Uber plans to acquire Luxe, a parking service startup.

According to informed sources, Uber is negotiating an acquisition with Luxe, a startup company, with the main target of talents and technology, and the negotiations have entered the final stage.

Luxe, which originally provided users with on-demand door-to-door service in parking service, was called "Uber for parking". Luxe service personnel usually wear blue jackets and ride scooters. After that, Luxe set up Luxe’s own parking station.

However, in April this year, it was announced to users that the service would stop on May 25th, indicating that business transformation was about to take place. According to the Wall Street Journal, Luxe also developed a short-term car rental technology, which was related to the service of Hertz, its largest shareholder car rental company, but was later stopped because the CEO of Hertz stepped down.

In the first half of last year, Luxe completed a $50 million Series B financing, which was led by the car rental company Hertz, followed by Redpoint Ventures and Venrock. Up to now, the company has received a total investment of 75 million US dollars.

This is a struggling company, and the new business transformation has not yet been completed. It has been reported recently that the company has been unable to establish a sustainable growth business model, partly because of the expensive garage contract.

Luxe was founded in 2013, and its headquarters is only three minutes’ drive from Uber’s headquarters in San Francisco, with a total of 60 people, excluding parking service business staff.

According to the Luxe CEO Curtis Lee, CEO of Luxe, will not join Uber, but may keep the brand and some technologies of Luxe and continue to promote the business transformation of Luxe.

Neither company has responded yet.

Uber has received $15 billion in financing, and of course, a large part of it has also been burned, and there are not many acquisitions. In 2016, it bought Otto, an autonomous driving company, for about $680 million, and acquired Geometric Intelligence, an AI company, for an undisclosed amount. Before that, in 2014, Uber acquired some assets of map startup deCarta and Microsoft Bing map service.