Lyft Adds Electric Bikes To Santa Monica Breeze Stations [Forbes]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: Forbes
Lyft's is brining its new ebike to Santa Monica, Calif.The City of Santa Monica’s five-year long bike-share program,BreezeLYFTEbikes are bicycles that use a small electric motor to help propel the rider as they pedal, making trips easier and faster than traditional two-wheelers. A recently publishedstudy conducted by the Institute of Transport Economics in NorwayWhile those findings should be good news for bikeshare operators, the business model has been difficult to operate profitably. Manycitiesimproperly parked free-floating bikes and have reduced permits,Lyft’s motor-driven bikes are available in existing Breeze stations, and can be rented by the mile using the Lyft app for $.34 per minute or $.05 per minute using a Community Pass that’s available for $5 per month for qualifying individuals. Lyft’s electric scooters are still available in six markets in the U.S., including Santa Monica, Los Angeles and UCLA.Follow me onLiane YvkoffI’m an automotive technology and lifestyle writer
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