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Uber Movement Tool Launches in Toronto to Share Transportation Data

12 April, 2018, 01:04 | Author: Sara Gill
  • Uber to acquire self-service bicycle firm

An exact timeline for the fleet expansion is unknown. Uber Rent will allow users to rent nearby cars from established vehicle sharing service Getaround right from the Uber app, the companies announced today in a press release. Khosrowshahi said the company is launching a product called Uber Rent later this month, in which people can use their Uber app to rent Getaround's cars. The deal, rumored to have been worth over $100 million, means that Uber no owns 12,000 e-bikes spanning 40 cities across six countries, including the USA and United Kingdom.

The company just completed a deal to acquire acquired bike-sharing service Jump.

Biking advocates and transit wonks tend to agree. It is unclear how much money Uber will shell out for the deal, but TechCrunch believes Jump will not be bought for less than $100 million. Uber and Jump already had a relationship.

"So we are having to discount very aggressively, much more than you'd think", Khosrowshahi said, to get people to share rides. The dockless bike sharing business is a growing business in the United States as many users would rather track a bike via an app to see where the previous users left it, unlock it, and ride it.

Beyond the Jump integration, Uber also announced Wednesday it will partner with car-sharing app Getaround to offer vehicle rentals for riders and drivers within the app. Uber Rent will be introduced in San Francisco later this month, with a wider USA rollout expected throughout the year.


Ridesharing plus vehicle rental (or "carsharing") is "the flawless combination for people who have chosen to live car-free", Getaround CEO Sam Zaid says.

"In the same way you can rent a bike through Uber, you'll now be able to rent a auto through Uber as well", said Jahan Khanna, Uber's head of product for mobility.

If you had chatted up with the driver when you last took your Uber ride, you must have heard him cribbing about how Uber is not remitting their payments and generally have grievances.

The company has certainly invested a lot of time and resources in this project by now to simply just walk away from it all particularly when self-driving cars will have the core role in Uber's ride-hailing service which will operate a fleet of autonomous cars.

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