Bolstered by its success mobilizing the black-car industry, mobile ridesharing service Uber sees a lot of green in its future.
And the company is a lot larger than you think it is—worth almost as much as a full-scale original equipment manufacturer—if its recent $40 billion Round E valuation is any indication.
That makes Uber a giant in the industry, and not exactly a startup, according to the Washington Post. The graph below displays the estimated valuations of some of the globe's largest automakers, from giant Daimler-Benz—worth $90 billion—to Subaru. In the scheme of things, Uber would sit among heavy hitters General Motors and Ford, not other ridesharing services like Lyft, which has received valuations upward of $700 million.
We've seen astronomical valuations of Uber in the past, and this $40 billion claim isn't likely to be the last one. In June, Forbes reported that Uber was worth $18.2 billion. And according to Re/Code and AllThingsD, Uber was worth just $3.2 billion as of August 2013. Call it "surge pricing."
With recent bans in Europe and rogue status in cities like Portland, Ore., we're curious to see how this move plays out for Uber.
Hat tip to Reilly Brennan!
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