Unlike with many municipal bike-sharing programs, JUMP bicycles are dockless. TechCrunch which had earlier reported that JUMP was in talks with Uber for investment including Sequoia Capital's Mike Moritz while contemplating a sale of $100 million pegged the final price closer to $200 million based on its sources.
Jump founder Ryan Rzepecki first got the idea for his bike-sharing company while studying for his master's degree in urban planning at Hunter College.
Since starting the pilot program a few months ago, Uber has found that the average distance of a ride on a Jump bike is 2.6 miles - which is not much different from how far customers travel on average for an Uber vehicle ride. Uber's expertise in pushing into new cities could help Jump expand even more rapidly.
Uber CEO Dara Khosrowshahi mentioned in a post that the company wishes to make numerous modes of transportation readily available within its program, including bicycles and subway rides.
It's the second recent anti-Uber ruling from the Court of Justice of the European Union (CJEU), which said in December-in a case involving Spain this time-that Uber is a transportation company.
Khosrowshahi said in an interview that Jump was "a ideal fit" for Uber's expanding portfolio beyond its core ride-hailing service.
Uber is valued at between $48 billion and $68 billion, making it the world's most valuable start-up.
With the addition of bicycles, Uber is taking a page from the playbook of competitors such as China's Didi Chuxing. Bikes are locked and unlocked using a smartphone app, and can be left at any bike rack with their location tracked using Global Positioning System. It costs $2 for 30 minutes of ride time. An integrated U-bar also enables riders to lock the bike to light poles, trees, benches, or traditional bike racks.
The ECJ said that since Uber was offering a transport service under European Union law the obligation to notify the Commission in advance did not apply. This is proof that JUMP e-bikes allow you to go farther, faster, and have more fun.
Ride-hailing giant Uber is buying the e-bike startup JUMP Bikes, adding bike-share to its transportation options.
Until past year, Jump Bikes was known as Social Bicycles and provided bikeshare systems for city governments across the United States.
You've heard me talk a lot about Uber as a platform-using the power of our technology, our on-the-ground Ops know-how, and global scale to provide more options for multimodal transportation to help people (or stuff) get from point A to B. This also helps us provide greener, more affordable, and more accessible transportation options for commuters, ultimately reducing the need for individual auto ownership. In addition, you can continue to use the Jump app if you prefer.
The Alliance of American Football league named Spurrier head coach of a new professional league team based in Orlando. To help him steer the league, Ebersol has brought on former NFL general manager Bill Polian, now an analyst for ESPN.
Having emerged victorious and won the first license, AMC will open its first theater in Riyadh in two weeks time on April 18. The first film the cinema will screen will be hit Marvel superhero flick Black Panther , a source added to Reuters .
But WWE announcing Monday that Lesnar re-signed with the company certainly quelled any talks about his departure at least for now. Back at WrestleMania 31, Reigns had his singles match with Lesnar interrupted by Seth Rollins and a Money in the Bank briefcase.
The unprecedented meeting was arranged through a group of South Korean envoys who met with Kim in Pyongyang last month. If the talks go ahead, it would be the first time a sitting United States president has met a North Korean leader.
As they headed into the first corner on the final lap, Bottas had a half-hearted attack but he was just not close enough. Sebastien Vettel stormed to victory with a masterful drive in Bahrain to make it two from two for the German in 2018.
Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period. Zeke Ashton increased its stake in Brown & Brown Inc (BRO) by 82.81% based on its latest 2017Q4 regulatory filing with the SEC.
And if you haven't grabbed the game yet, PC, PS4, and Xbox OneGhost Recon Wildlands is available for purchase at Amazon on. It will also contain an exclusive customization pack, four Special Ops Battle Crates, and four Ghost War Battle Crates.
Barley said it was now up to Spain to prove their embezzlement charges against Puigdemont , which she said "won't be easy". Misuse of public funds carries a sentence of around eight years at Spain , while a rebellion sentence can hit 30 years.
If current gains for S&P 500 hold, it would be the best three-day run since Trump's election victory in November 2016. JPMorgan Chase gained $1.79, or 1.6 percent, to $112.22 and Citigroup added $1.16, or 1.7 percent, to $70.47.
It has preset sounds which can be triggered by Google Home broadcasts, for particular incidents. You can also say "Alexa, tell everyone..." or "Alexa, broadcast..." to access the new feature.
Syria actions demand worldwide response
Ms Haley has called for a vote on Tuesday on a draft resolution to set up a new inquiry into the use of chemical weapons in Syria. The new proposed United Nations resolution includes rival Russian and Western proposals for a new body to assess blame.
Russia's Rusal plunges on United States sanctions
The measures affect the seven oligarchs, 12 companies they own or control, as well as 17 senior Russian government officials. The action targeted Russian oligarchs whose companies have wide-ranging involvement in global capital markets.
Korea seeks summit with Trump in Pyongyang
The countries will hold at least one more meeting on these issues to discuss the summit's agenda. South Korean President Moon Jae-in and US President Donald Trump have both agreed to meet Kim.
Turnout high in Hungary as Orban fights to retain power
Some 8 million voters cast their votes in more than 10,000 polling stations from 6 am (0400 GMT) local time until 7 pm (1700 GMT). The strongest opposition party is the formerly far-right Jobbik, which has recast its image as a more moderate nationalist force.
Oil price hit by trade war fears
China's ambassador to the U.S., Cui Tiankai, also said his first choice would be to consult the U.S. over trade. West Texas Intermediate (WTI) crude CLc1 futures fell 14 cents to settle at $63.37 a barrel, off 0.22 percent.
Police probe profile of Germany attacker
German news agency dpa reported that police confirmed arrests in connection with the half-marathon but gave no further details. Meanwhile, investigators are still trying to establish the motive for the ramming.
J&K: Decapitated body of abducted man found in Hajin
Last year, a similar case of slitting of throat by the militants surfaced in Hajin. "The inhuman way in which the youth was done to death is against the social ethos and cultural value system of the State", said Ms.
Salman Khan gets bail in 1998 Blackbuck Poaching Case
The relief is temporary for the actor as the Bishnoi community, who registered the case earlier are unhappy with the bail verdict. Khan applied for bail after the lower court Thursday ruled him guilty under wildlife protection laws and ordered the jail term.
Conor McGregor storms UFC 223 media day
Conor McGregor hit the headlines for the wrong reasons on Thursday after being stripped of his UFC lightweight title. This weekend's fight against Alex Caceres provided Lobov an opportunity to try to end a two-match losing streak.