Uber acquires ebike sharing company Jump Bikes for around $100M-$200M
In a recent announcement, popular car-sharing company Uber has revealed that it has acquired ebike sharing company Jump Bikes. For the acquisition, Uber has reportedly paid around $100 million-$200 million to Jump Bikes but official figures have not been released by the company.
Jump Bikes presently has 250 ebikes operating in and around San Francisco -- and a few ebikes in Washington DC -- under its ebike sharing service. It was almost a decade back that Jump launched the service as a traditional city bike share program dubbed Social Bikes.
Under the ebike sharing service offered by Jump, customers have to pay only $2 (and some additional fees) for 30 minutes of ebike ride. In the 30 minutes of ebiking available under Jump’s service, customers can benefit from the boost of the electric engine to travel more than 10 miles on bike paths or through busy streets.
However, to avail the ebike sharing service offered by Jump, it is mandatory for customers to sign up for the service and become a member.
Uber’s acquisition of Jump Bikes is a notable move because it will potentially pave the way for the integration of the ebike sharing service into the Uber’s almost ubiquitous app, particularly at a time when the service is being made available in more cities. The integration will apparently encourage more ebike rides, which will translate into less vehicle travel, less congestion in cities, and lower greenhouse gas emissions.
According to an Automotive News report, German automaker BMW plans to discontinue its i3 all-electric compact car and i8 plug-in hybrid sports car ahead of introducing its next-generation electric vehicles (EVs).
Chinese electric vehicle (EV) manufacturer Kandi has recently marked its official foray into the US market, with the launch of two new EVs --- the EX3 all-electric SUV, and the K22 subcompact electric car.
US electric vehicle maker Tesla Motors CEO Elon Musk shared some interesting information about the automaker’s upcoming products last week, saying that the pickup truck is his ‘favorite next Tesla product.’ The statement was made by Musk during Te
According to electric vehicle maker Tesla’s latest update to its Model 3 online design studio, the automaker has increased the cost of the Model 3 Dual Motor version and some other options.
US electric vehicle manufacturer Tesla Motors has released its earnings report for the second quarter of 2018.
In an announcement made via a recent press release this week, Utah-based startup Nikola Motors -- which develops electric vehicles (EVs) and hydrogen fuel cell trucks -- said that it has secured a new funding of $100 million for bringing its vehic