Lyft acquires Capital Bikeshare operator Motivate - Technical.ly DC

Business

Jul. 2, 2018 12:59 pm

Lyft acquires Capital Bikeshare operator Motivate

Lyft confirmed the acquisition on Monday, giving it a foothold in bikeshare across multiple cities.
A Capital Bikeshare station.

A Capital Bikeshare station.

(Photo by Flickr user Tony Webster, used under a Creative Commons license)

Lyft is officially moving into bikeshare.

The company known for ridesharing announced the acquisition of Motivate, which operates Capital Bikeshare and services in multiple other cities like New York, San Francisco and Chicago. Motivate’s name isn’t on many of the systems it operates, but the company said it provided 80 percent of bikeshare trips across the country in 2017.

“Introducing Lyft Bikes,” an announcement issued Monday by the company states.

Word of the deal first surfaced in a report last month from The Information. Terms were not disclosed.

“Lyft and Motivate have both been committed for years to the same goal of reducing the need for personal car ownership by providing reliable and affordable ways to move around our cities,” Lyft cofounder and president John Zimmer said in a statement. “Bringing together Lyft and Motivate will accelerate our collaboration with cities and deliver even better experiences to our passengers and riders.”

With the deal, Lyft will acquire Motivate’s tech, city contracts and corporate functions. Motivate’s operations including bike maintenance and servicing will remain a standalone business. While Motivate has been a big player in bikeshares with fixed stations, Lyft said it plans to begin offering dockless bikeshare and pedal-assist bikes in cities where it operates.

That could mean Capital Bikeshare becomes another entrant into the dockless bikeshare program that D.C. has been piloting over the last year.

It also moves Lyft and ridesharing rival Uber into competition by way of bikeshare acqusitions. Uber acquired dockless bikeshare company JUMP, which launched in D.C. as part of the pilot, earlier this year.

Advertisement

Companies: Lyft, Capital Bikeshare
-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Spin is launching escooter mobility hubs throughout the DC area

Virginia Tech Transportation Institute awarded $15M for autonomous vehicle research

Commuter Connections and UMD partnered up to launch a mobile app

SPONSORED

DC

Verizon is looking for the brightest ideas on how to use its 5G technology

Philadelphia, PA

Vistar Media

QA Engineer

Apply Now

Washington, D.C.

The Washington Post

Scrum Master

Apply Now

Washington, D.C.

The Washington Post

Software Engineer

Apply Now

DDOT is adding mopeds to DC’s dockless vehicle pilot

DDOT and curbFlow are launching a pilot to collect data on DC’s curbside space

Skip temporarily grounds its e-scooter fleet in DC after one caught fire last week

SPONSORED

DC

Escape the August heat with cool AI tech

Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now

Philadelphia

Vistar Media

Front End Engineer

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!