Uber has acquired San Francisco bike-sharing service Jump

Uber has acquired San Francisco bike-sharing service Jump

Uber is further digging into the bike-sharing area. The company announced that it’s purchasing Jump, the bike-sharing platform that features “electric, dock-less” bikes. Jump bikes are interesting because you can drop them off and lock them up wherever it’s legal to park a bike, rather than on a specific rack.

We currently don’t know too many details regarding the acquisition, but it appears that you can order a bike as easy as you’d order a car. In addition, you can continue to use the Jump app if you prefer.

Per TechCrunch, Uber has paid around $200 million to acquire Uber. While Uber has acquired Jump, the bikes are still available in San Francisco. While they still exist, Jump can’t expand beyond 250 bikes until it gets authorization and evaluation from San Francisco Municipal Transportation Authority.

Hamza Khalid

Hamza Khalid is the Lead Editor at The Jolt Journal. You're more than welcome to follow him on Twitter and follow The Jolt Journal on Twitter and Facebook. If you have any questions, concerns, or need to report something in this article, please send our team an email at [email protected]. This story may be updated at any time if new information surfaces.

At The Jolt Journal, no one tells us what to write or how to write it. This is why, in the era of lies and bias, readers turn to an independent source. Rest assured, all information on our website is free of any bias or influence. If you see anything wrong with a story, please don't hesitate to reach out. We do our very best to report on the latest available information.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.