JUMP Bikes, an on-demand biking service that has a partnership with Uber, is trying to decide between a possible acquisition and investment offers.
Sources have told TechCrunch that the company is looking into a possible sale to Uber for more than $100 million, or a venture investment round, with one of the possible investors being Mike Moritz of Sequoia Capital.
In addition, there are reports that other parties have been increasing their offers over the past week in a bid to secure ownership of JUMP.
JUMP and Sequoia were unavailable for comment, while Uber declined to comment on the reports.
WASHINGTON — The Washington Nationals’ home opener Thursday is the first of many days this year that parking rules, traffic and transit will change in areas around Nationals Park due to crowds of fans.
With ongoing construction around the stadium, the District Department of Transportation warns that Nationals fans and commuters near the stadium should add extra time to their trips. The delays could also slow commuter buses that stop nearby.
“Heavy traffic and delays are to be expected around the ballpark and on busy routes such as I-295, I-695, I-395 and the Southeast/Southwest Freeway,” DDOT said in a statement.
Continued work to build over the Third Street Tunnel could also add to delays.
Before and after games, traffic signal timing is changed at dozens of intersections in an effort to reduce the backups.
The rapid growth of transportation network companies (TNCs) such as Lyft, Uber and Ride Austin creates a unique opportunity for vehicle electrification, with benefits to cities, drivers and riders. In New York and San Francisco, TNC and cab rides account for 19 percent of all local vehicle miles traveled during weekdays. If half of these TNC drivers went electric, they would offset 1.5 billion pounds of carbon from the atmosphere each year and improve local air quality within the city.
In addition to these environmental benefits, electric vehicles are also significantly cheaper to operate than gas vehicles, despite having a higher upfront price tag. This can be attributed to savings in fuel and maintenance, which scale by how much the vehicle is driven. Highly active TNC drivers are ideal candidates for EVs because they put more miles on their car each year than the average driver. Based on our calculations, full-time TNC drivers working 50 hours a week can save an average of $5,200 per year in total vehicle expenses with an EV as compared to a typical gas vehicle.
The mobility team at Rocky Mountain Institute has been targeting high-utilization vehicles for electrification, as they demonstrate the best economics for EV operation and the highest potential for carbon offset. For the past two years, RMI has partnered with the City of Austin, Texas, to support its mobility goals toward developing shared, electric and autonomous mobility services. Austin offers unique EV charging programs that further bolster the economic savings of driving an electric vehicle.
If you ask Elon Musk, Hyperloop technology is landing in D.C. a lot sooner than anyone expects.
But as Andrew Trueblood, chief of staff in the Office of the Deputy Mayor for Planning and Economic Development, says that in reality the D.C.-NYC Hyperloop is further out than Musk thinks.
“Obviously Hyperloop is a technology that doesn’t exist yet, so I don’t even want to predict if it’s coming to the city yet,” Trueblood said in the latest episode of District Download, our podcast with General Assembly D.C.
More than a week after one of Uber’s self-driving cars struck and killed a pedestrian in Arizona, government officials and technology firms have begun reconsidering their rapid deployment of some autonomous technology amid fears it’s not ready for public testing.
Arizona Gov. Doug Ducey (R) banned Uber’s self-driving cars from the state’s roads Monday, saying he was “very disturbed” by police video showing one of the company’s self-driving cars striking and killing a pedestrian in Tempe last week. The ban was limited to Uber, but it held special significance because Ducey had previously welcomed Uber’s testing in the state by pitting Arizona’s comparatively relaxed regulatory framework against neighboring California’s.
Separately, Uber agreed to discontinue testing its autonomous vehicles in California, according to a letter from the state Department of Motor Vehicles to the company, citing conversations with company executives. Uber’s permit to test its vehicles in the state expires March 31, and the company has no immediate plans to renew it, the letter said.