Electronic enthusiasts eight o'clock: According to informed sources, Uber intends to acquire part of the team and technology of a parking service startup called Luxe in San Francisco, and the two sides are currently negotiating.
Luxe plans to sell some of its engineering team and technology behind its on-demand parking business. According to relevant media reports, company CEO Curtis Lee will not join Uber.
Uber declined to comment. Luxe did not respond to requests for comment from reporters.
In order to expand its service, Luxe, known as a blue jacketed parking lot, raised more than $75 million in funding, including a $50 million investment from the car rental company Hertz.
The company originally planned to provide on-demand parking. Just like calling a Uber car, customers can use the Luxe app to call a parker when they need to park. When customers arrive at their destination, whether they are dining at a restaurant or going to an office, Luxe can track where their car is.
But as the company began to acquire parking spaces, its business model has changed, and the company is becoming more and more like a traditional hospitality parking company. It eventually closed the on-demand parking application and announced a restructuring of the company. It plans to announce a different parking service later this summer.
Luxe is not the first on-demand service company to meet a variety of challenges as it grows. Another on-demand hospitality parking company called Zirx has closed its consumer parking business, focusing on serving corporate customers. Another startup called Carbon was completely shut down in 2015.
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