JUMPAs dockless bikes increasingly clutter city sidewalks around America, Uber is spending millions for a part in the next war in transportation. Jump is one of the players in the new battle between dockless bike-sharing companies. The acquisition is a significant departure from Uber's business strategy. Jump, like other bike-sharing companies, owns its bikes and as such, is responsible for their maintenance. Certainly, even an e-bike has a much lower price tag than a car, but the bike-sharing space is considered a capital-intensive, money-losing market.

Source: Forbes April 09, 2018 13:30 UTC