By Will Drabold
July 19, 2016

Uber’s CEO announced on Facebook the company completed its two-billionth ride in mid-June, coming shortly after investors poured $3.5 billion into the international ride-sharing business.

It took Uber five years to reach one billion trips, but only six months to reach two billion. The private company is valued at more than $62 billion and is spending heavily as it expands internationally. Travis Kalanick, Uber’s CEO, said 147 Uber rides started simultaneously in 16 different countries to push the company past the one billion rides mark.

Uber raised $3.5 billion from Saudi Arabian investors at the beginning of June and has raised billions in additional investment over the last two years. The service is now in 450 cities around the world. The two billionth ride comes as Uber works aggressively to add new drivers to its fleet and attract new riders.

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