The deal unites the teams behind Barcelona’s Bicing and New York City’s Citi Bike, meaning more innovation and best-in-class service to cities across Europe and beyond
July 8, 2026 — Lyft has announced the planned acquisition of Serveo's bikeshare business in Spain, subject to customary closing conditions. Starting later this year, Lyft Urban Solutions (LUS), Lyft's micromobility division dedicated to operating and powering public bikeshare programs around the world, will acquire the Serveo business that runs operations of the bikeshare systems in Barcelona, Bilbao, Valladolid, and Zaragoza and provides the contract management and local support for the systems in Madrid, La Coruña, and Rivas-Vaciamadrid. Lyft will continue its existing role as the technology and hardware provider across all of these programs. The planned acquisition will combine LUS's technical and operational expertise with the local knowledge and proven track record of the Serveo team. The transaction is not expected to have a material impact on Lyft's financial results.
"Lyft Urban Solutions has built the operational depth and technology platform behind some of the largest bikeshare systems in the world. For years, we've watched Serveo build something just as impressive: world-class bikeshare programs that Spanish cities depend on every day, including Bicing in Barcelona — one of Europe's biggest and most-used programs," said Michael Brous, Head of Lyft Urban Solutions. "Now we will get to unite those two strengths together, offering city partners something more than the sum of our parts, which means better systems and a better experience for riders. We're excited to deepen our roots in Spain and bring our experience as a leading bikeshare operator to cities across Europe and beyond."
LUS has served as Serveo's exclusive technology and hardware partner for seven years. Today, the company is a leading bikeshare operator in North America, enabling six of the largest bikeshare programs in the United States — together accounting for more than 125 million miles traveled last year. Globally, LUS technology and hardware powers 55 systems across 14 countries, including 18 programs across Europe, with a network of more than 195,000 bikes and 15,000 stations. That operational depth and technology platform are what the company now brings to Spain. For cities benefitting from Serveo services today, LUS will prioritize continuity for partners and riders, and continue to deepen the existing public-private partnerships.
“The Serveo team brings proven scale and expertise to this next chapter — more than 22,000 shared bicycles managed across seven Spanish cities, powered by effort, commitment, and professionalism,” added Salvador Urquía, CEO of Serveo. “We're proud of what we've built, and the team is excited to begin this new phase united with a leading partner in the sector.”
The LUS team brings more than 15 years of bikeshare industry experience, helping to launch some of the first station-based public bikeshare programs in North America and pioneering the introduction of ebikes and in-dock charging stations to modern bikeshare. With this planned acquisition, LUS will for the first time operate bikeshare systems on both sides of the Atlantic, with technology powering bikeshare programs across North America, South America, Europe, and Asia.
About Lyft
Whether it’s an everyday commute or a journey that changes everything, Lyft is driven by our purpose: to serve and connect. Founded in 2012, Lyft has grown into a global mobility platform offering a mix of rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes, and scooters across six continents and thousands of cities. Millions of drivers have chosen to earn on billions of rides - helping to create a more connected world, with transportation options for everyone. Lyft Urban Solutions, the company's micromobility division, operates and powers public bikeshare programs around the world, including Citi Bike in New York City and Santander Cycles in London.
About Serveo
Serveo, with over 30 years of experience, is a leader in cross-cutting, efficient, and sustainable services that drive the growth and development of its clients and society, particularly in the healthcare, public administration, infrastructure, industrial, and corporate sectors. The company has a nationwide presence, enabling it to manage high-impact and complex projects.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Lyft’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “going to,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Lyft’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, Lyft’s statements regarding the acquisition of Serveo’s bikeshare business in Spain, including the timing of the closing of the transaction, the expected benefits of the transaction, the financial impact of the transaction on Lyft, the impact of the transaction on Lyft’s markets, partnership opportunities, the future operations of the business and plans and expectations for the combined business. Lyft’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks and uncertainties related to the pending acquisition of Serveo’s bikeshare business in Spain, including the failure to obtain, or delays in obtaining, required regulatory approvals, the risk that such approvals may result in the imposition of conditions that could adversely affect Lyft or the expected benefits of the proposed transaction, or the failure to satisfy any of the closing conditions to the proposed transaction on a timely basis or at all; costs, expenses or difficulties related to the acquisition of the business; and failure to realize the expected benefits of the proposed transaction in the expected timeframes or at all. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Lyft’s filings with the Securities and Exchange Commission (“SEC”), including in our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q filed with the SEC. The forward-looking statements in this release are based on information available to Lyft as of the date hereof, and Lyft disclaims any obligation to update any forward-looking statements, except as required by law.