Monday, 9 April 2018

Uber to buy US bike-hire firm Jump



Uber users around the world may soon be able to hire electric bicycles through the app, after the ride-sharing firm bought US bike-hire firm Jump.

 
Based in New York, Jump allows riders to rent electric-powered "pedal assist" bikes via an online platform.


Its bikes are also dockless and do not need to be returned to a specific place.


Uber, which already has a tie-up with Jump in San Francisco, said it would now look to "scale" the bikes globally.


Uber chief Dara Khosrowshahi said: "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."
The bike-sharing market is growing at about 20% a year and is set to be worth between €3.6bn (£3.1bn) and €5.3bn by 2020.


David Bailey, a professor at Aston Business School, told the BBC: "Uber is looking at this partly because it is fast growth area but it is also looking forward to a time when we won't own cars.


"Autonomous cars are coming and in big cities you won't need to own a car in future. You might want to use an Uber taxi but then finish the journey on a bike. So it's about offering multi-modal transport."





BBC        News.