Economy, Auto
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Uber to Focus on Bikes Over Cars

Uber to Focus on Bikes Over CarsUber to Focus on Bikes Over Cars

Uber says it plans to focus more on its electric scooter and bike business, and less on cars, despite the fact it could hurt profits. Boss Dara Khosrowshahi said individual modes of transport were better suited to inner city travel. He also forecast users would make more frequent shorter journeys in future, BBC reported. “During rush hour, it is very inefficient for a one-tone hulk of metal to take one person 10 blocks,” he said. “Short-term financially, maybe it’s not a win for us, but strategically long term we think that is exactly where we want to head.” The ride-sharing firm has invested in a number of bike firms in the last year. Its Jump electric bikes are now available in eight US cities, including New York and Washington, and are soon launching in Berlin. It also teamed up with Lime, an electric scooter company, while forging deals in other areas such as public transit and freight.

 

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