Uber Rides on with eBike Sharer Jump Acquisition

Chances of increasing ebike use have moved up several gears after Uber snapped up Jump, the ebike sharing company.

In a reputed deal worth between $100m and $200m, Uber will be looking to integrate the US ebike facility into its app, meaning a cheaper and quicker option than hailing a car.

New York-based Jump enables riders to rent electric-powered ‘pedal assist’ bikes via an online platform. The bikes are dockless and don’t have to be returned to a specific location.

Jump offers a rider 30 minutes of ebiking for $2 and with an electric engine that equates to more than 10 miles of travel.

Jump, which began as Social Bikes, is likely to be rebranded within the Uber brand and offer the potential for riders to travel farther, faster and cheaper – and with no gas emissions!

Jump CEO Ryan Rzepecki said the concept was an evolution of bike sharing that bridges the gap between cars and bikes.

Uber is now looking to upscale the ebike phenomenon on a global scale.

Dara Khosrowshahi, Uber CEO, commented: “We’re committed to bringing together multiple modes of transportation within the Uber app – so you can choose the fastest or most affordable way to get where you’re going, whether that’s in an Uber, on a bike, on the subway, or more.”

The bike-sharing market is growing at about 20 percent a year and is set to be worth between €3.6bn (£3.1bn) and €5.3bn by 2020.

“Our ultimate goal is one we share with cities around the world: making it easier to live without owning a personal car,” said Khosrowshahi.

“Achieving that goal ultimately means improving urban life by reducing congestion, pollution and the need for parking spaces.”

Recent Articles

Cars of the Future: Promising Alternative Energy Sources

Eco-conscious drivers and scientists are looking for cleaner ways to power their cars. Here are some of the most promising alternative energy sources for the automotive industry

ABB and Volvo Electrifying Public Transportation in Gothenburg

Volvo and ABB are set to introduce eco-friendly electric buses in the streets of Gothenburg, Partille, and Molndal in 2020.

Electric batteries: the future of transportation

How do we tackle climate change and global warming? One way could be adopting newer technologies especially in one major area: Transportation. Here's a look at some of the best electric battery technologies.

Electric Vehicle Start-Up Faraday Future Receives $2B in Funding

Towards the end of last year, Faraday Future was said to have secured some fresh source of funding. The electric car start-up has now confirmed receipt of $2 billion to aid in the construction of its first EV by the end of the year.

Hyundai Will Use “Second Life” EV Batteries to Store Energy

Hyundai is partnering with Wärtsilä, a Finnish energy storage firm, to make use of the so-called second life electric car batteries for stationary energy storage.

Related Stories


Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox