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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