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Uber Executives Form Group To Invest In Other Former Employees' Projects

by businessinsider.com posted 4months ago 33 views
Two former Uber executives have formed a group to fund startups led by other Uber alums. The group, called Moving Capital, has already made a number of transportation-focused investments in companies Lime, Cargo, Replicated, Service, and Salido. A group of Uber defectors are quietly working together to spearhead each other's new companies, Axios reports. The project, led by former Uber General Manager Josh Mohrer and former Uber west coast operations lead William Barnes, aims to invest in transportation-focused companies led by other former Uber employees. The project is appropriately named, "Moving Capital."