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Lyft resumes shared electric bike rentals in NYC – Source Reuters Tech News

NEW YORK (Reuters) – Lyft Inc (LYFT.O) will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports.

FILE PHOTO: A woman rides a bicycle from bicycle-sharing system Citi Bike in New York City, U.S., September 13, 2018. REUTERS/Brendan McDermid/File Photo

The bikes will be available at any of the city’s nearly 900 Citi Bike stations for a per-minute fee, versus a flat rate for non-electric shared bikes.

New York, the most populous U.S. city with over 8 million people, is an attractive market for transportation providers. The city signed an exclusive deal with Lyft to operate its bike-share system after Lyft acquired the previous operator in 2018.

Named after program sponsor Citibank (C.N), the blue bikes have experienced surging demand since their debut in 2013. Last year, nearly 21 million trips were completed on about 12,000 bikes, up more than 18% from…

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Source Reuters Tech News

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