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."
Hat tip to Reilly Brennan!