Electric Bicycles news and trends

Uber Expects Electric Bikes To Hurt Margins

August 27, 2018
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Uber Expects Electric Bikes To Hurt Margins

August 27, 2018
Uber has announced that it will soon be focusing on electric bicycles and scooters for shorter trips. CEO Dara Khosrowshahi said that while in the short term the move would mean a further financial hit for the company, investors should understand that short-term losses are necessary in order to achieve longer-term goals. “During rush hour, […]