Uber said its revenue surged in the first quarter of the year, underpinned by a recovery in its ride-hailing and delivery businesses. AP
Uber said its revenue surged in the first quarter of the year, underpinned by a recovery in its ride-hailing and delivery businesses. AP
Uber said its revenue surged in the first quarter of the year, underpinned by a recovery in its ride-hailing and delivery businesses. AP
Uber said its revenue surged in the first quarter of the year, underpinned by a recovery in its ride-hailing and delivery businesses. AP

Uber unveils new products to attract customers and improve profits


Alkesh Sharma
  • English
  • Arabic

Ride-hailing company Uber unveiled new products and services on Monday, in a bid to attract more customers and improve its bottom line.

New services include hotel and flight reservation, charter bus bookings, new electric vehicle options for customers and electric vehicle hub and charging map for drivers.

The National looks at the new services announced on Monday.

Uber travel

Uber travel service allows users to reserve rides for each leg of their itinerary. They need to connect their Gmail account while making the booking and Uber will help them to organise hotel, flight and restaurant reservations all in one place.

The users will also get 10 per cent back for each reserve ride. It is available from Monday in the US and in the coming weeks in Canada, the company said.

An Uber Eats bicyclist makes a delivery in Capitol Hill, Washington. Reuters
An Uber Eats bicyclist makes a delivery in Capitol Hill, Washington. Reuters

The California-based company is also making it easier to book a bus for group gathering through its new Uber charter service.

Through Uber charter, users can book a party bus, passenger van or a coach bus in the Uber app.

“No research, no stress, no surprises … we will show you pricing upfront. Uber charter is launching across the US this summer,” Dara Khosrowshahi, the company’s chief executive, said.

Uber comfort electric

The company's new comfort electric service will provide users a ride in a premium electric vehicle like a Tesla or Polestar on demand. This option is currently available in Dubai, Los Angeles, San Francisco and San Diego with more cities to come soon, the company said.

Last year, Uber announced a partnership with Hertz to make up to 50,000 Tesla vehicles available for drivers to rent by 2023. Bloomberg
Last year, Uber announced a partnership with Hertz to make up to 50,000 Tesla vehicles available for drivers to rent by 2023. Bloomberg

The company aims to become a zero-emissions mobility platform by 2040. Last year, it formed a partnership with Hertz to make up to 50,000 Tesla vehicles available for drivers to rent by 2023.

EV hub and charging map

The company has built an EV hub in the Uber app “where they [drivers] can get information and incentives to join the electric revolution, and even compare the cost of ownership of an EV with a non-EV”, the company said.

To make charging easier for drivers, Uber is also adding a charging map directly to the driver app to show them where the nearest EV chargers are located, the charging speeds and navigation to get there.

Voice ordering

Uber has integrated Google Assistant into Uber Eats to let users place orders through their voice.

“Just say OK Google, and ask your phone to order a meal from a restaurant on Uber Eats. Voice ordering will start rolling out globally in English this summer with more languages to come,” Mr Khosrowshahi said.

Autonomous delivery

Uber is launching two autonomous delivery programmes in Los Angeles with Serve Robotics, a robotic sidewalk delivery start-up, and Motional, an autonomous vehicle technology company.

“These pilots mark our continued work to bring safe, reliable and affordable autonomous technology to merchants and consumers everywhere,” Mr Khosrowshahi said.

Uber shares react on company's move

Uber's shares were trading almost 2.5 per cent down at $23.8 a share at 9pm UAE time on Monday. The company’s stocks are down almost 46 per cent since the start of the year.

Earlier this month, Uber said its revenue surged in the first quarter of the year, underpinned by a recovery in its ride-hailing and delivery businesses in the January to March period.

Dara Khosrowshahi, chief executive of Uber. Bloomberg
Dara Khosrowshahi, chief executive of Uber. Bloomberg

Its revenue in the three months to the end of March soared 136 per cent on an annualised basis to more than $6.9 billion, surpassing analysts’ estimate of $6.1bn. The company reported adjusted earnings of $168 million during the quarter, compared with a loss of $359m in the prior year period.

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

The specs

Engine: 3.9-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 760Nm

Price: Dh898,000

On sale: now

Record breaker
  • The most total field goals made in NBA history, as well as the most consecutive games scoring 10 or more points
  • The only player in NBA history to reach 10,000 rebounds and 10,000 assists
  • Four-time regular season MVP and four-time NBA Finals MVP
  • Six-time NBA All-Defensive selection. Rookie of the Year in 2004
  • The most All-NBA selections with 21 in a row, including a record 13 first team selections
  • The most consecutive All-Star selections with 21
  • The only player to play alongside his son; Bronny James was chosen by the Lakers in the 2024 NBA draft
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Updated: May 17, 2022, 5:12 AM