Uber has acquired a bikeshare company as it expands beyond cars in its efforts to reshape transportation.
The ride-hailing company on Monday said it bought Jump Bikes, a New York-based firm that operates in 40 US cities.
Uber CEO Dara Khosrowshahi said in a blog post that the company wants to make multiple modes of transportation available in its app, including bicycles and subway rides. Financial terms of the deal were not disclosed.
Some of Uber's ride-hailing rivals have already invested in bicycles. In January, China's Didi Chuxing expanded into the huge and fiercely competitive Chinese bike-sharing market. In the United States, Lyft announced a sponsorship of Baltimore bikeshare stations last month.
Bicycles have become trendy because they offer affordable mobility while limiting traffic congestion and pollution.
Fewer people are riding on public transportation in the United States, according to research, as commuters shift to ride-hailing services such as Uber and Lyft. But motor vehicles use public spaces less efficiently, and many cities are looking for solutions to increased congestion.
