Uber Obtains E-Bike Sharing Start-Up

Uber has joined the bike-sharing industry.
The company bought a Brooklyn-based startup called JUMP Bikes.
The company offers electronic bikes in San Francisco and Washington, D.C.
JUMP bikes are dockless and can be locked to any bike rack via a smartphone app.
E-bikes allow riders to pedal lightly but travel at high speeds.
TechCrunch reports that Uber may have paid more than $100 million to purchase the startup.
The next step will likely be to take JUMP e-bikes nationwide.