Detroit Bureau on Twitter

Posts Tagged ‘Jump sells to Uber’

Uber Makes Jump to Electric Bikes

Ride-sharing company pushes toward elimination of drivers.

by on Apr.10, 2018

Uber acquire bike-sharing company Jump, which offers electric bikes for users.

With Uber’s latest acquisition, the odds of any company executive getting into an argument with the driver is unlikely as the company has acquired bike-sharing service Jump. Terms of the deal were not released.

Jump is a “dockless” bike, which means users can leave them in any bike stand – as opposed to a branded stand – and they’ll be disabled until the next user comes along to rent it. The rider gets a code on their smartphone to activate the bike.

News You Can Trust!

The move pushes Uber closer to its goal of reducing car ownership, according to CEO Dara Khosrowshahi in a blog post. (more…)