Uber has acquired dockless electric bike sharing company Jump for an undisclosed amount. The startup had been working since Uber since February after integrating with the Uber app to allow San Fransisco residents to jump on the dockless bikes. Dockless bike sharing is a highly competitive space. Ofo closed $866M in a funding round last month. LimeBike raised $70M in February. Cities around the country are compiling data on the viability of dockless bike sharing programs.
Read More