LimeBike expands to Europe as cycle-sharing rivalry mounts [Reuters]
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Source: Reuters
LimeBike expands to Europe as cycle-sharing rivalry mounts | Reuters 3 Min Read FRANKFURT (Reuters) - Bicycle-sharing start-up LimeBike will begin operating in two European cities this month, marking the first overseas expansion by U.S. players seeking to keep pace with the international forays of better-funded Chinese rivals. LimeBike, which launched in January and operates in dozen U.S. cities and college campuses, is introducing its bikes-where-you-find-them operation in Frankfurt and Zurich and plans further European expansion in the spring, it said on Monday. The Silicon Valley-based company aims to break in on an increasingly global craze that first exploded in China, where a handful of businesses have raised billions of dollars in funding in the past two to three years. So-called dockless bike-sharing schemes allow riders who sign up on their smartphones to rent bikes using an app that helps them to locate cycles left by previous users. The LimeBike scheme charges 1 euro or Swi
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