Uber elevates Pradeep Parameswaran to Global business development role

Reflecting its commitment to global expansion and innovative business development, ride-hailing giant Uber has elevated Pradeep Parameswaran to a pivotal global role within the organization. Parameswaran, who has been spearheading Uber's Asia Pacific operations, will now lead business development initiatives on a global scale. Additionally, he will take charge of the enterprise product division and oversee a newly formed 'fleets' program team.

Parameswaran will be relocating to New York to assume this global role. This signifies Uber's commitment to leveraging talent across its international footprint. Parameswaran's ascent to this prominent position marks Uber's confidence in his leadership abilities and strategic vision. Having previously led Uber's India operations, Parameswaran's expertise in navigating diverse markets and driving growth has been instrumental in his journey within the company.

Parameswaran's track record of strategic acquisitions, including CarNextDoor in Australia and HKTaxi in Hong Kong, further underscores his ability to drive Uber's growth through strategic partnerships and market expansion initiatives. Beyond his role at Uber, Parameswaran's involvement as an independent director on the board of FSN E-Commerce Ventures reflects his broader engagement with the evolving landscape of technology and commerce.

With an increasing focus on electric and autonomous vehicles, fleet operators are set to play a pivotal role in Uber's future endeavors. Uber's emphasis on its fleet’s strategy aligns with its ambitious goal of transitioning its entire fleet to electric vehicles by 2040. Recent investments and partnerships, including a $20 million investment in Mumbai-based Everest Fleet and a strategic collaboration with Tata Motors, underscore Uber's commitment to sustainable mobility solutions.

Moreover, Uber's global vision extends beyond traditional markets, as evidenced by its $100 million investment in African mobility fintech Moove. This partnership aims to empower drivers on ride-hailing and delivery platforms through innovative vehicle financing solutions, with plans for significant expansion in India.

In light of Parameswaran's elevation, Prabhjeet Singh will continue to lead Uber's India and South Asia operations, ensuring continuity and focused leadership in key markets.