$8.7 billion
up 3.6%
Kalanick founded Uber, among the first ridesharing platforms to reach broad appeal, back in 2009. Kalanick became a controversial figure in the tech scene due to a slew of drug use accusations, sexual harassment allegations and hostile workplace complaints that plagued the company under his helm. That all culminated in him stepping down as the company’s chief executive officer in 2017. He remained on the board until 2019. Tech
Ventures: Since he has stepped down from Uber, Kalanick, 49, has quietly been at work developing an Uber-adjacent concept around ghost kitchens. He acquired a controlling stake in City Storage Systems, which owns CloudKitchens – a startup designed to create ghost kitchens specifically for food-delivery apps like Uber Eats. City Storage Systems, where Kalanick serves as chief executive, raised $850 million at a $15 billion valuation in 2021. A handful of companies operate under City Storage Systems’ umbrella, including Otter, a platform designed to help restaurants manage their presence on multiple food delivery apps. Otter makes $80 million in annual recurring revenue, according to Insider. CloudKitchens’ Middle East operations were in talks to go public, according to Bloomberg.
Autonomous: Though Kalanick was ousted from Uber, the New York Times reported in June that the company is working closely with Kalanick to fund his acquisition of an autonomous vehicle startup out of China, which may help Uber compete with the likes of Waymo. Pony.ai, the company in question, raised $260 million in a share sale when it went public in 2024.
