On August 13th, Mexico City’s Mobility Department, SEMOVI, launched the next generation ECOBICI bikeshare system, using the same world-class technology that powers the largest bikeshare systems in the United States including Citi Bike in New York, Capital Bikeshare in Washington D.C., Divvy in Chicago, and Bay Wheels in the San Francisco Bay Area. Lyft will supply the bikes, stations, rider app, rider website, and back-end operator software to the consortium partners responsible for renovating, expanding and operating the system - 5M2, a subsidiary of Grupo Expansión, and BKT bici pública.

“Providing our in-house developed bikeshare hardware and software ecosystem to cities allows Lyft to expand our impact globally by working with experienced and well-established partners to run the system day-to-day,” said David Foster, Head of Transit, Bikes and Scooters at Lyft.  “We are empowering our customers in Mexico City with the tools they need and so they can take this next generation of the ECOBICI system to even greater heights.” 

Over its first 11 years, ECOBICI has had more than 73 million trips and has the second highest ridership of any bikeshare system in North America after Citi Bike in New York. Mexico City is the fifth most populous city in the world and the largest ever where Lyft has provided micromobility solutions. 

The renovation will first replace existing ECOBICI stations and then begin expanding to new locations in 2023. As part of the expansion, ECOBICI will grow from 6,500 to 9,300 bicycles and 480 to 687 stations. 

By providing a proven end-to-end technology solution that integrates both hardware and software and has been refined through learnings from tens of millions of rides, Lyft’s ecosystem enables cities to create the conditions to increase ridership on their systems.

Forward-Looking Statements

Certain statements contained in this announcement are “forward-looking statements” within the meaning of the securities laws, including statements about Lyft’s programs and initiatives and shared micromobility services. 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.