From 4 wheels to 2 wheels — Lyft looks to add CitiBike to its fleet

Uber could be trying to acquire Motivate from under Lyft's nose

It’s no longer enough to simply dominate the highways. Ride-sharing companies are now looking to expand their domain to bike lanes and sidewalks as well That’s being evidenced by Lyft, the San Francisco-based transportation giant that is reportedly close to closing a deal to acquire Motivate, the company behind the hit bike-sharing program Citibike. It is the largest bike-share program in the U.S., and according to The Information, this deal would cost Lyft about $250 million.

But before Lyft gets too comfortable in its acquisition plans, it may need to contend with its rival Uber, who is reportedly hoping to steal the Motivate deal right from under Lyft’s unsuspecting nose. As per a new report from Axios, Uber is now considering making an offer for Motivate as well. It’s unclear how much Uber would need to offer to convince the bike-sharing company to abandon its existing deal, but we would imagine that it’s well north of $250 million.

In recent weeks and months, a growing number of transportation companies have emerged that utilize not automobiles, but rather two-wheeled vehicles in order to move people from Point A to Point B. Not only are companies like LimeBike gaining in popularity, but other companies like Bird are beginning to capitalize on even more innovative forms of transportation like electric scooters. In fact, not so long ago, Lyft jumped on the e-scooter bandwagon by launching its own pilot program in San Francisco.

But while these scooters may be the trendier option these days, bike-sharing is already a well-established system, especially as far as Motivate is confirmed. The company is behind New York City’s perennially popular CitiBike, Washington D.C.’s Capital Bikeshare, Chicago’s Divvy, San Francisco’s FordGoBike, and Boston’s Hubway. In total, Motivate was responsible for at least 75 percent of the 35 million bike-share trips taken in 2017. That’s a 25 percent increase over 2016 data.

Needless to say, this is a booming market, and one that Lyft (and Uber) seems eager to get into. Indeed, not so long ago, Uber made a similar acquisition when it purchased Jump, a Brooklyn-based bike-sharing company, for about $200 million. Unlike CitiBike and other Motivate-run programs, Jump operates a dockless system, which offers commuters a bit more flexibility in terms of pick-up and drop-off locations. It’s significantly smaller than Motivate in terms of total bikes and total number of users, however, which could be an enormous boon to Lyft should the deal ultimately go through.

Though The Information reports that both Lyft and Motivate have agreed on the terms of the deal, it has yet to be finalized. And with reports of Uber trying to muscle its way in, we might be further from a conclusion than we think. We’ll be sure to keep you posted on the latest developments.

Updated on June 9: Uber may be trying to acquire Motivate, too. 


Hateful software kills our enthusiasm for newcomer Realme’s $155 Android phone

Realme is a new smartphone brand with an interesting start to life, as it closely mirrors that of OnePlus, a brand we admire. The Realme 2 is its second phone, and we've given it a try to see if it's a winner.
Emerging Tech

These flying cars want to take your commute to new heights

The future is closer than you'd think: Companies around the world are working on flying car models, with many successful tests! Here are all the flying cars and taxis currently in development, and how they work!
Smart Home

Amazon might open 3,000 cashier-free Amazon Go stores by 2021

According to new reporting by Bloomburg, anonymous sources within Amazon say that CEO Jeff Bezos is considering opening up to 3,000 of the company's cashier-less, experimental Amazon Go stores by 2021.

Lyft offers some fun stats to celebrate its 1 billionth ridesharing journey

Lyft cars have made a billion journeys since its ridesharing service launched six years ago. Announcing the milestone on Tuesday, September 18, the company revealed a few fun stats about its rides so far.
Product Review

With the XT4, Cadillac's tech game goes from frustrating to first class

The 2019 Cadillac XT4 is the American luxury brand’s first small SUV, slotting under the XT5. Aimed at younger buyers, the XT4 is intended to be a nurturing product — something to introduce new customers and lead to future Cadillac…

Amazon Alexa can now hitch a ride in any car with Echo Auto

At its massive hardware event, Amazon unveiled Echo Auto, a dashboard-mounted device that adds Alexa to any car. It's one of myriad ways Amazon is trying to integrate Alexa with cars.

At Bonneville, a 210-mph Volkswagen Jetta is nothing unusual

The Bonneville Salt Flats are the ultimate temple of speed. Follow along as Volkswagen attempts to set a record with a modified economy car, and see what makes Bonneville so special.

Aced it! Tesla’s Model 3 earns a five-star crash-test rating

The results are in and they're great: the rear-wheel drive Tesla Model 3 has aced the National Highway Traffic Safety Administration's different crash tests and earned a five-star safety rating.

Audi’s subscription service lets you roll in style without commitment

Audi expanded its mobility options by launching a car subscription service in the Dallas-Fort Worth area. For $1,395, buyers can choose from five models (including the Q7, the Q5, and the A4) and swap cars twice a month.

Stop the madness! Here's how to fix those squeaky brakes

Few noises are worse than the sound of squeaky brakes. Luckily, there are plenty of ways to go about fixing the issue without giving up your weekend or investing a small fortune. Here's what you need to know.

Get your camera out: Mercedes-AMG Project One supercar tests on public roads

The Mercedes-AMG Project One is a hybrid supercar incorporating genuine Formula One racing DNA. The $2.7 million Project One is entering its final stage of development, including public-road testing.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Click-to-brew beer, comfy headlamps, and more

Check out our roundup of the best new crowdfunding projects and product announcements that hit the Web this week. You can't buy this stuff yet, but it sure is fun to gawk!
Product Review

Lamborghini’s V12 flagship brings the shock and awe for SVJ duty

High-tech active aerodynamics, trick steering, and good old-fashioned horsepower help to make this Aventador the most track-capable production Lamborghini ever.

Porsche brings diesel car production to a screeching halt

Porsche has announced that it will no longer be making diesel cars. The German automaker said that, as a sports car brand, diesel fuels simply weren't as important a part of their business as other options.