Uber just bought an electric bike-sharing company

Uber just bought an electric bike-sharing company

The relationship between Uber and JUMP started earlier this year, when the two companies partnered on a pilot program in San Francisco to allow Uber users to reserve JUMP bikes within its ride-sharing app.

Another bike-sharing company joins the already-crowded market.

Uber is buying bicycle-sharing startup Jump Bikes, with the goal of making Jump another offering in the Uber app.

In a blog post Monday morning, Uber said it reached an agreement with Jump Bikes, a provider of battery-powered bicycles, for an undisclosed sum.

Jump will likely be fully rebranded as Uber-Bikes and is already operating on Uber's Website.

At Uber, we're focused on championing smart technology for smart cities. The company announced April 9 that it has agreed to purchase JUMP Bikes, a startup that offers dockless electric bicycle sharing programs in both Washington, D.C., and San Francisco. Pedal-assist bikes will now be allowed, but more powerful e-bikes that can reach speeds over 20 miles per hour will still be forbidden. "You drive down a street, you see bikes everywhere, all scattered out", Dallas City Council member Tennell Atkins told the Wall Street Journal late last month. Riders pay $2 for 30 minutes of use.

Those years of work and product design produced a nice-looking electric pedal-assist bike, sure.

More news: Facebook's Sandberg says other cases of data misuse possible

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.

There are over a thousand different bike-sharing companies now in operation across the world.

In January 2018, all these decisions came together when we launched 250 electric JUMP bikes in San Francisco.

At the same time, the move into dockless bikes could reenforce skepticism from opponents who say un-docked bikes clutter city streets and sidewalks, and encourage theft and vandalism. 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.

Uber has clearly spelt out its vision to become the number one mobility company that serves to help the typical urban commuter from one point to another without any hassles.

"When we first began talking to Uber they were going through an extremely hard time, with negative headlines each week and a massive change in leadership", writes JUMP Bikes founder and CEO Ryan Rzepecki in the obligatory Medium post.

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