Published: Thu, April 12, 2018
Money | By Ethel Goodwin

Uber launches its own car-sharing service, Uber Rent

Uber launches its own car-sharing service, Uber Rent

Uber CEO Dara Khosrowshahi is expected to appear on a panel with D.C. Mayor Muriel E. Bowser here on Wednesday to announce the Jump integration news, along with two other new initiatives, and illustrate the company's vision for the "Future of Mobility", in a discussion that includes Harvard Kennedy School professor Stephen Goldsmith and moderator Robert Puentes, president of the nonprofit Eno Center for Transportation.

Uber launched a new app for its drivers on Tuesday that incorporates the use of a real-time earnings tracker, the recent effort by the ride-hailing service for the improvement of its services for the drivers.

According to Uber, the app, which is still in Beta version is one among many initiatives the company plans to take, as part of what it calls "180 days of change". One is an expansion of Uber Bike by Jump into Washington, DC, which is a bike rental program the company was first piloted in San Francisco earlier this year.

Khosrowshahi recently explained that bike sharing is a mode of transportation that is the most affordable for some people.

Under Uber's new leadership we want to be a better partner to city planners and regulators, so we hope this data will help give them valuable insights for the future.

Khosrowshahi spoke on a panel with D.C. Mayor Muriel Bowser, whose administration is pursuing a tax on ride-sharing services to help fund fixes for the city's light rail system.

Getaround lets users rent private cars from their owners - often at costs cheaper than auto rental companies - and allows owners to make money on their vehicles when they aren't using them.

Jump confirmed that the acquisition would offer Uber customers more modes of transportations which will enable people to have a life without owning a auto.

Getaround's website says cars are available to rent for as little as $5 per hour, and that auto owners can make up to $10,000 per year offering their vehicle for rent on the service.

Until now only Uber has been able to use that information. "If this goes on, you'll simply have gridlock".

You'll soon be able to rent cars, electric bicycles, and book trips on public transport using only the Uber app. However, as Uber looks to expands its transportation options it may lure some riders back to mass-transit.

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