# Jump Bikes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jump-bikes

- Industry: Software
- Headquarters: New York, US
- Website: www.jumpbikes.com
- Total disclosed funding: $10M
- Latest round: Series A (Mar 5, 2018)
- Investors on record: 6

## About

Social Bicycles, Inc. operates a bike-sharing platform offering electric bicycles that enhance urban mobility. The service is designed to be user-friendly and sustainable for city transportation needs.Founded in 2010 and headquartered in New York, US, Social Bicycles, Inc. specializes in bike-sharing solutions. The company has successfully completed 11 funding deals, with the most recent being a Series A round of USD 10.00 mn led by Menlo Ventures on April 4, 2018. Social Bicycles, Inc. was acquired by Uber Technologies, Inc., though financial terms were not disclosed.JUMP Bikes primarily offers an innovative bike-sharing service featuring electric bicycles equipped with e-assist technology. This technology provides riders with a boost of power up to 20 mph whenever they pedal, enhancing the cycling experience, particularly for those tackling hills or longer distances. The bikes are thoughtfully designed to be environmentally friendly and easy to use, allowing customers to locate available bikes via the JUMP Bikes app, unlock them, and lock them back up at designated hubs or bike racks. JUMP Bikes targets urban markets where sustainable transportation solutions are increasingly needed, with notable operations in cities such as San Francisco, Washington D.C., and Providence, RI. The service is aimed at a diverse customer base, including commuters, tourists, and local residents seeking convenient and eco-friendly transportation options.The revenue generation model for JUMP Bikes revolves around bike-sharing transactions facilitated through app-based access. Customers typically engage with the service via a per-ride fee structure, where they can unlock a bike for immediate use, incurring costs based on duration. Additionally, JUMP Bikes has partnered with Uber to integrate their bike-sharing service into Uber's platform, broadening the customer reach and enhancing the user experience. This partnership allows for a seamless transaction process where consumers can easily access JUMP Bikes through the Uber app, potentially increasing ride frequency and overall revenue. Pricing plans are structured to accommodate different usage patterns, ensuring accessibility for both casual riders and regular commuters seeking efficient transport solutions. The company’s focus on providing high-quality electric bicycles, coupled with an emphasis on operational efficiency and customer satisfaction, positions JUMP Bikes strategically within the urban mobility sector.

## Funding rounds

- Series A, Mar 5, 2018 — SOSV
- Series A, Jan 16, 2018, $10M — Menlo Ventures, SOSV, SineWave Ventures, Alumni Ventures Group, OurCrowd
- Series A, Oct 30, 2017 — SOSV
- Series A, Nov 27, 2013 — SOSV, SoundBoard Venture Fund

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Series A
- SoundBoard Venture Fund (https://capitalatlas.ai/funds/soundboard-venture-fund) — Series A
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series A
- SineWave Ventures (https://capitalatlas.ai/funds/sinewave-ventures) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series A