Uber's executive chief is arguing that his company needs to be able to provide its drivers with more money and better safety to keep them on the road.Speaking to reporters Thursday, Uber's Chief Executive Officer Travis Kalanick argued that Uber's current funding needs to come from outside sources like the state of California.The California state government has been slow to approve funding for Ube...
Delivery company Express delivery has just raised $11.5m from a consortium of investors including Amazon and Google.
The funding is part of a $60m round led by the tech giant and led by venture capital firm Benchmark Capital, according to a release.
The new round also includes funding from venture capital firms Accel Partners and Lightspeed Venture Partners, which will use the funds to further develop and test the company’s delivery product.
The new investors include Amazon, Alphabet, Alibaba, Baidu, Baoxiang Capital, BHP Billiton, CBRE, CITIC, Citi Ventures, Coopers CMB Capital, Digital Currency Group, E-Trade, Expedia, Expuesta, ExactTarget, GBL Capital, GMR Capital, GGV Capital, Hitachi, iFund, Jio, Kleiner Perkins Caufield & Byers, LinkedIn Ventures, New York Stock Exchange, PIMCO, Pimco India, SAP, San Francisco Stock Exchange and SunTrust Ventures.
The funding will help the company continue to scale up its delivery product, said CEO Daniel Bierman in a statement.
“It’s a significant milestone for Express.
Express is building a product that allows people to go directly from their homes to the office, and it’s a technology that will allow millions of people to seamlessly move online.
The team at Express is ready to take the next step and deliver our delivery service in the next few months.”
The delivery service uses blockchain technology to deliver packages to customers, said the company.
Customers receive their order at a point-of-sale (POS) terminal and receive a confirmation email that confirms the delivery and allows them to pay the shipping charges.
The company is also working on a mobile app, which is set to launch in the coming months.
Express plans to launch its delivery service globally in the fourth quarter of 2017, the company said.
The service will be powered by the company R3 CEV, which has been working on the delivery technology for several years.
The firm said the technology was created with “the intent of bringing about the greatest possible speed, efficiency, and security to commerce, but also to make sure that the delivery of our customers’ goods remains an open and transparent process.”
“Our vision is to provide the world’s best online shopping experience,” the company added.
“We believe this technology can change the way we do business.”
The company was founded in 2016.