Uber Technologies Company History Timeline

(989 Jobs)
2009

Uber was founded in Year 2009 by Garrett Camp, Oscar Salazar & Travis Kalanick.

USA - based ride-hailing company Uber was founded in the year 2009 under the name Ubercab.

Till mid-2009, Camp along with his friends Oscar Salazar and Conrad Whelan built the very first prototype of UberCab.

Uber was founded in 2009

In early 2009, Travis contributed an idea that became pivotal to the future Uber model.

Uber was first founded in 2009 by Garrett Camp and Travis Kalanick under the name UberCab.

Since it was founded in 2009, Uber has transformed the ride-hailing industry and grown to become the most valuable companies in the world.

2010

By January, 2010 Camp and Kalanick began testing the service.

In February 2010, Ryan Graves became the first Uber employee and received 5–10% of the company.

In May 2010, UberCab was officially launched in San Francisco.

The service launched in late May, 2010 with just a handful of drivers and customers.

The people at Formspring were pushing him to become their CEO, but in late September, 2010 he walked into a board meeting and declared, “I’m going to be Uber.”

In December 2010, Kalanick succeeded Graves as the CEO of Uber.

In early 2010, UberCab's service was first tested in New York with just 3 cabs.

In 2010, Kalanick got heavily involved with a Q and A website called Formspring.

In 2010, a man named Ryan Graves responded to a tweet sent out by Travis Kalanick and became the first UberCab employee.

In 2010, when the company was still UberCab, they unveiled a logo that featured a red “UC” with the company’s name above the logo.

2011

The first national expansion of Uber Cab came in the year 2011, which lead the entire New York to witness the presence of Uber.

By 2011, the job of securing investment was much easier.

In 2011, the company changed its name from UberCab to Uber after receiving complaints from San Francisco taxi operators.

2012

In April 2012, Uber launched a service in Chicago where users were able to request a regular taxi or an Uber driver via its mobile app.

In July 2012, the company introduced UberX, a cheaper option that allows people to drive for Uber using non-luxury vehicles, subject to a background check, registration requirement, and car standards.

The goal in this redesign was to make the Uber logo look more modern and luxurious – both themes that Uber tries to touch on in their marketing. It was in 2012 that the Uber logo got its first major overhaul.

2013

In April 2013, Uber allowed drivers to use their personal vehicles as part of UberX. Rates were quickly lowered, which caused some dissatisfaction among UberBLACK and taxi drivers, whose earnings decreased as a result of the increased competition at lower rates.

Travis Kalanick has been working on introducing driverless cars to the Uber mix since 2013.

2014

In August 2014, Uber launched UberPOOL, a carpooling service in the San Francisco Bay Area.

In August 2014, Uber launched a food delivery service called Uber Eats.

In early 2014, Kalanick hired former Amazon executive Jeff Holden as product development manager.

Uber had started operations in China in 2014, under the name 优步 (Yōubù).

2015

In March 2015, Uber acquired maping startup deCarta.

2016

In August 2016, Uber acquired self driving truck startup Otto.

After two years of development, Uber announced in August 2016, that its cars were ready for a limited showing.

In August 2016, after facing tough competition in China, Uber sold its operations in China to DiDi, in exchange for an 18% stake in Didi.

On September 14, 2016, Uber launched its first self-driving car services to select customers in Pittsburgh, using a fleet of Ford Fusion cars.

On December 14, 2016, Uber began using self-driving Volvo XC90 SUVs in its hometown of San Francisco.

By the beginning of 2016, Uber was on a more even keel.

Interestingly enough, Uber actually lost $2.8 billion on that 2016 gross, showing just how committed the company is to continue to push the envelope and develop new services and technologies that will revolutionize the transportation industry.

Today, Uber operates in 300 cities across 6 continents, and in 2016 Uber grossed $20 billion.

In 2016, though, the Uber logo underwent another major overhaul, this time ditching the “U” and the company name entirely.

Uber acquired Otto for $625 million in 2016.

2017

App building startup Complex Polygon got acquired by Uber in July 2017.

Again in July 2017 itself, Uber acquired social app development startup Swipe Labs.

In August 2017, Dara Khosrowshahi, the former CEO of Expedia Group became the CEO of Uber.

