VENTURE CAPITAL POST

GM's Maven is set to revolutionize the car-sharing and ride-sharing services with an hourly rate of $6. This has been quite an aggressive move from the conventional car-maker. However, the company is pretty confident that car-sharing section is now ready for a highly personalized, easy-to-use mobility service, which it plans to provide through its fleet of Chevrolet Spark and Tahoe.

After acquiring Lyft Inc, GM has also purchased ride hailing pioneer, Sidecar. The acquired entity has been tattering in consecutive years for ever growing competitions with rivals like Uber and Lyft. With the acquiring, GM now will be able to play a more active role in relative fields with the new two subsidiaries.

Taxi drivers in Los Angeles will be required to use an Uber-style app allowing riders to hail cabs from mobile phones, city officials decided on Thursday, in a move to help licensed taxis compete against ride-sharing services.

The ridesharing company Uber gained ground in Las Vegas Wednesday when a District Court judge ruled against a restraining order that would have temporarily prohibited it from operating in Clark County, the Las Vegas Review-Journal reported.

RideScout, a transportation aggregating app that was previously available in Austin and Washington only, launched its service in San Francisco to help more people find the best route to get to their destination in real-time.