|Headquarters||New York City, New York|
|Washington, D.C. and San Francisco|
|Footnotes / references
JUMP Bikes is a dockless electric bicycle sharing system operating in Washington, D.C. and San Francisco. The bikes cost $2 for the first half-hour to rent (then 7¢ per minute), and are located using a companion smartphone app. They are neon red and weigh seventy pounds (32 kilograms). Each JUMP bike has a 250-watt electric motor which powers the front tire. JUMP employees swap out the battery packs every three days. At the end of a ride, the bikes have to be locked to a sidewalk bicycle rack. A pilot program began in February 2018, allowing certain users of the Uber app in San Francisco to access JUMP's fleet of electric bicycles.
On April 9, 2018, Uber announced it had acquired Jump Bikes for a reported US$200 million. After the acquisition, Jump's CEO announced that the company was considering an expansion into Europe during 2019.
The service launched in Washington, D.C. in September 2017. This was followed by a launch in San Francisco during January 2018, becoming the first dockless bike sharing system to launch in the city. In May 2018, Jump launched in Santa Cruz, California with a fleet of 250 electric bicycles. They also launched in Sacramento, California during that month.
Social Bicycles is a division of Jump Bikes which operates a back-end platform for bicycle-sharing systems. The company claims that 5 million rides on 15,000 bikes in 40 markets have been taken on SoBi-powered bikes.
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