No matter where you are in the world, nothing captures the sweetness of a sunny afternoon better than ice cream. Friday, July 18th, we’re serving up cold treats on demand in 144 cities, in 38 countries, on 6 continents.
Uber is proud to announce a national partnership with the American Red Cross to help cities and citizens during disasters. The partnership took effect last week as this season’s first tropical storm, Arthur, developed. Uber is partnering with the American Red Cross1 to help communities’ disaster relief efforts.
We have some exciting news to share this morning. We have just closed a financing round with some of the leading investors in the world, raising $1.2B of primary capital at a $17B pre-money valuation. The total raise will be about $1.4B with a second close of strategic investors soon. We are thrilled to have top tier institutional investors, mutual funds, private equity and venture capital partners joining us.
Today, Governor John Hickenlooper signed into law the first ridesharing legislation in the country. SB125 puts Colorado on the map as the first state to legislatively embrace ridesharing, recognizing its enormous impact as a mainstream transportation option for millions of people worldwide. Make no mistake, Colorado has sent a clear message that it embraces innovation, supports consumer choice and empowers small business owners.
AT&T and Uber have joined forces – and networks – to deliver seamless Uber access to AT&T customers. Starting this summer, the Uber app will begin to be embedded in all AT&T Android phones. AT&T will also be one of Uber’s key providers of new wireless service to drivers on the Uber platform in the United States, supporting Uber’s rapid growth across the country, which currently includes approximately 60 U.S. Uber cities.
There’s never been a better time to drive with Uber. With ever-increasing demand, greater trips per hour, and new cities launching every day, drivers on Uber make more money than with any other ridesharing platform or taxi company. Period. We’re so confident in that fact, we’re giving new partners from other ridesharing platforms $500 just to try us out.
Uber is the first and only company to have a policy in place that expands the insurance of ridesharing drivers to cover accidents that may occur while drivers are not providing transportation service for hire but are logged onto the Uber network and available to accept a ride.