Ride-hailing giant Uber is buying the e-bike startup JUMP Bikes, adding bikeshare to its transportation options.In a blog post Monday morning, Uber chief executive Dara Khosrowshahi said the company had reached a deal to acquire JUMP, which operates dockless bikesharing services in the District of Columbia and San Francisco.The terms of the agreement were not disclosed, but TechCrunch reported last week that the sale could exceed $100 million.“We’re committed to bringing together multiple modes of transportation within the Uber app-so that 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,” Khosrowshahi said.The deal comes a few months after Uber launched a pilot program to integrate JUMP services into the Uber app in San Francisco.
Uber Gets Into Bikeshare Business With Deal To Buy Jump
Luz Lazo, the Washington Post, The Gazette (Cedar Rapids)
Mon, 04/09/2018 - 11:12am
Sections: u.s.
Topics: Iowa Linn County Cedar Rapids
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