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Car-Share Companies Get Coveted Parking in New York City

June 4, 2018

Car-Share Companies Get Coveted Parking in New York City

May 31, 2018

By: SARAH MASLIN NIR

Losing a handful of street parking spots along a stretch of Upper Manhattan may seem like relatively little to give up. But in the blood sport that is parking in New York, Elisa Ferreira, who was pushing her son, Mason, in a stroller through Hamilton Heights on a recent weekday, said that the 20 spots the city plans to remove from her neighborhood will just make the ordeal even worse.

“It’s already really hard to find parking” Ms. Ferreira said. “It’s only going to be harder for us.’’

Starting Monday, as part of its campaign to expand transportation options, the city is taking away about 300 parking spots in more than a dozen neighborhoods, mostly outside of Manhattan, and reserving them exclusively for vehicles from car-share companies, like Zipcar. It is the first time the companies, which currently keep their inventory in parking garages, will be allowed to store cars on city streets.

Read the rest of the article here: https://www.nytimes.com/2018/05/31/nyregion/nyc-zipcar-parking.html

Why Uber is buying e-bike sharing startup Jump Bikes

April 10, 2018

Why Uber is buying e-bike sharing startup Jump Bikes

April 10, 2018

BY: KATIE FEHRENBACHER

The big daddy of ride sharing, Uber, has officially jumped into electric bike sharing.

On Monday Uber announced that it has acquired Jump Bikes, a ten-year-old venture capital-backed startup that rents out dockless electric bicycles to users around cities. Terms of the deal were not disclosed but a report from last week said that an acquisition was worth over $100 million.

So why has Uber, with its $72 billion valuation and deep global reach, suddenly noticed the company that’s been managing 250 neon red e-bikes in its backyard for a few months (as well as thousands of non-electric bikes in other cities)?

It’s a combination of the right timing for the mobility market, the evolution of the wireless computing and battery technology, and the right positioning for a friendlier Uber (along with a few other things).

Read the rest of the article here: https://www.greenbiz.com/article/why-uber-buying-e-bike-sharing-startup-jump-bikes