Description: Uber Technologies, Inc. is a transportation network company that allows anyone to become a partner-driver by using their personal vehicle as a taxicab-alternative. Drivers are connected to nearby customers through the Uber application. Thousands of drivers use their own cars to transport riders in over 500 cities across the world. Uber is a multi-billion dollar company that has sparked many new businesses using the same, or similar business models, for various industries.
History: Founded by entrepreneurs Travis Kalanick and Garrett Camp in March of 2009. Uber has raised over $10 billion in financing through venture capitalists and private equity investors. The company completed it's one-billionth ride in 2015 and is reported to have over 40 million riders a month. Over time, Uber has implemented changes to their service including allowing their drivers to accept tips, and requiring that drivers take "selfies" before accepting ride requests to prevent driver fraud. Uber Technologies, Inc. continues to pioneer new and innovative ideas as they are now researching self-driving cars and have expanded their service to include parcel delivery and meal delivery services.
Quote from the Founder: "Uber is efficiency with elegance on top. That's why I buy an iPhone instead of an average cell phone, why I go to a nice restaurant and pay a little bit more. It's for the experience." - Travis Kalanick, Uber CEO