Prior to this, Uber and Jump have been working together for two months to integrate bike-sharing services on Uber apps. Apparently, the experiment program runs smoothly so that now, Jump will be part of Uber.
Uber's decision to acquire Jump also shows that the ride-hailing company is preparing to enter a new industry, which has its own set of challenges and difficulties.
Unfortunately, Uber did not announce the amount they gave to acquire Jump. As TechCrunch mentioned last week, Jump considers Uber's US $ 100 million offer or receives fresh funds from other parties. Despite fierce competition, Uber finally won.
In a blog post, CEO Uber Dara Khosrowshahi said that the acquisition will help his mission to "unify the various modes of transportation within Uber applications so you can choose the fastest or most affordable transportation to get to your destination, no matter if it's Uber, or bicycle or train and so forth, "he said.
With this acquisition, Uber gets access to 12 thousand bikes with Jump's GPS. Tens of thousands of bicycles are in six countries, indicating that the Jump network is already quite large.
With funds from Uber, Jump can grow faster. Meanwhile, this acquisition will help Uber enter into other modes of transportation services.