The ride-sharing company has extended its business by buying shares in as well bike sharing as electric scooter companies as stated in the article. The video is about one the companies Über has bought shares in.
Über has invested in the companies because they are aware that an ebike or an electric scooter is the faster option for getting through congested city traffic compared to que in a car.
In the short term ebikes or electric scooter may hurt the current profits from ride-sharing cars. But in the long term Über can maintain and extend its position as one the leading transport services.