Lyft Buys Company Behind Citi Bike, Announces Lyft Bikes

Ride-sharing companies like Uber and Lyft have already grown to dominate urban commuting by car. On Monday, Lyft revealed it would throw its hat into another ring: Bike-sharing. Lyft announced Monday it had acquired Motivate, a nationwide ringleader for the growing bike-sharing industry. Motivate operates differently branded, subscription-based bike rental services around the United States, such as New York’s Citi Bike and Washington, D.C.’s Capital Bikeshare.

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