, the largest bikeshare operator in North America, for a reported $250 million. At the time, freestanding, or dockless, bikes and scooters were starting to crop up in cities across the country. But Lyft decided that docked systems — bikes that could be locked and unlocked from fixed docking stations — were the savvier move. Cities were cracking down on dockless operators in part because they competed with preexisting bike share programs.
Lyft continued to spend money on bikes and scooters, acquiring PBSC Urban Solutions, a bikeshare equipment company that supplies docks and bikes for 45 systems globally, in 2022.
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