Uber just bought an electric bike-sharing company

Uber just bought an electric bike-sharing company

Uber just bought an electric bike-sharing company

Given Uber's scale, Rzepecki expects to be able to spread Jump's bikes further and faster. Sources told TechCrunch the final price could be approximately $200 million.

Jump Bikes initially set itself up in 2010 by selling electric bicycles to cities, and eventually became a rental service in its own right in 2013, with its own custom-designed two-wheeler EVs.

Acquiring Jump gives Uber access to Jump's on-demand e-bike data - and valuable insight into a transportation trend that is popular in Europe and Asia, but has only recently started to gain traction in the US.

Uber said the purchase was in line with its goal of "bringing together multiple modes of transportation within the Uber app".

Workforce Singapore and NTUC will offer assistance to drivers and employees affected by the Grab-Uber merger, Minister of Education (Schools) Ng Chee Meng said on Monday (Apr 9).

"Our ultimate goal is one we share with cities around the world: making it easier to live without owning a personal auto", Khosrowshahi wrote.

But: There's a risk the service eats some of Uber's shorter auto journeys.

Russian Federation dismisses allegations of Syria chemical attack as "fake news"
He also told the Council that Moscow has warned the US of grave repercussions if it carries out strikes against Syrian forces. Moscow has said its experts have not found "any trace of chlorine or any other chemical substance used against civilians".

Another youth abducted by militants found dead in JK
Police sources said the Lashkar-e-Taiba (LeT) had abducted the youth and his father, Abdul Gafar Bhat, from Hajin on Wednesday. On Monday too the terrorists had stormed into the house of Farooq Ahmad Parrey and started firing randomly.

WWE WrestleMania 34 stage: Mercedes-Benz Superdome set revealed in New Orleans
During his promos, not once has he called the Undertaker as Deadman or the Phenom, Cena always referred to him as a "man". This would confirm scuttlebutt that Lesnar's contract with the WWE is up and he will make another switch back to MMA.

With the addition of bicycles, Uber is taking a page from the playbook of competitors such as China's Didi Chuxing.

Renting a bike using a smartphone app is a growing mobility trend in cities worldwide and Uber wants a piece of the action. You get 30 minutes of ebiking for $2 (plus some fees). JUMP has a presence in other areas of the world as well, with a fleet totaling 12,000 dockless bikes in 40 cities across 6 countries.

The ECJ said that since Uber was offering a transport service under European Union law the obligation to notify the Commission in advance did not apply.

Uber is side-stepping this controversy with the acquisition of Jump Bikes.

JUMP Bikes, the dockless electric bike sharing company is joining Uber to transition to a multi-modal platform.

In Washington, JUMP is one of five dockless bike operators. (Via, a ride-sharing company in New York City, was already doing something similar.) In January, Uber joined a call with Zipcar, Lyft, and several bike-sharing companies urging cities to embrace their services for more sustainable transportation. Today, we help tens of millions of people get a ride at the tap of a button.

But under the new leadership of Uber CEO Dara Khosrowshahi, whom Rzepecki says leads with humility, "we realized that we shared Uber's vision of multi-modal mobility and had the same goal of decreasing auto ownership".

Related news