Uber & # 39; Focus on cycling over car & # 39; s & # 39;

Lime scootersImage copyright

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Uber collaborates with Lime, whose scooters are available in a number of cities, including Paris

Uber says it intends to focus more on his electric scooter and bicycle business and less on cars, despite the fact that this could harm the profits.

Baas Dara Khosrowshahi said that individual modes of transport were better suited for traveling in the inner city.

He also predicted that users would make smaller trips more often in the future.

"During the rush hour it is very inefficient for a monotonous metal building to take one person 10 blocks," he told the Financial Times.

"Financially in the short term, perhaps it is not a victory for us, but in the long-term, we think that is exactly where we want to go."

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  • Uber invests in rental company of Lime scooters

The ride-sharing company has invested in a number of bicycle companies over the past year.

The Jump electric bikes are now available in eight American cities, including New York and Washington, and will soon be launched in Berlin.

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Jump Bikes

It also worked with Lime, a company in electric scooters, and forged deals in other areas such as public transport and freight.

Mr. Khosrowshahi admitted that Uber earns less money on a bike ride than on the same journey in a car, but said that this would be compensated because customers used the app more often for shorter journeys.

"We are prepared to trade in the short term per unit economy for long-term involvement," he told the FT.

He also acknowledged that Uber drivers could lose the plan, but said that long-term drivers would benefit from lucrative longer journeys.

Under pressure

Uber, who lost $ 4.5 billion (£ 3.5 billion) last year, is under pressure to improve his finances in the run-up to an expected public listing.

The turnover of its taxi companies is increasing, but the costs of expansion to new areas such as bicycle sharing and food delivery have resulted in a rapid increase in losses.

Regulatory pressure is also a threat to growth in some markets.

This month, New York voted to impose a temporary limit on new permits for moving vehicles to tackle congestion, while the Mayor of London said he would seek similar restrictions.

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