Skip to Content
Streetsblog Los Angeles home
Streetsblog Los Angeles home
Log In
Streetsblog Denver

1 Month After IPO, a Big JUMP in Prices at Uber’s Bike Share Service

A JUMP electric bike. Photo: JUMP

One month after banking $8.1 billion from a Wall Street IPO, Uber has raised the price of a simple bike ride on its JUMP e-cycles by 67 percent.

A 20 minute JUMP ride in Denver now costs $5, compared to $3 a week ago. The company’s per-minute prices have gone up to 25¢ in Denver, from just 15¢ per minute, according to Stephanie Sedlak, a spokesperson for Uber, JUMP’s parent company. In Los Angeles, JUMP prices are set to go up to 30¢ per mile tomorrow.

“We’re updating our pricing to better balance supply with demand,” said Sedlak in an email.

The news of the price hike triggered an immediate reaction from a JUMP user in the Los Angeles area:

Uber spent $1 billion more than it earned during the first quarter of 2019, according to its first earnings report, which the company issued last week. As shareholders start to expect profits, Wall Street analysts think the company will eventually raise prices on all of its services.


Support the nonprofit mission of Streetsblog Denver. Give $5 per month.

Stay in touch

Sign up for our free newsletter

More from Streetsblog Los Angeles

Metro and Caltrans Expect to Complete Torrance 405 Freeway Widening Project Next Month

Metro and Caltrans are adding nearly two miles of new auxiliary freeway lanes, a new on-ramp, and widening adjacent streets including Crenshaw Boulevard and 182nd Street

July 19, 2024

Strategizing About Reduced Funding in the Active Transportation Program

Funding for Cycle 7 of the Active Transportation Program is less than $200 million, and already there have been requests for fifteen times the amount of available funding

July 18, 2024

Eyes on the Street: Hollywood Boulevard Bike Lanes are Open

The Hollywood bike lanes project, already very much in use, is also already being criticized by commenters at Nextdoor and other social media

July 17, 2024
See all posts