Sidecar is a ride-sharing company that has raised $15 million in funding from new and existing investors. New investor Richard Branson (Virgin founder) joined existing investors Avalon Ventures and Union Square Ventures. What is Sidecar? It is a company that connects riders with drivers like Uber and Lyft. Sidecar will make use of the funding to expand further in the U.S.
Uber, the on-demand car sharing service, is adding coverage for the times when drivers are in-between rides. The change was made following criticism over how a situation was handled when an Uber car was involved in an accident that killed a six-year-old San Francisco girl. Uber is extending its insurance policy on Friday to provide coverage for independent drivers who have Uber apps online, but aren’t carrying passengers.
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SideCar is an on-demand ride sharing service that has acquired the assets of Austin, Texas based rival Heyride. SideCar uses smartphones to connect drivers that have a car with people that need a ride. The acquisition will help SideCar build their operational presence in Austin, Texas in time for the SXSW 2013 conference.