Uber is officially a multi-modal transportation platform. On the heels of its acquisition of bike-share startup JUMP, Uber CEO Dara Khosrowshahi today announced Uber Bike‘s expansion into Washington, D.C., along with two key partnerships in car rentals and public transit.
Dubbed Uber Rent, the platform taps into Getaround’s existing marketplace of cars that are available for instant rentals. Uber Rent, which will launch in San Francisco later this month, lets people book Getaround cars directly from the Uber app. Once Uber feels solid about the product market fit, it will expand the program nationally.
Automakers will increasingly find themselves in a complicated relationship with ride-hailing companies such as Lyft and Uber. The latter will be competitors but also customers. In the next few years, sales to drivers for Lyft, Uber and others will almost certainly offset declines in car purchases by users of the services. As shared mobility services expand, auto manufacturers will likely start producing customized vehicles for ride-hailing companies — even as their own mobility services compete head-to-head.
Today, Lyft and Uber have almost no hard assets and are essentially internet-platform companies. Managing and owning vehicles clashes with their current business model. But once level-5 driverless cars come on the scene, they will have little choice. It appears inevitable that they will embrace a new business model that involves ownership of vehicles. A huge part of the success of demand-responsive, app-based ride-hailing companies will be their ability to profit as proprietors of capital, which will mean owning and operating a fleet of automated electric cars. So just as self-driving cars have pulled Detroit into the Silicon Valley game, the power of fleet ownership will likely force ride-hailing companies into partnership with manufacturers.
This could be the taxi of the future. The EZ-GO is a concept by Renault. It’s a fully autonomous ride-hailing service. It doesn’t require a driver to be present. And if necessary, it could be controlled remotely.
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.