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Uber has acquired dockless bike-share company Jump

Uber has acquired dockless bike-share company Jump

Uber has acquired dockless bike-share company Jump

Industry experts say more consolidation will follow in the United States, particularly as bike-sharing companies face regulatory limits on the number of bikes allowed in cities and difficulties getting Americans accustomed to pedaling instead of driving. JUMP has a presence in other areas of the world as well, with a fleet totaling 12,000 dockless bikes in 40 cities across 6 countries. Most bike share programs in the United States have begun with the bikes needing to be docked, as USA municipalities fear the pitfalls of dockless bike share programs in Asia.

The French court said Uber had broken the 2014 "Thevenoud law", which says chauffeured services run through an online portal have to return to a base between fares, and that they can't use apps to find customers.

Renting a bike using a smartphone app is a growing mobility trend in cities worldwide and Uber wants a piece of the action.

Currently, JUMP is the only dockless bike sharing company that's permitted to operate in San Francisco, and for the moment that operation is relatively small in scale.

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Terms of the acquisition were not disclosed, but TechCrunch estimated it as close to $200 million.

"Our ultimate goal is one we share with cities around the world: making it easier to live without owning a personal vehicle". Currently, bike-share companies aren't subject to almost as many regulations, so this could be a smart tactic for Uber - that is, if they aren't tempted to develop self-driving bikes, which would be an unwise move, to say the least.

It was the originator of the self-locking dockless bike and operates more than 30 bicycle-sharing services around the world.

Considering Uber's scale, " Rzepecki hopes in order to disperse blink's bicycles further and faster. However, some cities have complained that dockless bikes have become a nuisance, clogging sidewalks or left damaged in odd locations. And with its mapping, Uber promises to make finding and reserving a bike as straightforward as its vehicle service.

France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber [UBER.UL] for running an illegal taxi service, the European Union top court ruled on Tuesday, dealing the Silicon Valley start-up another legal setback. With the sale, those users will likely need to switch over to the Uber app to access their dockless e-bikes.

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