LimeBike Introduces Electric-Assist Bikes

LAS VEGAS, Jan. 8, 2018 /PRNewswire/ --Today at PEPCOM, LimeBike, the leading smart bikeshare provider, announced the addition of electric-assist bikes to its fleet. Called Lime-E, these bikes will be available in existing LimeBike markets including Seattle, Miami, Scottsdale, Southern California and greater San Francisco bay area starting in January 2018.

Lime-E bikes will cost riders $1 to unlock and an additional $1 per every 10 minutes of riding time. The pricing allows Lime-E to be one of the most affordable modes of transportation, and offers upgraded technology and faster speeds for riders. LimeBike is committed to making bikesharing affordable and will continue to provide discounted pricing for students and low-income riders. These new fleets will require larger local operations teams to ensure prompt maintenance of the bikes, leading to the creation of more jobs in target markets.

The addition of Lime-E bikes to LimeBike's existing fleets positions the company as a key player in the future of mobility. The faster bikes enable riders to get to their destinations more quickly, but still more affordably than driving or using traditional rideshare services. The maximum speed on the bikes is 15 MPH and the power will smartly adjust to adapt to the users' natural pedal experience. Riders can easily climb up the 30 degree hills in Seattle and San Francisco.

"2018 is shaping up to be a landmark year for the global bikeshare movement," says Toby Sun, CEO and co-founder of LimeBike. "As the fastest growing smart mobility solution company, LimeBike is evolving to respond to the limitations of traditional, docked bikeshare services based on cost, accessibility and overall aging infrastructure. Our electric-assist bike, Lime-E, will provide cities a fast, efficient, equitable source of first-and-last mile transportation at absolutely no cost to taxpayers and minimal cost to riders."

Images of the new Lime-E bikes 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