Uber makes less money from bike ride

by Automotive | 28-08-2018 | 3963 views

Uber has plans to phase out cars in favour of electric bicycles and scooters for customers taking shorter journeys in big cities. The ride hailing app already has the plan in place in  New York City, Washington DC and Denver, and will soon expand the environmentally friendly modes of transport to Europe. Talking about Uber's plans to focus on its bike business, the startup's CEO Dara Khosrowshahi admitted that Uber makes less money from a bike ride than from a trip in a car. He further said, "We are willing to trade off short-term per-unit economics for long-term higher engagement." "We think that is exactly where we want to head," he added.

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