Lyft Becomes America's Largest Bikeshare Service

SAN FRANCISCO, Nov. 29, 2018 /PRNewswire/ -- Lyft today announced that it is completing the acquisition of America's largest bikeshare service, Motivate. Headquartered in New York City, the company is responsible for the growth of the country's most ridden bikeshare systems, including: Citi Bike (New York), Ford GoBike (San Francisco Bay area), Divvy (Chicago), Bluebikes (Boston Metro area), Capital Bikeshare (Washington, D.C. metro area), BIKETOWN (Portland), CoGo (Columbus, Ohio), and Nice Ride (Minneapolis).

Last year, 80% of all bikeshare rides in the US were completed on Motivate systems. And earlier today, Mayor Bill de Blasio announced that New York City and Lyft will be dramatically expanding Citi Bike, tripling its size to 40,000 bikes.

"Today, Lyft takes a large step forward in our vision to provide a more sustainable transportation experience that will bring together all your favorite ways of getting around into one unified Lyft app," said Lyft Co-Founder and President John Zimmer. "We're excited to introduce new and exciting mobility products in the months ahead for our city partners and riders."

Bikeshare is a natural extension of Lyft's vision to improve transportation access, sustainability and affordability. With this acquisition, Lyft is poised to help take bikeshare to the next level: adding thousands of bikes and stations in communities that haven't had access to transportation; making bikeshare membership more convenient and affordable than ever; and deploying new electric bikes, on a major scale.

Lyft's overall work with bikes and scooters will help the company reach its goal of taking one million cars off the road by the end of 2019. Lyft is already seeing rapid adoption of its scooters that launched this Fall - in Denver alone, scooter trips account for 15% of Lyft's total rides.

Lyft will work closely with local communities to invest in and expand their bikeshare systems. This work is in addition to Lyft's recent transit integration, where they've added public transit information directly in-app and are working closely with 50 transit agencies across the nation. Together with their new Chief Policy Officer, Anthony Foxx, Lyft will ensure that the future of our transportation infrastructure is more centered around people, pedestrians and cyclists, and less centered around cars.

About Lyft
Lyft was founded in 2012 by Logan Green and John Zimmer to improve people's lives with the world's best transportation, and is available to 96 percent of the United States population as well as select cities in Canada. As the only rideshare company to offset carbon emissions from all rides, Lyft is committed to effecting positive change for our cities, and promoting transportation equity through shared rides, electric bikes and scooters, and public transit partnerships.

SOURCE Lyft