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Lyft Brings Back Shares Electric Bike Rentals in NYC With Citi

Lyft Brings Back Shares Electric Bike Rentals in NYC With Citi

Lyft will launch a fleet of several hundred electric bikes for rent throughout New York City, the corporate stated Wednesday, 10 months after it removed them following grievances and injury reports.

Lyft Brings Back Shares Electric Bike Rentals in NYC With Citi

The bikes will be available at all of the city’s 900 Citi Bike stations for a per-minute fee, against a flat rate for non-electric shared bikes.

New York, the most populated U.S. metropolis with over 8 million folks, is an attractive marketplace for transportation providers. The town signed an exclusive contract with Lyft to run its bike-share system after Lyft bought the previous operator two years ago.

Named after program sponsor Citibank, the blue bikes have witnessed soaring demand since their debut in 2013. In 2019, almost 21 million trips had been accomplished on around 12,000 bikes, up over 18% from the previous year, in keeping with city records.

Uber Technologies, which controls a bike-share fleet, and electric scooter firm Lime have criticized the city for its exclusive ties with Lyft. Under New York legislation, throttle-powered e-bikes and e-scooters are not allowed outside the Citi Bike program.

The electric bikes are going to cost 15 cents per minute or 10 cents per minute for annual subscribers. Regular bikes cost $3 per 30-minute trip for non-members.

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