todayonchain.com

Uber considers acquiring parking app SpotHero: Report

Crypto Briefing
Uber is reportedly considering the acquisition of parking reservation platform SpotHero to expand its services.

Summary

Uber, the global ride-hailing and delivery company, is reportedly exploring a deal to acquire SpotHero, an application that allows users to locate and pre-book parking spaces in various cities. This potential acquisition would enable Uber to broaden its offerings by integrating parking services alongside its current ride-hailing operations. SpotHero, based in Chicago, has previously raised significant venture capital, including a $50 million Series D round in 2019. The two companies had a prior relationship, having partnered in late 2023 to support the North American launch of Uber Carshare, a peer-to-peer car-sharing service that has since been discontinued.

(Source:Crypto Briefing)