Last week we had the story of the buyout of a global dockless bike share scheme in China for the sum of $2.7B. Mobike was bought by Muitan a lifestyle services online app business which has interests in the ride hailing space.
This week there is news of a similar buyout, this time of a dockless eBike share scheme Jump, which was bought by auto ride hailing scheme, Uber. The dominant ride share provider has eyes on providing a full multimodal service, with their app claiming a trip by eBike is faster than motor traffic.
The Jump business was in its infancy but Uber has acquired the eBike design as part of the deal, reportedly worth around $260M.
The bikes are pedalecs and they claim a range of around 60km on a full charge. If the battery goes flat while riding you can still finish your trip and then flag the bike as needing assistance via the app and a service tech will see to it.
Uber is hiring bikes for just $2 per 30 minute ride out of San Francisco and Washington DC at present but state on their website they are expanding and will be soon coming to a city near you!