With IPO due, Uber aims to be 鈥楢mazon of transportation鈥�

A jump electric bicycle and scooters available to rent by-the-mile through the Uber smartphone application in Santa Monica, California. (AFP)
  • Uber lays out vision of a transformed world of personal mobility as it steers toward a keenly anticipated stock market debut
  • 鈥楾he vision is to be an all-in-one app for all your transportation needs鈥�

SANTA MONICA, United States: Uber, the ridesharing behemoth set to launch a stock offering soon, is aiming beyond sharing car rides to becoming the 鈥淎mazon of transportation鈥� in a future where people share instead of owning vehicles.
Uber laid out its vision of a transformed world of personal mobility as it steered toward a keenly anticipated stock market debut that will follow an initial public offering of shares by US rideshare rival Lyft announced on Friday.
鈥淐ars really were, for us, a kind of starting place,鈥� said transportation policy and research chief Andrew Salzberg at an Uber media event in Santa Monica, California.
鈥淥nce we鈥檝e built this platform for mobility there are a whole host of business lines we can build beyond that.鈥�
The Southern California beach city was teeming with electric scooters and bicycles from Uber and rivals that may be checked out with a smartphone app.
鈥淭he idea that every time you walk outside there is this electric, fun-to-ride vehicle waiting to take you to your next destination is really incredible,鈥� said Nick Foley, head of product for Jump, the electric bike startup acquired by Uber.
鈥淚t鈥檚 more than just an app to book a bike; it鈥檚 an app where you can have reliable micro mobility booking or a could book a car if the weather isn鈥檛 nice.鈥�
Foley believed that a shift to mobility as a smartphone-summoned-service will alter lifestyles as dramatically as did the mass market debut of the automobile.
Combining electric motors with light-weight scooters or bicycles, and having them on streets to be used on demand, provides an ideal method of getting around in traffic-troubled cities, according to Uber.
Electric bicycles and scooters can get people efficiently to destinations in congested downtowns, where they can switch to public transit or car ride sharing at their convenience.
Uber鈥檚 effort to be an all-encompassing platform for getting around includes adding e-scooter rival Lime and city transit services to its smartphone application, along with improving features designed to get people to travel together instead of riding solo.
The California-based startup鈥檚 collaboration with cities includes sharing anonymous traffic flow data with officials in charge of public transit, bicycle lanes, parking and road planning.
Uber is also integrating transit schedules into its app, and will soon add a way to pay fares as well.
鈥淲e can鈥檛 really be the Amazon for transportation without the biggest mode of transportation out there, which is public transport,鈥� said Uber transit team leader David Reich.
鈥淭he vision is to be an all-in-one app for all your transportation needs.鈥�
If all goes to plan, commuters could ride an e-scooter to a transit station, take a train then grab an e-bike, ride share or e-scooter at the arriving station to complete a journey.
Uber chief executive Dara Khosrowshahi has made a priority of working with transit agencies, according to Reich.
Jump has leapt into 16 US cities, and planned to expand internationally this year beginning in Europe, according to founder and chief executive Ryan Rzepecki.
鈥淚 think we are in year zero of a 10-year, mega-cultural shift,鈥� Rzepecki said.
E-scooters and dockless bikes arriving on streets of US cities have caused complaints, safety concerns, and the need for laws to reign in reckless riding.
鈥淔or as much cultural change we have been seeing in cities, I think the pushback has been incredibly low,鈥� Rzepecki said, however.
He was excited to get Jump into Europe, where he felt cities were more inclined to be designed with bicycling in mind.
Uber is also taking to the sky with an Elevate project to have electric aircraft carry people between 鈥渟kyports,鈥� taking off and landing vertically.
Director of vehicle systems engineering Mark Moore, who spent decades at NASA, joined Uber a little more than two years ago.
鈥淲e are one of the very big, bold bets that is coming up with a whole new choice of transportation in cities faced with gridlock really grinding them to a halt,鈥� Moore said of Elevate.
He expected experimental flights next year, with Uber putting Elevate aircraft into service in Dallas, Los Angeles, and a soon-to-be revealed third US city by 2023, pledging to make this an affordable travel option.
鈥淲e have zero interest in doing this for the elites,鈥� Moore said.
鈥淭his is all about designing a nodal transport system that meets the needs of cities.鈥�
Uber鈥檚 platform moves cargo as well as people, with a 鈥淔reight鈥� service that connects truckers with shippers in a way similar to how drivers connect with people seeking rides.
Uber is also seeing growing success with an 鈥淓ats鈥� service that lets drivers make money delivering meals ordered from restaurants.
Uber is the largest and most prominent of the 鈥渟haring economy鈥� startups that are on the cusp of transforming several industries, and its IPO could be a milestone for the trend.
鈥淲hen Uber goes public it will be a vote of confidence on the sharing economy but also a vote confidence on the company,鈥� said New York University professor Arun Sundararajan.