Why Lyft’s CEO says ‘it would be insane’ not to go all in on bikeshare

Quick Summary:

In the summer of 2023, Lyft was contemplating the sale of its micromobility business after receiving strong interest from prospective buyers.

Docked bike and scooter-share also has the added benefit of giving companies like Lyft access to longer-term city partnerships, as stations end up becoming part of a city’s infrastructure.

That means avoiding dockless scooters and bikes.“We’re really focused on the docked version because it frankly helps cities organize themselves better,” Risher said.“There was a time where it was a free-for-all, let’s just put a bunch of junk on the street, but we thought we should do it in a way that works for riders but also works for cities.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesBrazilIndia

Topics: Micromobility Transportation Scooters Lyft David risher Ebikes Bikeshare

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 11:40:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1257 words

Reading Time: 7 minutes read

Sentences: 54 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © TechCrunch

News ID: 22366086

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