JUMP Bikes $200M
JUMP Bikes acquired by Uber
JUMP Bikes, the electronic bike sharing company that provides dockless bikes, has been acquired by Uber. The terms of the acquisition were not disclosed but it has been reported that the transaction valued JUMP Bikes at approximately $200M. “We’re excited to begin our next chapter and to play a significant part in the transition of Uber to a multi-modal platform. Combining JUMP’s track record of product innovation and city partnerships with Uber’s scale, operational excellence, and resources will allow us to make a global impact faster than if we were to pursue our vision alone. At our core, we are still the same team that is passionate about partnering with cities to increase cycling, but joining Uber presents us with the opportunity to realize our dreams faster and at a much larger scale,” remarked Ryan Rzepecki, Founder and CEO of JUMP Bikes.
Investors in the acquired company: Undisclosed
Total funding raised: $13.8M
Full coverage: This NYC Startup Was Just Acquired by Uber for ~$200M
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