Lyft says its new bike-share program will revolutionize urban transportation. The erotice historical menage ronly problem? Uber kind of beat them to that particular revolution.
In a Monday blog post, Lyft announced it had reached an agreement to acquire Motivate, a bike-sharing company that operates the Citi Bike program in New York and Ford GoBike in San Francisco.
"We're excited to invest in bike-share to continue building the world's best transportation for the future of our cities," Lyft tweeted.
As part of the deal, Lyft will now own Motivate's technology, including its apps, bike-tracking services, customer support, and bicycle maintenance systems. When Motivate's bicycles will become available on the app to Lyft customers was not immediately clear.
Though neither Lyft nor Motivate shared the financial terms of the acquisition, the Informationreported in May that Motivate was valued at $250 million, and that the deal was around that price. According to the New York Times, Motivate would soon be renamed Lyft Bikes.
If Lyft's decision to acquire Motivate sounds familiar to you, that's probably because it's a very similar move to one made months ago by its biggest rival. In April, Uber acquired Jump, a dockless electric bike-sharing company, for an undisclosed sum. Lyft also lags behind Uber in valuation, clocking in at $15.1 billion against Uber's $72 billion.
But a rematch could be underway: Both Uber and Lyft have thrown their hats into the ring to battle for a limited number of permits to operate electric scooters in San Francisco. It's unclear whether both, one, or none will emerge victorious.
Topics lyft
(Editor: {typename type="name"/})
Ms. Frizzle spotted at Science Marches across the globe
Best Amazon Echo deal: Save $35 at Amazon
Substack publishers can livestream now
Borges vs. Alcaraz 2025 livestream: Watch Australian Open for free
Greenpeace activists charged after unfurling 'Resist' banner at Trump Tower in Chicago
Best Amazon deal: Take $69.69 off the Govee Smart Outdoor String Lights 2
NYT Connections hints and answers for January 16: Tips to solve 'Connections' #585.
NYT mini crossword answers for January 16, 2025
Apple is advertising on Elon Musk's X again
Best laptop deals: Save big on Asus laptops at Best Buy
Greenpeace activists charged after unfurling 'Resist' banner at Trump Tower in Chicago
How to live stream the Los Angeles Clippers in 2025
接受PR>=1、BR>=1,流量相当,内容相关类链接。