Lyft pulls an Uber and acquires Motivate, a bike-sharing company

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Lyft pulls an Uber and acquires Motivate, a bike-sharing company

Lyft pulls an Uber and acquires Motivate, a bike-sharing company

Lyft says its new bike-share program will revolutionize urban transportation. The only 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.

SEE ALSO: Lyft overhauls its app to emphasize shared rides


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.* Read more...

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