LYFT ACQUIRES CITIBIKE & ANNOUNCES ‘LYFT BIKES’

July 3, 2018 The Unbiased Writer

In efforts to expand outside of car transportation, Lyft has acquired Motivate- the company behind New York City’s Citibike. Rebranded as Lyft Bikes, the $250 million USD deal will bring the bike-share service into major markets and growing locations where they’re already established. “Bikeshare is a natural extension of Lyft’s core approach to improving transportation access and building community through offerings such as shared rides and the integration of public transit in our app,” the company wrote in a blog post. “These investments are making it possible to have fewer cars on the road and reduced congestion.” Check back for updates!

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