Lyft doubles its mobile footprint thanks to PBSC acquisition – TechCrunch

Lyft has signed an agreement to acquire PBSC Urban Solutions, a Canadian supplier of technology for bike-sharing, in a move the company says will double its size in mobility. micro.

The ride-hailing company is on a mission to enhance its micro-mobility. Last month, Lyft partnered with Owned by level Spin to carry Spin for electric scooters into the Lyft . app in 60 US markets by year-end. The acquisition of PBSC, Lyft announced on Tuesday, will bring to Lyft’s repertoire of 7,500 stations and the company’s 95,000 bikes scattered across 45 markets in 15 countries.

Lyft currently operates bike sharing in 10 cities, as well as scooter sharing in San Diego. Lyft expects the deal to bring that number to 50.

“Create a better way to serve both cities and riders with bike and ride sharing systems,” said David Foster, head of transportation, bicycles and scooters at Lyft. The best scooter has long been part of our vision. “Our acquisition of PBSC will help us deliver world-class products and experiences to riders in the biggest cities around the world over the next decade.”

Keeping the brand consistent won’t be difficult with this purchase – Lyft’s jetties and bikes look similar to PBSC’s, which Lyft claims uses custom versions of PBSC’s hardware design that it has developed. pioneer.

This isn’t the first time Lyft has acquired a bike-sharing company. In 2018, Lyft acquired Motivate and all of its existing contracts, including Citi Bike in New York City. Citi Bike currently has more than 24,000 bikes with more than 28 million rides by 2021.

While many bike-share programs are free-floating, the PBSC, like Lyft, has taken a station-based approach, which Lyft says creates predictability and order in public places for riders set.

Lyft will not share the terms of the deal, which is expected to close at the end of the second quarter.

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