Uber has made major moves in the transportation space recently, adding bike sharing and e-scooters to its base. The main aim is to make the ride for the customers efficient and effective. Uber is looking to dominate the on-demand transportation space. While their rival Lyft recently announced that they are buying Motivate, the largest bike-share firm in the U.S. Motivate operates New York’s Citi Bikes and San Francisco’s Go Bike among other cities.
Both companies have also looked at several ways to integrate public transport into their apps and create a one-stop destination to make travel easy. Uber is having a valuation of $60 billion which is four times more than that of Lyft’s valuation, $15.1 billion.b