Uber acquires Jump bike-sharing startup

Uber acquires Jump bike-sharing startup

Beleaguered ride-hailing company Uber announced today that it will acquire Jump (née Social Bicycles), the dockless bike-share outfit that sprouted up in San Francisco in January.

Jump only has 250 electric bikes in San Francisco, but so far customer response to the program has been "incredible", said Jump CEO Ryan Rzepecki in a blog post. Several of Uber's global competitors, including Chinese giant Didi, have invested in or partnered with bike-share startups.

The ride-hailing giant agreed to pay more than $100 million in cash and stock to buy the electric-bicycle provider, according to a source who asked not to be identified because the figure isn't public. By moving away from a strictly ride-sharing model, Uber may even eventually capture part of the Chinese market away from prospective competitor Didi Chuxing. "At our core, we are still the same team that is passionate about partnering with cities to increase cycling", he said in his Medium post, "but joining Uber presents us with the opportunity to realize our dreams faster and at a much larger scale".

Jump now operates in San Francisco and Washington DC, and Uber did not confirm if and when it would begin to more widely roll out Jump's bikes to more cites in the United States and beyond. Per its permit, the company should be able to double the number of bikes in the city by September. Jump charges just $2 for every 30 minutes of hire with most journeys coming in shy of that length.

Khosrowshahi's rationale is that Uber's "ultimate goal" of "making it easier to live without owning a personal car" means it has to host multiple modes of transport.

Читайте также: Apple's Energy 100 Percent Clean, Renewable, Company Says

Its e-bikes, which were unveiled previous year in Washington DC, cost $2 (£1.40) for the first half-hour, then 7 cents per minute. First off, the bikes are electric bikes (or e-bikes).

Khosrowshahi said that Uber plans to integrate independent bike companies into Uber's app as well.

Bikeshare investments are the new hot thing in tech, and for Uber, the value here may lie in having vehicles that do not have the "Uber" name on them.

Uber is expanding out its business to include bide-sharing with its recent acquisition of JUMP Bikes. Ridesharing company, Uber has acquired JUMP for an undisclosed amount. Our hometown pilot is off to a very strong start, with riders enjoying a convenient and environmentally friendly way to cruise up and down our trademark hills.

As CEO Ryan Rzepecki points out in a blog post announcing the acquisition, Jump is a "10-year "overnight success" story"-a company that had always been hacking away at the dockless bike-sharing business before the model's explosive success in China brought a flood of funding into the space".

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related Articles

  • US Publicly Held Debt Will Match GDP In 2028

    US Publicly Held Debt Will Match GDP In 2028

    ET because the original headline incorrectly used CEO as an attribution, instead of CBO, the Congressional Budget Office. The last time the USA recorded deficits of more than $1 trillion was 2012, which was in the aftermath of the recession.
    Amid trade fight, Trump says he'll 'make it up' to farmers

    Amid trade fight, Trump says he'll 'make it up' to farmers

    It said that "linking China's strategic choice to the current China-US trade frictions" was a "baseless interpretation". China's assistance is essential in denuclearising the North. "We will not bully our neighbors", the president said.
    Monday, April 9 Afternoon Forecast Discussion

    Monday, April 9 Afternoon Forecast Discussion

    Snow totals in the advisory areas will be between 1-3 inches, with higher totals possible above 3500 feet on ridges. There will even be a chance for a few rain showers by afternoon over parts of Southwest and South Central Missouri.
  • LG G7 unveiling event set for May in NY

    LG G7 unveiling event set for May in NY

    The image appears to be legitimate and it gives everyone a look at the phone's appearance before it is even announced by LG. We will be at the gala to relay to you all the festivities, and can't wait to see what LG has cooked up .
    F1 2018: 5 craziest moments of The 2018 Bahrain Grand Prix

    F1 2018: 5 craziest moments of The 2018 Bahrain Grand Prix

    Unaffected, Vettel pushed to make the most of an emergency one-stop strategy, resisting Bottas all the way to the flag. As the Dutchman idled back to the pits, his Red Bull team-mate Ricciardo slowed and stopped at the side of the track.
    Airtel Launches New Rs 499 Plan; Announces New 300 Mbps Broadband Plan!

    Airtel Launches New Rs 499 Plan; Announces New 300 Mbps Broadband Plan!

    This plan comes with free unlimited calls and these benefits are just similar to rest of the Airtel myPlan infinity packs. Airtel has launched a new recharge pack with 82-day validity and 2GB of daily data allocation for prepaid users.
  • Virginia woman accused of decapitating man, saying

    Virginia woman accused of decapitating man, saying "let me get my heads"

    It wasn't until she was fingerprinted that law enforcement learned she was Roena Mills, of Rural Retreat, Virginia. Deputies said they also found another body part of the victim in the home where they originally found Mills .
    Cardi B Talks Offset & Pregnancy

    Cardi B Talks Offset & Pregnancy "I hated how people harassed me"

    Francis is reportedly charged with criminally negligent homicide but remains overseas and has not been taken into custody. He be f-ing with mad bitches.' People used to put things in his head: 'Cardi , she's a dog.
    Rohani: US 'Will Regret' Any Violation Of Iran Nuclear Accord

    Rohani: US 'Will Regret' Any Violation Of Iran Nuclear Accord

    Azari-Jahromi said the attack mainly affected Europe, India and the United States , state television reported . Many question what will happen if Trump will drop away the nuclear deal .
  • Rahul's 14-ball fifty helps Punjab off to winning start

    Rahul's 14-ball fifty helps Punjab off to winning start

    Chris Morris (27) and Dane Christian (13) then took DD to a fighting total with some boundaries towards the end of the innings. Talking about the teams, KXIP looks quite balanced with players like Yuvraj Singh , David Miller , Chris Gayle and KL Rahul .
    Danilo: Manchester United resorted to long balls to beat Man City

    Danilo: Manchester United resorted to long balls to beat Man City

    The 36-year-old was at the game in a coaching capacity ahead of joining Mourinho's backroom staff in the summer. United's 3-2 win at the Etihad delays City being confirmed as champions.
    Chevy Camaro refreshed for 2019

    Chevy Camaro refreshed for 2019

    Chevrolet says that, "Camaro designers follow the mantra that all elements must not only be lovely but also enhance performance". The brand reports that the new 10-speed automatic transmission in the SS Camaro is not same as the 10-speed in the Camaro ZL1 .