Uber Buys Dockless Bike-Share Company Jump

Uber Buys Dockless Bike-Share Company Jump

Uber said that the firm is expanding Uber Bike by JUMP to Washington, DC. We focused too much on growth and not enough on the people who made that growth possible.

Uber isn't just a ride-hailing service anymore - or at least the company is trying not to be.

You'll soon be able to rent cars, electric bicycles, and book trips on public transport using only the Uber app.

"Having a greater variety of transportation modes at your fingertips helps make it increasingly easy to live without a auto", Uber CEO Dara Khosrowshahi wrote in a blog post Wednesday.

Finally, Uber is looking to cover as many transportation means as possible by offering public transit services directly through the Uber app.

Uber has long billed itself as much more than a ride-hailing service. Even though the still-private company is flush with investor cash and valued at $72 billion, it's yet to turn a profit.

Khosrowshahi said the new plans would help Uber offer solutions for an increasingly urban world population and reduce the need for auto ownership. The service will appropriately be called Uber Bike.

Bill Clinton hails 'genius' of N.Ireland peace deal 20 years on
FORMER US President Bill Clinton will speak in Belfast later today to mark the 20th anniversary of the Good Friday Agreement . For more than a year, the DUP and Sinn Fein have refused to share power in Stormont.

Uber and Getaround already worked together a year ago with a car-share service for Uber drivers to borrow cars for passenger trips. The Uber Rent feature, which is in partnership with car-sharing company Getaround, will let users find cars for short-term rentals using the Uber app. Uber Rent will be available later this month. Especially with exclusion zones for ICE cars starting to spread around many European capitals and major cities, it doesn't take a marketing PhD to spot lucrative opportunities.

"At Masabi our mission has always been to make it quicker and easier to get around cities using a range of transit options and in Uber, we've found a ideal partner to help us further that mission", said Brian Zanghi, CEO of Masabi.

Users of the Uber app will now be able to book train or bus tickets in a number of cities.

Anyone with the Uber app in D.C. can now use it to rent a JUMP bike, the electric bikes that Uber now owns. For now, the two companies will work integrating the Masabi platform into the Uber app and hope to have a product ready later this year.

While Uber has pulled its self-driving vehicle programs in all the markets where it operated, as well as not reapplied for a permit to operate in San Francisco, Khosrowshahi says not to take today's announcements as any sign that Uber is moving away from autonomous.

There will only be 250 bikes available on the app when the program launches in San Francisco next week.

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