Skip to main content

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. 

Lulu Chang
Former Digital Trends Contributor
Fascinated by the effects of technology on human interaction, Lulu believes that if her parents can use your new app…
Best electric car charger deals: $100 off home charging stations
The handle of the Grizzl-E EV charger plugged into a vehicle.

While they may not dominate the market just yet, electric vehicles have become pretty massive in the past few years, with many people seeing them as the perfect alternative to traditional combustion engines. Of course, because EVs aren't as widespread, that means that there aren't always a ton of charging stations around, and sometimes those have inoperative or full chargers, leading to quite a few issues down the road. Luckily, you can get some excellent car chargers at home, which is why we've collected our favorite car charger deals for you below to save you trouble.
Seguma 16Amp Level 1/2 EV Charger -- $120, was $160

If you need a more basic charger, this Level one and two charger from Seguma is a solid option and can deliver 16 amps and 3.84kW, which is pretty substantial. It also comes with a NEMA 6-20 plug and a standardized J1772 connector, which should work on most EV vehicles out there except for Tesla, which has its own connector. There are also some intelligent charging features, which include things such as protection against things like under and over voltage, leakage, and lighting, and it has an automatic cut-off when your EV is fully charged.

Read more
Revamped Lucid Air shows this luxury EV’s bandwidth
Front three quarter view of a beige 2024 Lucid Air Touring.

If you’re only going to sell one car, you’d better make it count.

The Lucid Air electric car finally took flight in 2020 after years in financial limbo. While Lucid plans to launch an SUV called the Gravity and a line of smaller, more mainstream models, the Air remains Lucid’s sole product nearly four years after its launch. The Air has evolved in that time, adding multiple configurations that allow this one car to fill several niches.

Read more
With 1,800 horsepower, Bugatti’s Tourbillon brings plug-ins past the Prius
The Bugatti Tourbillon is a plug-in hybrid.

Plug-in hybrid technology has reached the automotive industry’s upper echelon. Bugatti has unveiled the Tourbillon, the long-awaited successor to the Chiron, with a gasoline-electric drivetrain rated at 1,800 horsepower, 3D-printed parts in the suspension, and an unusual sound system that has no speakers.

Bugatti developed the Tourbillon on a blank slate. The big coupe’s proportions are relatively close to the Chiron’s because the two cars need to fulfill a similar mission: cruise safely and comfortably at jaw-dropping speeds. Bugatti hints that hitting 250-plus-mph is well within the Tourbillon’s scope of capabilities. For context, the Chiron set a speed record and became the first car to break the 300-mph barrier when it reached 304 mph in 2019, so the brand knows a thing or two about speed.

Read more