Uber acknowledged Monday that it modified some of its electric bikes recently after the company encountered a braking problem similar to the one that prompted rival Lyft to recall its own electric bikes in several cities over the weekend.
An Uber JUMP electric-assist bicycle is seen in Paris. By Faiz Siddiqui Faiz Siddiqui San Francisco-based tech reporter covering automation and the future of transportation, including Tesla, Uber and Lyft Email Bio Follow April 15 at 9:48 PM Uber acknowledged Monday that it had modified some of its electric bikes recently after the company encountered a braking problem similar to the one that prompted rival Lyft to recall its own electric bikes in several cities over the weekend.
Lyft said that up to 15 percent of its overall bike-share fleet would be recalled and that manual bikes would be used to fill out the fleets. Through its Motivate subsidiary, Lyft operates New York’s Citi Bike, Washington’s Capital Bikeshare and San Francisco’s Ford GoBike.Uber and Lyft are making forays into the bike and scooter markets as part of their long-term business strategies, as Lyft went public late last month and Uber is set to list its shares on the stock market in May.
Uber said it expects that 100 percent of the JUMP fleet will be upgraded to the new model in the coming months. Uber declined to say when it first learned of the issue, when the bikes were retrofitted or why it didn’t publicize the safety change earlier so that Lyft could have taken similar action.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Lyft is having a brutal week with the stock down 20% since MondayLyft is on track to close the week with four out of five days in the negative.
और पढो »
Lyft just ended a brutal week with the stock down nearly 20% since MondayLyft is on track to close the week with four out of five days in the negative.
और पढो »
Uber is way more complicated than Lyft, and investors shouldn't value them the same wayUber and Lyft may be ride-hailing competitors, but they have fundamentally different ambitions.
और पढो »
Here are the biggest differences between Uber and Lyft, the two biggest ride-hailing appsBefore you take your next ride, check out the key differences between Uber and Lyft to make the most informed decision.
और पढो »
Factbox: How Uber and Lyft compare on key financial metricsUber Technologies Inc’s initial public offering filing on Thursday contains data...
और पढो »
Uber spent $3.3 billion on acquisitions in 2018 and 2019 — 10-times more than LyftThe ride-hailing company Uber, which officially filed to go public on Thursday, went on a shopping spree ahead of its IPO.
और पढो »
Uber and Lyft may look the same, but their visions are notAt first blush, it can be hard to tell Uber and Lyft's businesses apart. But look under the hood and there's a clear difference in their strategies.
और पढो »