In October 2017, Uber started using only one test driver, despite some employees' safety concerns.

However, in 2017, Kalanick exited Uber owing to certain controversies.

Uber CEO Dara Khosrowshahi initially started as an analyst and later served as CEO of Expedia before joining Uber officially in 2017.

In fall 2017, Uber became a gold member of the Linux Foundation and received a five-star privacy rating from the Electronic Frontier Foundation.

2018

In February 2018, Uber combined its operations in Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan with those of Yandex.Taxi and invested $225 million in the venture.

The trial began February 5, 2018.

A settlement was announced on February 8, 2018 in which Uber gave Waymo $244 million in Uber equity and agreed not to infringe on Waymo's intellectual property.

In March 2018, there was a temporary pause to Uber's self-driving vehicle testing after the death of Elaine Herzberg by an Uber self-driving vehicle in Tempe, Arizona.

In April 2018, Uber acquired bike share startup Jump Bikes, to help Uber integrate the bike sharing option in Uber App.

After spending over $925 million to develop autonomous trucks, Uber cancelled its self-driving truck program in July 2018.

In December 2018, after receiving local approval, Uber restarted testing of its self driving cars, only during daylight hours and at slower speeds, in Pittsburgh and Toronto.

While Uber's food delivery services Uber Eats has a share of 24% in the food delivery sector in 2018.

As of 2018, Uber's valuation was $72 billion.

2019

Uber acquired acquired Careem which was its competitor in Middle East, in March 2019.

In March 2019, Uber proposed the idea of acquiring Careem, a transportation network company based in Dubai for $3.1 billion.

In March 2019, Uber was found not criminally liable by Yavapai County Attorney's Office for the death of Herzberg.

In April 2019, Uber scientist Raquel Urtasun offered a more cautious estimate of the company’s eventual self-driving capabilities, saying "self-driving cars are going to be in our lives.

Uber went public on May 9th 2019, and Uber's stock is one of the best performers in NYSE.

In June 2019, during the process of acquiring Careem, Uber cleared it first regulatory hurdle by getting its application approved from United Arab Emirates' Ministry of Economy.

In October 2019, Uber acquired Cornershop, an on-demand grocery delivery service for the Latin American Market.

In October 2019, Uber launched Uber Works to connect workers who want temporary jobs with businesses.

In October 2019, Uber announced an airport helicopter taxi service at JFK airport.

The app was initially available only in Chicago and expanded to Miami in December 2019.

Uber has a huge base of over 110 million worldwide users as of 2019.

Uber's cab services occupied a whopping 67% market share in the United States in 2019.

In 2019, Uber reported 1,414.7 crores USD Revenue

Uber posted a US$1 billion loss in the first quarter of 2019, and a US$5.2 billion loss of for the second quarter of 2019.

2020

In January 2020, Uber completed the acquisition of Careem for $3.1 billion after receiving regulatory approval from Egyptian Competition Authority (ECA). The regulatory approval from other countries where Careem operates including Qatar, Morocco and Pakistan was still awaited.

In February 2020, Uber regained the permit to test self-driving vehicles on public roads of California with backup drivers.

In June 2020, Uber announced that it will manage the on-demand high-occupancy vehicle fleet for the public bus agency Marin Transit in Marin County, California.

The consumer-facing Postmates and Uber Eats apps will continue to run separately, supported by a more efficient, combined merchant and delivery network.Uber acquired Routematch on 16 July 2020.

In July 2020, Uber announced Postmate's acquisition.

Uber acquired Routematch on 16 July 2020.

In July of 2020, Uber announced its intentions to acquire Postmates for 2.65 billion dollars.

Uber believes that inclusive transportation software can help agencies deliver more value.Uber announced the Autocab acquisition on 6th August 2020.

Uber announced the Autocab acquisition on 6th August 2020.

As reported in 2020, some major growth milestones achieved by Uber are -

Uber Eats increased revenues by over 200 percent in 2020

2021

On 02 Feb 2021 Uber and Drizly announced that Uber is acquiring Drizly for approximately $1.1 Bn in stock and cash.

Founded
2009
Company Founded
Headquarters
San Francisco, CA
Company Headquarter
Founders
Dara Khosrowshahi,John Alexander Thain,Garrett Camp,Travis Kalanick,Oscar Salazar
Company Founders

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