Uber CEO talks driver benefits, IPO in 2019

Uber CEO talks driver benefits, IPO in 2019

Uber CEO Dara Khosrowshahi took part in the Code Conference on Wednesday and spoke about his role as CEO, the company’s relationships with driver-partners, upcoming IPO and different Uber’s businesses.

Khosrowshahi once again confirmed that Uber is on the right track and the IPO is planned for the end of 2019. “We’re in a good position in terms of the company’s profile, in terms of profitability and margins continue to get better,” he said.

Recode’s Kara Swisher devoted a large part of the interview to driver-partners. Uber CEO said that the company is looking to provide benefits to drivers. For example, Uber may offer driver-partners in the U.S. an insurance package similar to the one the company has recently launched in Europe

Uber CEO revealed that the company plans to get its autonomous vehicles back on the road this summer. Uber stopped tests of its self-driving fleet after a fatal crash in which a pedestrian was killed. Dara Khosrowshahi also revealed that Uber and Waymo may work together again despite legal troubles between the two companies.

“They’re an incredible technology provider, they’re serious about autonomous,” Khosrowshahi said. “To the extent that that technology could show up on the Uber network, I think it could be a good thing. It’s up to them whether they want to do it or not.” Khosrowshahi also revealed Uber’s readiness to share its autonomous cars technology with third parties to develop the industry.

According to Khosrowshahi, Uber is focused on building a transportation platform inside the Uber app that would include electric bikes, car rental, train tickets and flying cars. Uber recently acquired e-bike startup JUMP and partnered with a ticket provider Masabi. The company also keeps developing its Elevate project and plans to run demonstration flights in 3 cities by 2020 – Los Angeles, Dubai and Paris.

“We want to be the Amazon for transportation,” Khosrowshahi said.

Uber CEO touched upon the impressive growth of Uber Eats around the world. The Uber’s food delivery service is growing by more than 200 percent a year in all markets except for China and has a $6 billion run rate.

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