Published: Tue, June 12, 2018
Money | By Ralph Mccoy

Uber may try to outbid Lyft to buy Ford GoBike owner

Uber may try to outbid Lyft to buy Ford GoBike owner

Ride-hailing giant Uber is looking to get in on the scooter business, Axios reported Thursday.

San Francisco temporarily stopped all use of the scooters in sharing programs at it attempts to restore order in the streets and sidewalks, as the most recent transportation trend has exploded with vast popularity. Motivate is not on the list of San Francisco scooter applicants.

Uber applied for the permit through Jump, an electric-bike sharing provider it acquired in April.Uber's CEO recently said he envisions his company going beyond vehicle sharing and into bikes, and possibly scooters, so people have more commuting options. report on Friday that San Francisco officials passed a law in April limiting the number of scooters in the city. If the companies don't follow that rule, they could forfeit their chance for a permit. The city will restrict the number of scooters to 1,250 for the first half of the year, and if things go well, that number could double up to 2,500.

With the new generation being all about efficiency and on the move 24/7, electric scooters would be an ideal investment as they are the current rage among the crowd.

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Preference will be given to companies that can ensure their customers properly ride and park the scooters on streets and sidewalks.

Operators that are given new scooter permits must provide user education in order to be insured, share trip information with the city, as well as have a private policy that offers plans for uses that are low-income.

In San Francisco. Uber and Lyft will be competing for permits against electric-scooter providers Bird, Lime and Spin.

Uber did not immediately respond to a request for comment from Business Insider. Scooter startup Skip, Bird, Lime and Spin are among the rivals battling for a share in the scooter-sharing service market. Earlier last month, San Francisco city published its requirements for companies seeking for permission to run scooter-sharing program in the city and the San Francisco Municipal Transportation Agency (SFMTA) also had finalized terms for application in May.

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