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August 31, 2015 12:29 PM ET

Software

Company Overview of Uber Technologies, Inc.

Company Overview

Uber Technologies, Inc. provides a smartphone application that connects drivers with people who need a ride. The company’s application enables users to arrange and schedule transportation and/or logistics services with third party providers. Uber Technologies serves customers in North, Central, and South Americas, as well as Europe, the Middle East, Africa, and the Asia Pacific. The company has a strategic partnership with Alexandria Real Estate Equities, Inc. Uber Technologies, Inc. was formerly known as UberCab Inc. and changed its name to Uber Technologies, Inc. in October 2010. The company was founded in 2009 and is based in San Francisco, California.

182 Howard Street

Suite 8

San Francisco, CA 94105

United States

Founded in 2009

Phone:

415-986-2104

Fax:

877-223-8023

Key Executives for Uber Technologies, Inc.

Co-Founder, Chief Executive Officer and Director
Co-Founder and Chairman
Head of Global Operations and Director
Chief Technology Officer
General Counsel
Compensation as of Fiscal Year 2015.

Uber Technologies, Inc. Key Developments

CITIC To Reportedly Invest In Uber

CITIC Group Corporation plans to invest $100 million in Uber Technologies, Inc., according to a person familiar with the matter. CITIC-CP Asset Management Co., Ltd. plans to invest about 80% of the $100 million in Uber and about 20% in its China unit, according to the person, who declined to be named because the plans are private. Uber's Beijing-based spokeswoman Huang Xue couldn't immediately comment. A call to Citic-CP Asset Management outside usual business hours went unanswered.

San Francisco District Attorney Expands Uber Lawsuit

The San Francisco district attorney announced the expansion of a consumer-protection lawsuit aimed at Uber's claims about driver background checks. District Attorney George Gascon said on August 19, 2015 that the growing ride-hailing company continues to unfairly claim it is rigorously checking the background of its drivers. Gascon said Uber can't make that claim unless it puts it drivers through the same fingerprinting process required of taxi drivers in California. Gascon made his comments a day after his office filed an expanded lawsuit in San Francisco Superior Court accusing Uber of false advertising. The expanded lawsuit claims Uber failed to uncover the criminal records of 25 California drivers, including several registered sex offenders and a convicted murderer. Gascon and Los Angeles County District Attorney Jackie Lacey filed the original lawsuit in December. The lawsuit doesn't object to Uber's background checks, but it objects to the company's claim that it uses process to vet its drivers. Anything short of fingerprinting can't make that claim. Uber said it disagrees with Gascon. Jessica Santillo said that no background check system is flawless and its checks are just as detailed as with taxi drivers. Santillo said Uber ran background checks of 'hundreds' of California taxi drivers and uncovered convictions for drunken driving, rape, attempted murder, child abuse and violence. The two California district attorneys settled a similar lawsuit with Uber competitor Lyft last year. Lyft agreed to pay $250,000 and to stop claiming its background checks were among the best in the industry.

Uber Plans to Invest $1 Billion in India over the Next Nine Months

Uber announced the company planed to invest $1 billion in India over the next nine months.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 19, 2015
--
Private Placement
July 31, 2015
--
Merger/Acquisition
June 29, 2015
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