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cycle-sharing

Uber agrees to buy electric cycle-sharing startup JUMP Bikes

SAN FRANCISCO: Ride-hailing company Uber said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer US passengers an alternative to cars and further consolidating the crowded bike-sharing industry. JUMP is a dockless electric bike service that has rolled out in San Francisco, where it has 250 bikes, and Washington. About 100 JUMP employees will join Uber, an Uber spokeswoman said. Terms of the deal were not disclosed. The deal furthers Uber’s goal of offering “the fastest or most…