Uber makes $10M bet on bikes and transit

Ride-hailing giant Uber, which helped jumpstart the ongoing revolution in mobile technology and urban transit by popularizing a new way to move about cities, has decided cars aren’t always the best way to get around.

In a blog post, Uber CEO Dara Khosrowshahi announced a three-tiered plan to support sustainable mobility by reducing congestion, supporting car-free transit, and funding transit innovation.

“We recognize we need to step up and support cities that take bold steps to solve their transportation problems,” Khosrowshahi writes. “We are in a unique position to have a meaningful and positive impact on the communities we serve across the globe.”

Uber will spend $10 million over three years as part of a Fund for Sustainable Mobility to support campaigns for safety and improved transit. This will include a $1 million investment to push for the passage of congestion pricing in New York City as well as funding for the non-profit PeopleForBikes.

Second, it will share more trip data with cities, including more segmented, street-level speed data, and help develop best practices for street design, part of a collaboration between Ford, Uber, and Lyft to offer actionable information to help local governments better manage curb space.

Read the full article here: https://www.curbed.com/2018/9/26/17903112/uber-dara-khosrowshahi-electric-bikes-transit