Business

Uber Hits 2 Billion Rides Just Six Months After Its First Billion

Credit: Shutterstock/ Prathan Chorruangsak

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Robert Donachie Capitol Hill and Health Care Reporter

The CEO of Uber announced Monday that his company just completed more than two billion trips on its ride sharing application.

While it took the company six years to garner the first billion rides, Uber was able to more than double that number in just six months.

The company has invested heavily in recruiting drivers and passengers, according to Reuters Business. Uber’s recruiting efforts were “made possible by more than $13 billion in funding from investors.”

Uber’s CEO Travis Kalanick stated that “147 Uber rides started at the exact same second in 16 countries to tie for the two billionth trip.” China, where the company reportedly loses $1 billion annually due to competition, had the largest percentage of these rides, totaling 54 trips that one second.

Now in a total of 450 cities worldwide, the company looks to continue its upward trajectory in both rides and investment funding.

Uber just weeks ago announced it gained in-excess of $4 billion in funding, with roughly $3.5 billion coming from Saudi Arabia. This round of funding helped the company reach an evaluation of $62.5 billion dollars.

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