Uber acquires electric-assist bike-share company Jump

Uber is making a big push into bicycles. 

The ride-hailing company announced Monday it was acquiring bicycle-share company, Jump. The San Francisco-based company known for its red frames with a battery-powered boost had partnered with Uber for the past few months in San Francisco. Uber Bike is sticking around.

Now Jump and its fleet of e-bikes (in January the company launched 250 of the bikes into San Francisco with rides for $2 for 30 minutes) is officially part of Uber, pedaling Uber away from solely cars and driving to get around. This is a big step in Uber’s transformation into a multi-modal platform. Read more…

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