BREAKING
Chegg Q4 2025 Earnings Soar: New Strategy Stuns Market 12 hours ago PAL Q4 2025 Earnings Explode: Mergers Pay Off Now 12 hours ago Outdoor Holding Company Q3 2026 Earnings Soar 7% 15 hours ago Apollo Q4 2025 Earnings Rocket: Historic AUM Breakthrough 17 hours ago Anavex Q1 2026 Earnings Rise: Breakthrough Drug Nears 19 hours ago Dynatrace Shares Rise After Q3 Fiscal 2026 Results Beat Guidance 21 hours ago Eli Lilly and Company (LLY) to acquire Orna Therapeutics 23 hours ago Earnings Summary: Becton, Dickinson and Company Q1 FY26 adjusted earnings decline 15% 24 hours ago Earnings Summary: Highlights of Apollo Global Management’s (APO) Q4 FY25 report 1 day ago Earnings Summary: Loews Corporation reports sharp increase in Q4 FY25 profit 1 day ago Chegg Q4 2025 Earnings Soar: New Strategy Stuns Market 12 hours ago PAL Q4 2025 Earnings Explode: Mergers Pay Off Now 12 hours ago Outdoor Holding Company Q3 2026 Earnings Soar 7% 15 hours ago Apollo Q4 2025 Earnings Rocket: Historic AUM Breakthrough 17 hours ago Anavex Q1 2026 Earnings Rise: Breakthrough Drug Nears 19 hours ago Dynatrace Shares Rise After Q3 Fiscal 2026 Results Beat Guidance 21 hours ago Eli Lilly and Company (LLY) to acquire Orna Therapeutics 23 hours ago Earnings Summary: Becton, Dickinson and Company Q1 FY26 adjusted earnings decline 15% 24 hours ago Earnings Summary: Highlights of Apollo Global Management’s (APO) Q4 FY25 report 1 day ago Earnings Summary: Loews Corporation reports sharp increase in Q4 FY25 profit 1 day ago
ADVERTISEMENT
Market News

Uber to expand electric-bike sharing service to Europe

In an effort to protect the environment, ride-sharing company Uber is expanding its electric-bike sharing service to Europe. Giving a keynote speech at the NOAH18 conference, Uber CEO Dara Khosrowshahi announced that the company will start renting electric bikes in Berlin from this summer and in other European cities later. In the US, Uber started […]

June 6, 2018 2 min read

In an effort to protect the environment, ride-sharing company Uber is expanding its electric-bike sharing service to Europe. Giving a keynote speech at the NOAH18 conference, Uber CEO Dara Khosrowshahi announced that the company will start renting electric bikes in Berlin from this summer and in other European cities later.

In the US, Uber started testing JUMP electric-bike service in San Francisco in early February and in Washington DC in April. Currently, Uber bike rental service is available in San Francisco, Washington DC, Santa Cruz and Sacramento. The company, which halted the testing of its self-driving cars in March, acquired e-bike startup firm JUMP in April.

JUMP, which launched dockless bike share system in the US in 2013, rents the electric bike at a cost of approximately $2 for 30 minutes in the home country. Competitive pricing when compared to the taxi sharing rides and the ease of riding gives a great advantage to the e-bike sharing companies. But Uber will have tough competition in Germany from its rivals, which include Obike, Mobike, and LimeBike.

Uber will start renting electric bikes in Berlin from this summer and in other European cities later

Following the rival’s footpath, the San Francisco, California-based ride-sharing company Lyft is reported to grab Motivate, a New York City-based bicycle sharing company.  In February, Lyft partnered with Baltimore bike share app in a three-year deal.

Well, we are hoping all these efforts pay off, both for the companies and the environment.

ADVERTISEMENT
ADVERTISEMENT