• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
bike share

Lyft Inks Deal With N.Y.C. and Becomes Largest Bike-Share Service in U.S.

By
Laura Stampler/TIME
Laura Stampler/TIME
Down Arrow Button Icon
By
Laura Stampler/TIME
Laura Stampler/TIME
Down Arrow Button Icon
November 29, 2018, 6:24 PM ET

Having sealed a deal to expand New York City’s Citi Bike, Lyft announced Thursday that it is now the largest bike-share service in the United States.

Although the ride-hailing company agreed in July to buy Motivate, an operator that reportedly dominates 80% of bike rentals in America, the deal didn’t become official until Thursday morning when Mayor Bill de Blasio announced New York City’s agreement for Lyft to dramatically expand Citi Bike. Motivate is Citi Bike’s parent company.

Techcrunch reporter Kate Clark tweeted photos of forthcoming Lyft-branded bikes and scooters. (Lyft scooters are currently available in Denver, Colorado and Santa Monica, California.)

https://twitter.com/KateClarkTweets/status/1068185964219002880

“New York City is one of the world’s great biking cities—and it’s about to get even better,” said Mayor de Blasio in a statement. “This expansion means tens of thousands more New Yorkers are going to have a fast and inexpensive way to get around their city. It also means much more reliable service for all the riders who already use Citi Bike.”

Lyft’s newly inked deal promises to invest $100 million in the city’s biking infrastructure, doubling its service area and tripling its number of available bikes to 40,000 in the next five years.

But N.Y.C. isn’t the only city that will be impacted by the Motivate acquisition. According to Lyft’s blog post, it will also be providing rides for “Ford GoBike (San Francisco Bay area), Divvy (Chicago), Bluebikes (Boston Metro area), Capital Bikeshare (Washington, D.C. metro area), Biketown (Portland), CoGo (Columbus, Ohio), and Nice Ride (Minneapolis).”

A Lyft spokesperson told The Verge that a “significant portion” of the new fleet of bikes will be electric bikes and indicated that it won’t be dock-less, noting, “Citi Bike has been successful as a dock-based system and we want to build on that success.”

Last April, Uber bought competing electric bike-sharing company Jump, which is dock-less.

About the Author
By Laura Stampler/TIME
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Energynatural gas
Natural gas prices in Texas plunge deep into negative territory and producers are burning it off, while the rest of the world braces for shortages
By Jason MaMarch 22, 2026
33 minutes ago
Kevinn O'Leary showing off his watches
SuccessShark Tank
Kevin O’Leary became a millionaire from a $4.2 billion deal—but said it was ‘very anticlimactic’
By Sydney LakeMarch 22, 2026
1 hour ago
SuccessThe Interview Playbook
Boss uses a recruiter-approved coffee cup test in every interview—and he won’t hire anyone who fails it
By Orianna Rosa RoyleMarch 22, 2026
2 hours ago
Warren Buffett
SuccessBillionaires
Warren Buffett admits his original philanthropic  plans were not ‘feasible’—he’s instead left his three kids $500 million a year to give away
By Preston ForeMarch 22, 2026
2 hours ago
EnergyCuba
Cuba begins to restore power after third nationwide collapse of the entire energy grid this month alone
By Andrea Rodriguez and The Associated PressMarch 22, 2026
3 hours ago
Middle EastIran
After Trump threatens to destroy Iranian power plants, Tehran warns the region’s vital infrastructure, like desalination facilities, will be targeted
By Alon Bernstein, Sam Metz, Samy Magdy and The Associated PressMarch 22, 2026
3 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.