Uber Contracts With Public Sector in a Software Deal

Uber (NYSE: UBER) will now become a transportation software provider. The San Francisco-based rideshare company signed a deal with Marin County, California, to manage parts of its public transport system with its software.

Once both sides finalize the deal, Marin residents will have the ability to book one of the county's minibuses using Uber's app. Rides will cost $4 per mile, though people with disabilities or other mobility issues will pay a rate of $3 per mile. If another rider is going the same direction, they may also share the cost of a ride. However, due to social distancing restrictions, only two passengers may ride in these six-seat buses.

Source Fool.com