Jun 8, 2018

Scoop: Uber may try to buy bike-share company Motivate

CitiBikes parked at a station in Manhattan. Photo: Epics/Getty Images

Uber is considering a takeover offer for Motivate, the bike-share company behind such programs as CitiBike in New York and Ford GoBike in San Francisco, Axios has learned. This comes on the heels of a report that Lyft has made its own bid for Motivate, valued at $250 million of more.

Bottom line: Ride-hail companies are seeking to expand their urban offerings, whether that be via bikes, flying taxis or scooters.

  • Uber recently acquired Jump, which has an exclusive permit for San Francisco's dockless bike-share program.
  • Motivate operates "docked" programs in eight U.S. cities: Boston, Chicago, Columbus (Ohio), Jersey City, New York, Portland (OR), San Francisco and Washington, D.C.
  • It reports 3.18 million total rides taken in May 2018.
  • Brooklyn-based Motivate has raised nearly $50 million from firms like Generation Investment Management, according to PitchBook.

An Uber spokesman declined comment.

Go deeper

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 659,367 — Total deaths: 30,475 — Total recoveries: 139,304.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 5 p.m. ET: 121,117 — Total deaths: 2,010 — Total recoveries: 961.
  3. Federal government latest: President Trump is considering a quarantine on New York, parts of New Jersey and Connecticut.
  4. State updates: Alaska is latest state to issue a stay-at-home order — New York is trying to nearly triple its hospital capacity in less than a month and has moved its presidential primary to June 23. Some Midwestern swing voters that supported Trump's handling of the virus less than two weeks ago are now balking at his call for the U.S. to be "opened up" by Easter.
  5. World updates: In Spain, over 1,400 people were confirmed dead between Thursday to Saturday.
  6. 🚀 Space updates: OneWeb filed for bankruptcy amid the novel coronavirus pandemic.
  7. Hollywood: Tom Hanks and Rita Wilson have returned to U.S. after being treated for coronavirus.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

U.S. coronavirus deaths top 2,000

Nurses in masks, goggles, gloves, and protective gowns at Penn State Health St. Joseph conduct drive-thru coronavirus testing in Bern Township, Pennsylvania on March 27. Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

More than 2,000 people have died from the novel coronavirus in the U.S. as of Saturday, per data from the Center for Systems Science and Engineering at Johns Hopkins University.

Why it matters: Recorded deaths in the U.S. surpassed 1,000 two days ago. The U.S. has the most COVID-19 cases in the world, exceeding China and Italy.

Go deeper: Trump weighs quarantine of New York, New Jersey, Connecticut

Infant dies after testing positive for coronavirus in Chicago

Hospital staff working inside a COVID-19 screening tent in Chicago on March 26. Photo: Jim Vondruska/NurPhoto via Getty Images

An infant less than one year old died in Chicago, Illinois after testing positive for the novel coronavirus, the state health department said on Saturday.

Why it matters: The death would mark the first reported infant mortality from COVID-19 in the U.S. The fatality rate for the novel coronavirus in the U.S. is highest among those over 85 years old, per the CDC.

Go deeperArrow2 hours ago - Health