LimeBike Releases Report On Economic, Health And Social Benefits Of Smart Bike Sharing

SAN MATEO, Calif., Dec. 19, 2017 /PRNewswire/ -- LimeBike, the largest dockless smart bike sharing company in the US, today released an end of year report on the benefits of bike sharing. The report analyzed data from more than 1 million rides taken and over 35 regional deployments in cities and college campuses across the US. Both national and regional LimeBike data include cities such as Seattle, Washington D.C., Dallas, Miami and many more.

LimeBike shares its aggregated and anonymized data with local officials in many markets to provide transparency, along with valuable insights into transit and commute patterns across local communities. Cities and college campuses are using this data to make improvements for their constituents. For example, LimeBike found that nationwide, 40 percent of rides start or stop at public transit stations. This shows that LimeBike's fleet augments existing public transportation infrastructure and helps cities provide a first and last mile transportation solution.

The report also found that LimeBike rides, on average, cost $5-$7 less per mile than ridesharing and $.59 less per mile than driving. If constituents who typically use ridesharing services to commute to and from work replace just one mile of their daily commute with a LimeBike ride, they'll save $1,300-$1,800 annually.

These findings demonstrate LimeBike's key principles: accessibility, affordability and sustainability. The complete report is an in-depth look into nationwide trends around bike sharing and how these variables impact the future of urban transportation.

The complete report can be found at this link. For more information, visit the LimeBike blog at www.limebike.com/blog.

About LimeBike
LimeBike is revolutionizing mobility in cities and campuses by empowering residents with a greener, more efficient, and affordable transportation option that also improves urban sustainability. By partnering with local key stakeholders and systematically deploying a fleet of smart-bikes that are enabled with GPS, wireless technology, and self-activating locks, LimeBike will dramatically improve urban mobility by making the first and last mile faster, cheaper, and healthier for riders. Funded by Silicon Valley's leading VC firm Andreessen Horowitz, LimeBike is based in San Mateo, CA. Learn more at limebike.com.

SOURCE LimeBike