27 May 2020

As it gets out of the bike-sharing business, Uber decided the issues with giving its bikes away were too complicated—and so just sent them to the dump.

Two years ago, Uber acquired the bike-sharing startup Jump for a reported $200 million. Three weeks ago, it offloaded the business to Lime, another micromobility company, as part of a deal that also involved laying off most of Jump’s staff. Some of Jump’s electric bikes went to Lime—but nearly 20,000 others are now being unceremoniously scrapped.

Read the full article here.
This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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