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Uber to Start Car-Sharing Arm

by Megan Hill

May 29, 2018

© Wutthichai Luemuang | Dreamstime.com

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Ride-sharing service Uber revealed last month it’s adding new options, including a new car-sharing service and a way to purchase train tickets.

Uber started its new service, Uber Rent, in San Francisco last month. The option is part of an agreement with peer-to-peer car-sharing service Getaround, offering privately owned cars for rent.

Uber Chief Executive Officer, Dara Khosrowshahi said the decision to expand into the car-sharing industry is a way for Uber to “solve the issue of car ownership.”

“We’re going beyond cars,” Khosrowshahi told Reuters. “We are about mobility —making mobility available to everyone, everywhere.”

Uber also unveiled a partnership with Masabi to offer customers the chance to book and use tickets for train, bus and ferry services through the app.

In another Uber move, the Uber Bike by JUMP program expands to Washington, D.C., following a successful rollout in San Francisco earlier this year.

“That’s going to include bikes, and that’s going to include buses and subways, etc., and we want to be a part of the solution,” Khosrowshahi continued. “As an asset class, cars are very inefficient. We have to work together to make sure that living in a city… doesn’t require you to own a car.”

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