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July 30, 2015 10:28 AM ET


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





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

Uber Reportedly Drops Bid For Nokia Map Unit

Uber Technologies, Inc. is reportedly out of the running to acquire HERE Holding Corporation (Here). Uber Technologies, Inc. had submitted an offer for the mapping division this year for as much as $3 billion. Instead, three people with knowledge of the talks said negotiations for Here have focused on a potential deal between Nokia Corporation (HLSE:NOK1V) (Nokia) and a consortium of German automakers, Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), AUDI AG (DB:NSU) and Daimler AG (XTRA:DAI). The people would speak only on the condition of anonymity because the discussions were private. As other potential suitors have dropped out of the bidding process, the three German carmakers have increasingly taken a tough negotiating position with Nokia, according to two of the people. Spokesmen for Nokia and Uber declined to comment. Representatives for the German automakers were not immediately available for comment.

Uber China Reportedly Mulls To List On Chinese Mainland Or HK Stock Market

UberChina, a subsidiary of Uber Technologies, Inc., has planned to get listed on Chinese mainland's or Hong Kong stock market, according to a report. The report says Uber has authorized Goldman Sachs to help it look for investors in China over the past more than ten days during which Uber used the planned listing of Uber China as one of its bargaining chips.

Burlington and Uber Reach Operating Deal

The city of Burlington and the Uber ride-hailing service have signed an agreement to allow Uber to temporarily operate in the city and at the airport. Under the interim agreement, Uber will have a zero-tolerance policy on drug and alcohol use for all drivers and will not allow anyone convicted of driving under the influence or some other crimes in the past 10 years to drive for it. Uber, which connects riders to drivers through its cellphone apps, is required to do national and state criminal and background checks for all drivers, including sex offender registry checks under the interim deal. The move comes after an Uber driver was charged with sexually assaulting an incapacitated woman in February. Mayor Miro Weinberger's administration plans to work with a city council committee to adopt permanent revisions to the city's vehicles-for-hire ordinance. The city and Raiser LLC, the company doing business as Uber, agreed that Uber will post the city's taxi administration contact information in all vehicles so if passengers have complaints they can register them with the city. Uber also will have an ongoing customer feedback and complaint system that the city may access if it needs more information to investigate a complaint.

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