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|Headquarters||New York City, New York|
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Social Bicycles Inc., doing business as JUMP Bikes, is a dockless electric bicycle sharing system operating in the United States and Germany. The bikes cost US$2 for the first half-hour to rent (then US7¢ per minute), and are located using a companion smartphone app. They are neon red and weigh 70 pounds (32 kg). 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 9 April 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 planning an expansion into Europe, which began in June 2018.
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. In June 2018, Jump began a six-month pilot program with the City of Chicago, placing its dockless electric bikes in the South Side region for rental. On 2 July 2018, Jump made its Texas debut in Austin. In New York City, Jump e-bikes are available in Central Bronx and the North Shore of Staten Island as part of a dockless bike pilot program by the city which began in July 2018. In August 2018, Jump began operations in Denver.
As of September 2018, Jump has expanded the program to Providence, Rhode Island. The company also received permission from the Santa Monica government to roll out 500 e-bikes and 250 e-scooters in the city.
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 Social Bicycles-powered bikes.
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