Cargo, the startup that helps ridesharing drivers earn money by bringing the convenience store into their vehicles, has raised $22 million in a Series A round led by Founders Fund.
If you’re a passenger in an Uber with a Cargo box, you might find good old Pringles, but you can also find an Rx Bar. The concept offers a new distribution strategy to the upstarts whose conscious sourcing and brand storytelling appeal to label-watching millennials. Those same millennials use Uber.
Notable entertainment, gaming, rideshare executives invested as Cargo prepares to offer riders digital services across its domestic and international businesses
In-car commerce startup Cargo has raised $22.5 million in a series A round of funding led by Peter Thiel’s Founders Fund, with participation from Coatue Management, Aquiline Technology Growth, CRCM Ventures, Rosecliff Ventures, Kellogg’s Eighteen94 capital, RiverPark Ventures, and a series of notable individual investors, including Zynga founder Mark Pincus and Def Jam Records’ CEO Paul Rosenberg.
Cargo is said to be beginning to look beyond ride-hail, first by quietly experimenting with home-sharing hosts.Cargo, a startup that provides ride-hailing drivers with snack boxes and other items passengers can purchase, raised $22 million in Series A funding at a valuation just south of $100 million. Founders Fund led, and was joined by Coatue Management, Aquiline Technology Growth, and a number of entertainment executives also participating.
Uber is partnering with the company Cargo to offer in car items such as snacks, candy and phone chargers. The boxes will be provided to drivers free of cost, who can then sell the products as extra income, according to Cheddar. Right now, the only program available is in Los Angeles and San Francisco.
Partnering with Uber solves two problems for Cargo: It helps the startup reach drivers directly and gives it an endorsement by a well-known ride-hailing company. Some drivers may have been wary that Uber or Lyft wouldn't approve of their in-car side sales, but now it'll be easier for the Cargo to reach drivers through the exclusive deal. Currently, customers request and pay for the items through Cargo's mobile site, but it's not a stretch to see how Uber could one day integrate a Cargo purchasing functionality into its core app, which would likely lead to higher adoption by riders and more sales.
Uber this week announced a partnership with startup "Cargo," which aims to increase the wages of rideshare drivers by providing them with small containers filled with goods that riders can buy during their trips (via TechCrunch).
A startup named Cargo has been placing little vending machine-style boxes in the backseats of ridesharing cars for a year. Now, the company is getting a major push from Uber thanks to a new exclusive partnership.
The company supplies free boxes to Uber drivers filled with a selection of snacks and essentials.
The partnership came as Cargo has expanded its operations to San Francisco and Los Angeles, to provide snacks, beverages, electronics and beauty products to riders. Drivers have registered with the year-old company starting today to pick up Cargo boxes at Uber Greenlight Hubs in the two California cities.
Uber drivers could soon offer you an energy bar or phone charger during your ride.
The ride-hailing giant announced on Thursday that it's partnering with in-car commerce startup Cargo to let riders purchase items while they're on the go.
For now, it's only available for drivers in Los Angeles and San Francisco.
В Украине сервис Uber воспринимается исключительно как служба заказа такси, тогда как в США и других странах Uber может также привезти еду (UberEats), выдать напрокат электровелосипед Jump или скутер Lime, а с этой недели еще и продать пассажиру полезные мелочи, вроде закусок, наушников, зарядок для смартфонов и т.д.
Данная услуга уже предоставляется совместно со стартапом Cargo в Лос-Анджелесе и Сан-Франциско, постепенно география покрытия сервиса расширится на Нью-Йорк, Атланту, Даллас и другие крупные города США. Чтобы участвовать в данной программе, водитель должен быть активным участником программы Uber со средней оценкой не менее 4,7 балла.
In its quest to help drivers make more money on the job, Uber has inked a deal with Cargo, a startup that provides ride-hailing drivers with boxes of snacks and items passengers can purchase.
The bottom line: Earnings are drivers' top priority, so it's in Uber's best interest to help them earn more. In turn, this can motivate drivers to work more hours, which benefits Uber (and it doesn't have to fund these incentives itself).
Today, it was revealed via a press release that Uber and in-car commerce provider Cargo have struck a global partnership that will "delight riders with snacks, beverages, electronics, and beauty products while on a trip." Essentially, Cargo will provide drivers with boxes filled with the aforementioned products that can be strapped onto armrests. When a rider enters the car they can simply scan the barcode on the top of the box with their phones to see what's inside. About 30% of the box's content will be free samples that brands have paid Cargo to distribute, while the remaining offerings will only run riders a few bucks on average.
Ever hop in an Uber and realize you totally forgot to bring your headphones, phone charger, or a snack? Your driver may be able to help.
