Uber acquires Jump dockless bike-sharing service

Tech
14
0

CLOSE

The ride-share giant has rolled out its Express Pool service, a cheaper version of Uberpool, where Uber users walk and carpool.
USA Today

Soon your Uber ride may have two wheels instead of four.

The ride-hailing app company announced Monday that it has reached a deal to acquire bike-sharing service Jump.

The deal accelerates Uber’s entry into the rapidly expanding market for dockless bikes. Jump had more than 12,000 bicycles in 40 cities across six countries in 2017.

The company recently switched to custom-designed electric bikes, which make it easier to get around in hilly areas such as San Francisco, where Uber has been testing the service through its app.

Uber declined to provide details on plans to expand Jump bike sharing or pricing plans. For now, the bikes cost $2 for 30 minutes of use.

Uber CEO Dara Khosrowshahi said in a blog post that the acquisition will help the company drive toward its goal of reducing car ownership.

“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,” he said in a blog post.

Jump CEO Ryan Rzepecki, who incorporated the company in 2010 and launched its first pilot a few years later, said the company’s brand will live on.

“We will remain good partners to cities while delivering excellent service to our riders,” he said in a blog post. “Together with Uber, I firmly believe we can make a more significant impact on the world and shift millions of trips from cars to bikes.”

The U.S. had 55 bike-sharing systems with 42,000 bikes in 2016, according to the National Association of City Transportation Officials. The largest were New York’s Citi Bike, Washington D.C.’s Capital Bikeshare, Miami’s Citi Bike, Chicago’s Divvy and Boston’s Hubway.

Riders typically pay a membership fee or per-ride fee to rent bikes for access to bikes. The average trip is 12 minutes.

Unlike systems in which bikes must be docked at an official station, dockless bikes can be left throughout a city. Users need a smartphone to unlock their rides.

Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.

Facebook Comments

Comments are closed.