Why Lyft's CEO says ‘it would be insane' not to go all in on bikeshare

In the summer of 2023, Lyft was contemplating the sale of its micromobility business after receiving strong interest from prospective buyers. Today, the ride-hail company is doubling down on its docked scooter and bikeshare operations, positioning itself as the ideal partner for cities looking to enhance their urban transportation networks. Since acquiring shared bike and station provider PBSC Urban Solutions two years ago, Lyft has invested in building and deploying better quality e-bikes and docked e-scoo ...