Lyft News

An Update on Lyft's Bikes and Scooter Business

Jul 24, 2023

An Update on Lyft's Bikes and Scooter Business

“Lyft has received strong inbound interest in our bikes and scooters business, which is no surprise given that bikes, and particularly ebikes, are growing more popular as ridership continues to break records. Last week alone, riders took over 1.4 million bike rides across our US network. As a leading bikeshare provider, supplying solutions to over 53 markets across 15 countries, it’s only logical for Lyft to listen to credible proposals and explore strategic partners and options in several forms to serve more riders in more cities. We expect this part of the business to continue to be a meaningful part of Lyft’s offering now and into the future.”

You can find more information on Lyft’s booming bike business here

Forward-Looking Statements

Certain statements contained in this announcement and the accompanying attachment are “forward-looking statements” within the meaning of the securities laws, including statements about Lyft’s bikes and scooters business and exploring strategic partners and options in several forms for that business. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in Lyft’s filings with the Securities and Exchange Commission. We do not undertake an obligation to update our forward-looking statements to reflect future events, except as required by applicable law.