Jump bikes has secured $ 10 m in funding to launch its electric bike - sharing service . The bikes do n't need to be returned to a specific location , can be unlocked with a smartphone and feature a built - in lock for the end of the ride , all at a cost of $ 2 for 30 minutes , Above: Jump Bike’s electric system Image Credit: then $ 1 per further minute . Jump Bikes last week received an exclusive permit for 250 bikes in San Francisco .
Jump bikes has secured $ 10 m in funding to launch its electric bike - sharing service . The bikes do n't need to be returned to a specific location , can be unlocked with a smartphone and feature a built - in lock for the end of the ride , all at a cost of $ 2 for 30 minutes , then $ 1 per further minute . Jump Bikes last week received an exclusive permit for 250 bikes in San Francisco .