Uber has acquired electric bike-sharing startup JUMP Bikes
JUMP is a dockless electric bike service that has rolled out in San Francisco.
SAN FRANCISCO (Reuters) - Ride-hailing company Uber Technologies Inc said on Monday it has acquired electric bike service JUMP Bikes, in a deal that further consolidates the crowded bike-sharing industry and allows Uber to offer US passengers an alternative to cars.
Uber said in a statement it had entered an agreement to buy JUMP, but an Uber spokeswoman declined to disclose the terms of the deal. JUMP is a dockless electric bike service that has rolled out in San Francisco, where it has a small presence with 250 bikes, and Washington, DC. About 100 JUMP employees will join Uber, the spokeswoman said.
Uber Chief Executive Dara Khosrowshahi said the acquisition furthers Uber s goal of offering "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."
