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Lyft, Redwood Materials partner to recycle shared e-bike and e-scooter batteries

TechCrunch LogoTechCrunch4 mo ago

Lyft, Redwood Materials partner to recycle shared e-bike and e-scooter batteries - TechCrunch

Quick Summary:

Lyft is partnering with Redwood Materials, a battery recycling company founded by ex-Tesla co-founder JB Straubel, to ensure the batteries from its fleets of shared electric bikes and scooters don’t end up in landfill at their end of life.

Lyft also ended its scootershare operations in San Diego earlier this year amid several cost cutting and restructuring measures that focuses Lyft more firmly on ride-hail.

Lyft started haphazardly introducing pedal assist e-bikes in NYC in 2019, and the company says its bikes have a five-year lifespan, so at least a portion of its electric fleet is nearing end-of-life.


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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-23 @ 19:34:21 (4 months ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 1894084

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