Lyft, which owns Citi Bike, announced on Thursday that the cost to rent a bike will rise by roughly 10% next month. It is the second price increase for the service this year.
Give NowThe cost to ride a Citi Bike is going up for the second time in a year.
The annual price tag for Citi Bike members will increase from $185 to $205 on Jan. 29. Starting Jan. 5, nonmembers will pay $4.49 for a 30-minute single-use trip, up 50 cents from the current price. The cost to rent an electric Citi Bike will also go up next month, from 15 cents to 17 cents per minute for members, and from 23 cents to 26 cents per minute for nonmembers. That increase reflects the growing costs of swapping batteries amid outsize demand for the bikes, according to Levine.in stock value. Last month, Lyft laid off 13% of its staff, including employees overseeing Citi Bike.
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