Some drivers already offer things like water or gum to passengers on their own dime. But Uber today announced it's partnering with a company called Cargo to let drivers offer riders free samples and items for purchase. Drivers in San Francisco and Los Angeles can get a free Cargo box filled with snacks, small electronic accessories, personal care items, energy, and beauty products to place in the center console of their vehicles.
It's not uncommon to encounter Uber drivers offering riders a bottle of water or a piece of gum but up to this point, the perks have been on the rider's dime. With Cargo, drivers will have the opportunity to sell snacks to riders and make a profit in the process.
Don't be surprised if you get a sales pitch the next time you step into an Uber car. The ridesharing service has formed a partnership with Cargo to give drivers free boxes full of goods they can sell to passengers through a mobile app, ranging from snacks to phone chargers -- if you didn't get a bite to eat before leaving for the airport, you won't have to wait to get your fix. Drivers in Los Angeles and San Francisco can pick up the boxes today at Uber's support centers (known as Greenlight Hubs), and there are plans to expand to other cities with Cargo service (including New York City, Atlanta and Dallas).
In case you haven’t noticed, Uber’s been busy. They just launched new pickup features that make it so you never have to call your driver again, they’re going to let you rent scooters through the app, and you can now use Venmo to pay for your ride. The latest? The company’s adding one more way for you to spend that Venmo balance: at an in-car vending machine.
Uber is making it easy for drivers in San Francisco and Los Angeles to grab a center console box full of snacks and electronics for riders to buy and sample.
Uber is partnering with Cargo, a service that provides drivers with free boxes stocked with snacks and small electronics like mobile chargers. Drivers can offer free samples but riders can also buy something from the box directly through the Cargo app on their phones.
Uber has announced plans to help drivers earn extra cash by allowing them to sell goods to passengers during trips. The new offering comes as the ride-hailing giant revealed an official tie-up with in-car commerce startup Cargo.
Since last year, Cargo has been providing drivers with ride sharing companies like Uber and Lyft with boxes of goodies to sell to passengers. Now, with its exclusive partnership with Uber, drivers working for the behemoth can register with Cargo if they choose and pick up Cargo boxes at Uber's Greenlight Hubs in San Francisco and Los Angeles.
Cargo wants to turn Uber vehicles into portable vending machines, and it's now teamed up with Uber to do it. On Thursday, New York-based startup Cargo announced that it now has an exclusive partnership with Uber to distribute its snack-filled mini vending machines to drivers through Uber's driver hubs where drivers go to sign up and get support. In return, Uber will receive some equity in Cargo if it hits certain milestones.
Uber has teamed up with Cargo, a startup that makes it easy for rideshare drivers to sell goods to their passengers. Cargo works by giving drivers free boxes, filled with goods like gum, phone chargers and snacks, to sell to passengers from the center of the car console.
SAN FRANCISCO—July 19, 2018 12:00PM EST—Cargo, the startup that provides in-car commerce to the rideshare economy, today announced an exclusive global partnership with Uber. The partnership comes as Cargo expands operations to San Francisco and Los Angeles, and aims to delight riders with snacks, beverages, electronics, and beauty products while on a trip.
Uber unveiled the partnership on Thursday saying the vending service will make rides better for passengers and give its drivers a way to make extra money. Cargo has been operating since June 2017 and is in nine cities, including New York, Baltimore and Atlanta. Now it's expanding to San Francisco and Los Angeles.
You never quite know what you’ll need when you’re on the move. An energy boost on your way to the big meeting, a phone charger when you’re down to 7%, or a much-needed snack at the end of the night—your time in an Uber is sometimes the only chance you have to refuel and recharge.
For all these scenarios and more, Cargo offers drivers free center-console boxes filled with goods that riders can order right from their phone. When it’s safe to do so, the driver hands over the item.
Those products and more may soon be peddled in your next Uber ride, thanks to a partnership between the ride-hailing company and New York startup Cargo. It starts Thursday in San Francisco and Los Angeles with plans to scale broadly to many of the 500 cities worldwide where Uber operates.
As people lead more on-the-go lifestyles, they’re also relying more on ride-sharing apps like Uber and Lyft. At the same time, demand for quick grab-and-go snacks from local convenience stores is increasing. Cargo taps into both of these trends to deliver a service that, if it continues to grow, could put further pressure on food retailers.
Drivers who sign up to take part in Cargo are given a display box of items they can sell to riders (replenished each month) such as snacks, electronics, toiletries and cosmetics. Riders can order the products via Cargo’s mobile app. The driver then furnishes them with what they’ve purchased during the next instance that it’s safe to stop the car.