Key Takeaways
- Uber owns several subsidiaries, including Uber Eats, Uber Freight, and UberWAV.
- Acquired companies include Jump Bikes, Careem, and Drizly.
- Previously owned entities include Raiser LLC and Xchange Leasing.
- Uber belongs to the Internet, e-commerce, and transportation industry.
What Subsidiaries Does Uber Own?
Uber owns and operates a long list of subsidiaries. The following is an overview of those companies and partnerships:
Uber Eats
Uber’s food delivery service started originally in Los Angeles, New York, and Chicago.
It’s available in the following countries:
- United States
- Australia
- Brazil
- Canada
- China (limited cities)
- France
- India
- Italy
- South Korea
Uber Freight
Uber Freight is a division that Uber created to focus on trucking freight across North America.
It connects independent drivers with shippers who need their cargo transported from one location to another.
Some traditional carriers accuse Uber Freight of being a ‘union buster’.
Freight does not own any trucks or employ people directly.
Instead, it serves as an intermediary between those looking for work transporting goods and those seeking help moving them around town.
UberWAV
UberWAV is a wheelchair-accessible service that’s available in cities such as London, New York City, and Chicago.
What Is The Corporate Structure Of Uber Technologies?
There are several layers to Uber’s corporate structure. Here are the basics.
Uber Technologies, Inc: Uber’s holding company owns all of the subsidiaries listed above.
Dara Khosrowshahi became Uber’s CEO in 2017 after Travis Kalanick stepped down.
He earns a very large salary, but it is not without reason.
Kalanick suffered from a lack of leadership skills and Uber went through problems such as sexual harassment, bullying, and workplace discrimination under his leadership.
Other members that round out Uber’s corporate structure include the following people.
- Nelson Chai: Chief Financial Officer
- Andrew Macdonald: SVP, Mobility & Business Operations
- Tony West: Chief Legal Office
- Gus Fuldner: VP, Safety & Core Services
- Nikki Krishnamurthy: Chief People Officer
- Sundeep Jain: Chief Product Officer
The following is a list of some (not all) of the major investors in Uber Technologies.
- Benchmark Capital
- TPG Growth
- Softbank Group Corp
- Noble Energy
- Goldman Sachs
- Morgan Stanley
- Baidu Capital
- Capital Fidelity Investments
Alphabet/Google Ventures is another major investor in Uber.
Google participated in several rounds of funding for Uber over the years totaling around $258 million.
It also invested an additional $250 million into another one of its subsidiary companies called Otto.
What Companies Did Uber Acquire?
Since its founding in 2009, Uber has acquired numerous other businesses that have helped make itself into one of the most valuable startups today.
These companies help Uber build on its core competencies as well as further diversify the brand’s offerings to consumers worldwide.
Here are some examples of acquisitions made by Uber Technologies inc.
Jump Bikes
One of the largest e-bike sharing networks globally, Jump Bikes LLC, got its start in 2010.
Uber acquired the company in 2018.
Careem
Careem is a transportation network company located in the Middle East with operations in over 90 cities across 14 countries.
In February 2021, Uber announced its acquisition of Careem for over three billion dollars.
Drizly
Drizzly is a Boston-based e-commerce company that delivers alcohol and other items to customers’ doorsteps.
Founded in 2013, Uber acquired it in 2021.
The Uber Eats app now services the Drizly market.
Transplace
Transplace is a trucking logistics company. Uber acquired it in 2021 for about $2 billion.
Uber, headquartered in San Francisco, placed Transplace underneath another Uber subsidiary called Freight.
Otto
Otto, Inc. develops self-driving technology for commercial trucks.
Uber purchased Otto in 2016.
DeCarta
A mapping and location technology company that Uber acquired in March 2015.
The acquisition gave Uber access to DeCarta’s proprietary map data and allowed them to develop its mapping technology for use in self-driving cars.
Limo Anywhere
An on-demand limousine service that Uber purchased in August 2015.
It’s now called Uber Lux.
Uber Technologies Inc acquired this company for $200 million from Blacklane, a German competitor of LimoAnywhere.
Postmates
Uber Technologies, Inc. acquired the Postmates food and grocery delivery app in 2021 and merged it into the Uber Eats platform.
What Companies Were Owned by Uber Previously?
Here are other companies or subsidiaries that Uber already owned or started before acquiring the above-listed companies.
Raiser LLC
Travis Kalanick formed Raiser to handle all of Uber’s legal and arbitration issues.
For example, you must name Raiser in a lawsuit you might bring against Uber after getting into an auto accident with an Uber driver.
Xchange Leasing
This subsidiary got its start to help Uber drivers lease or purchase new cars.
Xchange Technologies
Xchange Technologies is a software developer for Uber.
It builds the apps used by all of these companies.
Uber Copter
Started in 2019, Uber Copter is the Uber helicopter service that helps people travel between cities speedily and safely.
One of these rides typically costs $200 or more.
Uber Health
Uber launched this division in 2018 to help people find rides to and from their medical facilities.
Other Frequently Asked Questions
What Company Owns Uber?
Uber Technologies, Inc. is the parent company of all these subsidiaries and it’s headquartered in San Francisco, California.
Employees own the company through a stock purchase plan.
Travis Kalanick and Garrett Camp are co-founders of Uber and remain on the board of directors.
As you can see, Uber has been busy expanding its operations over the past few years to become a global transportation giant.
What Industry Does Uber Belong To?
Uber is part of the Internet and e-commerce industry.
It provides a ride-sharing service to people in nearly every country around the world through its mobile app.
Uber Technologies, Inc. pays independent contractor drivers for each trip they make via the Uber driver app, while riders pay within an integrated payment system at the end of each journey.
The company is also in the transportation business and has a self-driving car division.
Wrapping Up
Uber Technologies, Inc. has busily expanded its operations over the past few years to become a global transportation giant.
The company operates in nearly every country around the world through the Uber platform.
One of its biggest ambitions is to someday remove gig workers from its platform so it can provide driver-less transportation to its customers.
