Uber just acquired this startup for ~$200M 🚴‍♂️💰

Today, Uber announced their acquisition of the bright red, bike-rental startup JUMP, which has already deployed 250 electric, dock-less bicycles on the streets of San Francisco in an initial pilot.

Users are taking between 6 and 7 rides a day. They're incredibly popular.

This isn't the first time these two companies have appeared on the same headline: Uber partnered with JUMP months ago so riders could rent a bike directly from the Uber app.

In addition to SF, JUMP bikes are already riding around Washington D.C. and soon Sacramento and Providence later this year.

JUMP isn’t the only one innovating on last-miles transportation:

🚁 Google's Larry Paige backed the Kitty Hawk, a personal flying car designed that looks a lot like a massive drone.

🕳️ Elon Musk's Boring Company wants to build tunnels that criss-cross your city and cut your entire commute down to minutes.

🛩️ The Flyride actually lets you fly, using uber-powerful jets of water.

👟 Low-tech Flaneurz convert your sneakers into clip-on rollerskates.

📈 The Onewheel is a self-balancing electric skateboard with only one wheel. Modern version of the hoverboards that went #viral last year.

What's your favorite innovative way to get to work? Let us know. 🚴‍♂️

$200M Uber Acquisition 💰

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