TOP STORIES 🔥

 💵 Citi Bicycle Thieves

Citi Bike’s Bike Angels program - created in 2016 - encourages riders to move bikes in exchange for points that could be used for merchandise, membership discounts and gift cards. However, some users have been gaming the system: monitoring the app and moving bikes from one docking station to another a few blocks away to create a need for their services - then getting paid up to $6,000 a month to ride them a short distance back.

With Lyft seeming to flip-flop between keeping their bike share business and selling it, it raises some important questions:

• Can Lyft afford to keep the Bike Angels program alive?

• Does it allow abusers of the system to take bikes away from the demand?

• Can a community-based operational model work, or should the rebalancing be left to the professionals?

🤝 SEAT Mò, No Mo’

SEAT has stopped their car and moped sharing businesses after recording losses of €31.6 million, and the devaluation of subsidiaries.

One subsidiary, Connected Mobility Services, lost €10.8 million, despite doubling its turnover to €16 million.

Users were informed in February that this would be the case, but the losses indicate how difficult the sharing business can be. It also shows how automotive companies are increasingly focused on profitability and, despite record operating profits in the first half of 2024, cannot afford to burn cash in any department.

LAUNCHES AND EXPANSIONS 🚀

Beryl | 🚲 (200)
Launch in Guildford (UK) 

BIZI | 🚲 🅿️ (276)
Upcoming expansion of 276 stations in Zaragoza (ES)

Corrente | 🚗 (20)
Launch in…

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PAUSES & EXITS 👋

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CITY UPDATES 🌐

Bergamo (IT) | Bike sharing up 20% after 10km of bike lanes added.

Brno (CZ) | Bike Sharing Support Fund for 2024 already exhausted.

Las Palmas (ES) | Police remove 242 scooters from streets.

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INDUSTRY NEWS 🗞️

BicinCittà launch ‘unlimited’ bike sharing offer in several Italian towns.

Citibike introduce a way for users to earn $6,000 a month rebalancing bikes.

GO Sharing auctions old mopeds for €500 each.

SEAT now abandons car sharing after recording losses of €31.6m in sharing.

TIER spokesperson questions why scooters come under more scrutiny than bikes and electric bikes in the drunk riding debate.

The Sharing Group acquires a stake in Drop Mobility.

Tuscany (IT) Data on shared mobility usage in Italian region.

Voltio pass 1 million trips.

YEGO partner with Stade Toulouse rugby club.

Riva Del Garda municipality promotes Ciclocinema - film screenings powered by 8 pedal bikes for European Mobility Week.