JUMP Bikes
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$325k | Grant | ||
$1.0m | Seed | ||
N/A | N/A | Convertible | |
N/A | N/A | Convertible | |
$109k | Seed | ||
$600k | Seed | ||
$2.8m | Early VC | ||
$10.0m | Series A | ||
$200m Valuation: $200m | Acquisition | ||
N/A | Merger | ||
Total Funding | AUD24.6m |
Related Content
Recent News about JUMP Bikes
EditJUMP Bikes, a subsidiary of Social Bicycles Inc., operates in the urban mobility market, providing electric-assist bicycles designed to enhance city commuting. The company targets urban dwellers and commuters who seek an efficient, eco-friendly alternative to traditional transportation. JUMP Bikes features integrated electric motors that assist riders, allowing speeds up to 20mph, making uphill climbs and long distances more manageable. The bikes are equipped with innovative designs, including integrated cables, powerful brakes, cargo baskets, safety bells, and smooth shifters, ensuring a high-quality riding experience. Users can unlock and lock the bikes at designated hubs or existing bike racks within the system area, promoting a clutter-free urban environment. JUMP Bikes generates revenue through ride fees, partnering with platforms like Uber to expand its reach in cities such as San Francisco and Washington, D.C. The business model focuses on providing a seamless, user-friendly experience while contributing to sustainable urban transportation solutions.
Keywords: electric-assist, urban mobility, eco-friendly, city commuting, integrated design, high-quality bikes, ride fees, Uber partnership, sustainable transportation, urban dwellers.