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posted by chromas on Saturday April 14 2018, @04:28AM   Printer-friendly
from the jumpstart dept.

Uber is getting into the dockless bicycle-sharing business with an acquisition reportedly worth $100-200 million:

Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital's Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We're now hearing that the final price was closer to $200 million, according to one source close to the situation.

JUMP's decision to sell to Uber came down to the ability to realize the bike-share company's vision at a large scale, and quickly, JUMP CEO Ryan Rzepecki told TechCrunch over the phone. He also said Uber CEO Dara Khosrowshahi's leadership impacted his decision.

[...] JUMP is best known for operating dockless, pedal-assist bikes. JUMP's bikes can be legally locked to bike parking racks or the "furniture zone" of sidewalks, which is where you see things like light poles, benches and utility poles. The bikes also come with integrated locks to secure the bikes.

Also at VentureBeat, Recode, and The Mercury News.

Related: New Electric Bikes, Scooters, and Dockless Bicycles Hitting U.S. Streets


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  • (Score: 2) by takyon on Saturday April 14 2018, @12:20PM (5 children)

    by takyon (881) <reversethis-{gro ... s} {ta} {noykat}> on Saturday April 14 2018, @12:20PM (#666892) Journal

    Limo makes you fat while the bike burns some calories.

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  • (Score: 4, Funny) by realDonaldTrump on Saturday April 14 2018, @01:55PM (4 children)

    by realDonaldTrump (6614) on Saturday April 14 2018, @01:55PM (#666925) Homepage Journal

    Believe me, I've burned A LOT of calories in limos.

    • (Score: 0) by Anonymous Coward on Saturday April 14 2018, @09:19PM (3 children)

      by Anonymous Coward on Saturday April 14 2018, @09:19PM (#667055)

      Not enough -- you are still a lard ass, fancy suit notwithstanding.

      • (Score: 2) by realDonaldTrump on Saturday April 14 2018, @10:02PM (2 children)

        by realDonaldTrump (6614) on Saturday April 14 2018, @10:02PM (#667069) Homepage Journal

        My Dr. says I'm carrying a few extra pounds (NOT OBESE). I'm bagging supermodels & pornstars. And I was elected President of the greatest Country -- used to be the greatest, it will be again -- in a LANDSLIDE. How much weight do I need to lose for YOU? Goodbye 10-piece KFC, hello 6-piece!!!!

        • (Score: 0) by Anonymous Coward on Sunday April 15 2018, @12:54AM

          by Anonymous Coward on Sunday April 15 2018, @12:54AM (#667104)

          A little touchy tonight, are we?

        • (Score: 2) by drussell on Tuesday April 17 2018, @09:49PM

          by drussell (2678) on Tuesday April 17 2018, @09:49PM (#668316) Journal

          Dude, your posts have really lost their pizazz lately... :(