Uber looking at scooters and e-bikes for short hops: Uber is getting ready to replace cars in its service with scooters and electric bicycles for shorter journeys, CEO Dara Khosrowshahi tells the Financial Times in an interview. The move, which is part of the ride-hailing company’s long-term strategy, will hurt profits in the short-term as it “[snatches] revenues away from Uber’s drivers.” Khosrowshahi said, however, that “investors had to be aware that short-term losses were necessary to achieve longer-term goals — and part of that was a focus away from cars in inner cities.” He explained that the impact of the switch is expected to be offset by a higher frequency of inner-city trips, as more customers opt for the faster bike options, particularly in crowded cities.

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