Uber CEO says company still believes in future of autonomous vehicles

12 April, 2018, 00:35 | Author: Natasha Holloway
  • Uber to acquire self-service bicycle firm

"We believe in it", he said, adding that Uber considered autonomous vehicles "part of the solution" and in the long-term key to eliminating individual auto ownership.

The deal comes as Uber expands beyond its flagship on-demand rides and into other modes of local transportation.

Uber is expanding further into the competitive dockless bike-sharing space with the acquisition of JUMP.

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While Jump bikes are not yet regulated, the electric-pedal company received exclusive permission from the San Francisco Municipal Transportation Authority (SFMTA) to kickstart service in the city.

"So we are having to discount very aggressively, much more than you'd think", Khosrowshahi said, to get people to share rides.

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It's part of an aggressive push Uber is making to position itself as a general mobility platform, rather than the simple ride-hailing app that propelled it into a $70 billion commodity.

Jump won't appear in the traditional carousel of Uber options such as UberPOOL and UberX; Riders can access the Jump map by selecting the "Bike" option in Uber's menu. Upon completion, users can then lock the bike to any public rack in the designated zone shown on the app's map.

Getaround's vehicle offerings will appear in a side menu in the Uber app. Users will be able to find and unlock an available auto from their phones using wireless technology.

Users can "instantly" find privately owned cars that are available for rent in the Uber app, the firm said.

The big picture: Uber envisions a world with little personal auto ownership, one where people would rely more heavily on using services like Uber. "It is somewhat compelling to be able to get all your transportation through one platform". Last year, a Volvo XC90 from Uber was hit by the driver of another vehicle. "If this goes on, you'll simply have gridlock". Through the deal, Uber users will be able to pay for transit rides in its app, or scan in to rail and bus services using their smartphones.

The new Uber driver app will be available for driver partners in Kochi and courier partners in Chennai in India before being rolled out to other cities in a phased manner. Also today, Uber announced a partnership with London-based Masabi, a mobile ticketing company that Uber said will help customers book and use public transit tickets directly within the Uber app.

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