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Lyft scooping up Motivate, the bike-sharing company

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SmittenKitten
2056 Rider
 Posted 3 years ago

Who knew?  This really a thing now.  The $250 million acquisition comes moments after Uber bought their own bike-hare for $200 million. 

I never saw the need for this to be run at a national scale to be honest.  Every major city already has a functioning shared-bike deployments already, right?

I didn't even know there were so many.  See this excerpt from Wired:

"Yes, the race to control every part of the urban transportation system is on. And thanks to the rising popularity of bike- and scooter-shares, the game ain’t just about cars anymore. That makes Motivate an important player. The company’s eight bike-share programs—including the country’s largest, New York’s CitiBike, its oldest, DC’s Capital Bikeshare, plus Chicago’s Divvy, San Francisco’s FordGoBike, and Boston’s Hubway—account for at least three-quarters of last year’s 35 million bike-share trips." https://www.wired.com/story/lyft-bike-share-motivate-acquisition/

Comments

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    igetaround
    58
     3 years ago

    There are 3 things you can count on in this world. Death, Taxes, and Lyft copying Uber.

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    bBerman81
    275 Rider
     3 years ago

    There is a benefit to having this be run by a national company. Only one app.  You can go from a city to city and you'd only have to use one account, one app, and one payment system.  The user adoption is key.

    and there are lots of Technology and R&D built into these bikes.  Dock-less, GPS, and now self-powered.  yep, motorized.  They are more like unregulated cars these days.

    Show Hide  2 Replies
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      CaptainChampion
      127
       3 years ago

      and guess what.  Uber plays best in unregulated markets.

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        bBerman81
        275 Rider
         3 years ago

        You mean they love to disrupt already regulated markets.

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    bob
    174 Rider
     3 years ago

    Am I the only one that doesn't get Bike sharing? Bikes are fairly inexpensive, why spending money renting one consistently?

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      JonJStevenson
      99
       3 years ago

      I've never taken one, but I'd like to think these things are super cheap?  Plus, it's not necessarily from your house to places, right? It could just be to get around from where you already are.