Lyft Bikes is now a thing
Lyft,the rideshare giant that last week closed on $600 million in fresh funding, just announced the latest move in its ongoing chess match with its older and better-funded competitor Uber. It has acquired Motivate, the oldest and largest electric bike-share company in North America, for undisclosed terms.
Motivate, which operates in New York as CitiBike; in Washington, D.C. as Capital Bikeshare; and in San Francisco as Ford GoBike, was reportedly on the cusp of selling to Lyft several weeks
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