Uber to redirect focus to bikes and electric scooters

Uber intends to focus more on its electric scooter and bike business as it says individual modes of transport are better-suited to inner city travel. Dara Khosrowshahi, Uber’s CEO, believes users will make more frequent, shorter journeys in the future, the Financial Times reports. "During rush hour, it is very inefficient for a one-tonne hulk of metal to take one person ten blocks,” he says. Uber’s Jump electric bikes are now available in eight US cities such as San Francisco and Washington DC, and are
August 28, 2018 Read time: 2 mins

8336 Uber intends to focus more on its electric scooter and bike business as it says individual modes of transport are better-suited to inner city travel.

Dara Khosrowshahi, Uber’s CEO, believes users will make more frequent, shorter journeys in the future, the %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external Financial Times Financial Times website link false https://www.ft.com/content/986d878a-a7c4-11e8-8ecf-a7ae1beff35b false false%> reports.

"During rush hour, it is very inefficient for a one-tonne hulk of metal to take one person ten blocks,” he says.

Uber’s Jump electric bikes are now available in eight US cities such as San Francisco and Washington DC, and are set to launch in Berlin.

The ride-sharing company has also joined forces with electric scooter company Lime.

Khosrowshahi recognises that Uber makes more money from a car journey than a bike trip - but says this would be offset as users engage with the app more regularly for shorter journeys.
"We are willing to trade off short-term per-unit economics for long-term higher engagement."

The move comes as Uber announced it was to supply its proprietary self-driving system to %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external Toyota Sienna Minivans Uber website link false https://www.uber.com/newsroom/uber-toyota-team-self-driving-cars/ false false%>. “Rather than owning and operating the fleet of self-driving vehicles, these minivans will be owned and operated by an agreed upon third party, a new business model for Uber,” the company said in a statement.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Congestion to cost US drivers billions of dollars over the next decade
    October 2, 2017
    Traffic hotspots in 25 of the most congested cities in the US cost drivers billions of dollars over the next ten years, according to a new report by Inrix’s cloud-based analysis tool. Inrix’s Roadway analytics (IRA) tool ranked over 100, 000 traffic hotspots with economic cost calculated on wasted time, lost fuel and carbon emissions over the next ten years.
    Read More
  • Future Railway launches pantograph design competition
    March 12, 2014
    As part of the UK’s rail electrification programme, FutureRailway is launching a competition to design a Pantograph Dynamic Behaviour Measurement Device for use in Rolling Stock Maintenance Depots. Currently pantographs cannot be run too close together and are limited in the speed they can achieve. Electric trains which can run at faster speeds whilst coupled together in multiple could improve both train performance and network capacity. Improvements in pantograph capability are thought to be needed to r
    Read More
  • Sensefields’ wireless sensors simplify sensing
    March 24, 2014
    Sensefields’ traffic monitoring system uses easily installed wireless sensors to determine vehicle speed and, in urban situations, also for categorisation. Information from the sensor is sent in real time to the data processing station to determine the capacity (vehicles per hour) in each lane, average speed, speed distribution, average vehicle length, length distribution, density, average headway between vehicles and occupancy (%).
    Read More
  • China’s Owleye shows bright idea
    March 20, 2018
    China’s Guangzhou Owleye Optoelectronic Technology is showing its new solar-powered traffic cone light, which aims to improve safety when warnings must be given to drivers of roadworks or other potential dangers. To ensure maximum flexibility with an operator’s existing equipment, the new light has a stainless steel ring that can be installed directly on to any size of traffic cone.
    Read More

Highlighted Content