1668
    +0.0023 (+0.20%)
     
  • GBP/USD

    1.2484
    +0.0021 (+0.17%)
     
  • Bitcoin GBP

    50,805.14
    -2,384.34 (-4.48%)
     
  • CMC Crypto 200

    1,356.99
    -25.58 (-1.85%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    82.88
    +0.07 (+0.08%)
     
  • GOLD FUTURES

    2,345.20
    +6.80 (+0.29%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,918.03
    -170.67 (-0.94%)
     
  • CAC 40

    7,987.91
    -103.95 (-1.28%)
     

Uber veteran Rachel Holt to leave

FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the NYSE in New York

(Reuters) - Uber Technologies Inc's <UBER.N> senior executive Rachel Holt, who oversees the ride-hailing company's bike and scooter operations as well as partnerships with public transit organizations, will step down to start her own venture.

"After 8.5 unforgettable years at @Uber and more than a half-dozen funding rounds, I've decided to put the shoe on the other foot...," Holt, Uber's head of New Mobility, tweeted https://twitter.com/RachelJHolt/status/1217121725772595200 on Tuesday.

Holt also tweeted she was working on co-founding a new venture capital firm in Washington D.C.

Her departure comes at a time when technology companies are revisiting their investments in shared transportation.

ADVERTISEMENT

German car-makers BMW AG <BMWG.DE> and Daimler AG <DAIGn.DE> in December said they will exit the North American car-sharing market, citing the "volatile state of the global mobility landscape."

Electric scooter company Lime, a San Francisco-based competitor of Uber's JUMP programme, last week said it was laying off 14% of its workforce and ceasing operations in 12 markets as it seeks to become profitable.

Fuelled by venture capital funding, while electric scooter companies have flooded U.S. streets with app-based scooter rentals over the past years, none has yet turned a profit.Uber in November reported $38 million in third-quarter revenue from a non-core ride-hailing segment it calls "Other Bets," the largest portion of which includes its dockless e-bikes and e-scooters.

(Reporting by Akanksha Rana in Bengaluru and Tina Bellon in New York; Editing by Shinjini Ganguli)