PxPixel
Jump - BikeBiz
More investment for expanding Jump Bikes, the US dockless innovator.

New York-based Jump Bikes has announced today that is has raised $10m in a Series A funding round led by Menlo Ventures. Also participating in the financing are Sinewave Ventures and existing investors Esther Dyson, SOSv and OurCrowd. The company, formerly known as Social Bicycles, was launched in 2010 and was a dockless bike share innovator. 

In September last year Social Bicycles inaugurated the world's first dockless e-bike scheme – it was launched in Washington DC, and the company told BikeBiz that it was seeking to expand to four other US cities by this summer.

Jump DC is run under the District Department of Transportation's dockless bike share demonstration program that runs through until April. Trips cost $2 for 30 minutes.

Each Jump e-bike has a 250-watt front hub electric motor limited to a maximum pedal-assist speed of 19mph. All bikes feature GPS to facilitate finding a bike, and an integrated U-lock that fits around existing bike racks rather than to itself, which is now the usual dockless method. Jump bikes can also sync with DC's SmarTrip card to let people without smartphones access the bikes.

Featured Jobs

the cycle hub

Showroom Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Tuesday 26th June 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018

CRC_Logo_620x349-1

Bike Technician

Chain Reaction Cycles I Ballyclare I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018

Canyon_Logo_1(1)

Brand Content Writer

Canyon Bicycles GmbH I Koblenz, Germany I Salary: Up to €38,000 I Date Published Tuesday 3rd July 2018

CRC_Logo_620x349-1

Retail Sales Advisor

Chain Reaction Cycles I Belfast I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018