In a recent news update, Uber, the transportation network company, has stated that it is going to invest in another new transportation venture, this time into the scooter business, and has already submitted a formal application for the same. The company confirmed to Axios on Thursday about its venture into San Francisco city’s upcoming pilot program, right where its headquarters are located.
With the new generation being all about efficiency and on the move 24/7, electric scooters would be an ideal investment as they are the current rage among the crowd. In April, after taking over the bike-sharing startup Jump, Uber now intends to deploy them to the streets as a part of its new strategy to provide a variety of easy transportation options available to its customers.
Another transportation company, Lyft, has followed suit and shown considerable interest in going beyond cars. For this purpose, they, too, have applied for a permit.
San Francisco’s transportation agency will lend out up to five permits to the scooter companies, so Uber and Lyft will be competing for dominance in the scooter business with other scooter startups like Bird, Lime, and Spin.
