Uber acquires E-bike sharing startup 'Jump' bikes

Uber has recently acquired E cycle sharing startup Jump, for an undisclosed amount of money. However, as per some sources, the deal was closed at $200 million.

    Uber has recently acquired E cycle sharing startup Jump, for an undisclosed amount of money. However, as per some sources, the deal was closed at $200 million. Jump the E-bike service provider made this deal in order to offer affordable and convenient ride options for the users as per their needs.

    Uber acquires E-bike sharing startup 'Jump' bikes

     

    As per some reports from the Beebom, Uber CEO, Dara khosrowshahi said, 'Today I'm excited to announce we've entered into an agreement to acquire Jump Bikes, an electric dockless bike-sharing service we've already been testing in San Francisco'. With the acquisition, Jump now have made the plans to expand beyond the US shores and also is planning to expands its e-bicycle sharing service in certain European markets beginning from next year.

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    Also in one of our recent articles related to Uber, we covered that in order to encourage road safety awareness the ride-sharing firm Uber had joined hands with Ministry of Road Transport and Highways and under this initiative. Both Uber and the Ministry of Road Transport will be jointly promoting road safety messaging on its app and social media through ministry co-branded materials and mediums. Several advertisements and videos targeting prevention of drunk driving and promotion of rear seat belts and hands on the wheel among other themes will be prepared and disseminated across the country as part of this safety campaign. Read the complete story here.

    Uber acquires E-bike sharing startup 'Jump' bikes

    We have also covered that Uber, announced the launch of a Driver Loyalty Program for its tenured driver partners. Uber A-ONE is a pilot project started in various Indian cities including Bengaluru, Mumbai, Delhi, Kochi and Chennai. With its aim to recognize the work and time that the driver partners commit to the company Uber has taken this initiative. Uber believes that the driver partners have played a major role in contributing to the future of Uber. This initiative awards and appreciates the most-tenured driver partners for their loyalty and support. Read the complete story here.

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