<p class="title">Uber Technologies Inc's senior executive Rachel Holt, who oversees the ride-hailing company's bike and scooter operations as well as partnerships with public transit organizations, will step down to start her own venture.</p>.<p class="bodytext">"After 8.5 unforgettable years at @Uber and more than a half-dozen funding rounds, I've decided to put the shoe on the other foot...," Holt, Uber's head of New Mobility, tweeted Rachel J. Holt on Tuesday.</p>.<p class="bodytext">Holt also tweeted she was working on co-founding a new venture capital firm in Washington D.C.</p>.<p class="bodytext">Her departure comes at a time when technology companies are revisiting their investments in shared transportation.</p>.<p class="bodytext">German car-makers BMW AG and Daimler AG in December said they will exit the North American car-sharing market, citing the "volatile state of the global mobility landscape."</p>.<p class="bodytext">Electric scooter company Lime, a San Francisco-based competitor of Uber's JUMP program, last week said it was laying off 14% of its workforce and ceasing operations in 12 markets as it seeks to become profitable.</p>.<p class="bodytext">Fueled by venture capital funding, while electric scooter companies have flooded U.S. streets with app-based scooter rentals over the past years, none has yet turned a profit.</p>.<p class="bodytext">Uber in November reported $38 million in third-quarter revenue from a non-core ride-hailing segment it calls "Other Bets," the largest portion of which includes its dockless e-bikes and e-scooters. </p>
<p class="title">Uber Technologies Inc's senior executive Rachel Holt, who oversees the ride-hailing company's bike and scooter operations as well as partnerships with public transit organizations, will step down to start her own venture.</p>.<p class="bodytext">"After 8.5 unforgettable years at @Uber and more than a half-dozen funding rounds, I've decided to put the shoe on the other foot...," Holt, Uber's head of New Mobility, tweeted Rachel J. Holt on Tuesday.</p>.<p class="bodytext">Holt also tweeted she was working on co-founding a new venture capital firm in Washington D.C.</p>.<p class="bodytext">Her departure comes at a time when technology companies are revisiting their investments in shared transportation.</p>.<p class="bodytext">German car-makers BMW AG and Daimler AG in December said they will exit the North American car-sharing market, citing the "volatile state of the global mobility landscape."</p>.<p class="bodytext">Electric scooter company Lime, a San Francisco-based competitor of Uber's JUMP program, last week said it was laying off 14% of its workforce and ceasing operations in 12 markets as it seeks to become profitable.</p>.<p class="bodytext">Fueled by venture capital funding, while electric scooter companies have flooded U.S. streets with app-based scooter rentals over the past years, none has yet turned a profit.</p>.<p class="bodytext">Uber in November reported $38 million in third-quarter revenue from a non-core ride-hailing segment it calls "Other Bets," the largest portion of which includes its dockless e-bikes and e-scooters. </p>