Electric Citi Bikes are Back in New York City - TheStreet

Electric Citi Bikes are Back in New York City

Author:
Publish date:
Video Duration:
29

Lyft's  (LYFT) - Get Report e-bikes are back on the streets of New York City.

The company announced that several hundred e-bikes have started rolling out in New York City.

In April 2019, the company had to pull out thousands of e-bikes off the street of New York City, San Fransisco and Washington D.C. when "some riders experienced stronger-than-expected braking force on the front wheel."

The company said that the issue has been addressed now.

"Those issues led us to work with a new battery supplier while we simultaneously redesigned the bike’s brake setup," the company said.

The company has also made changes in pricing. 

Annual Citi Bike members will be charged $0.10 per minute whereas non-members will be charged $0.15 per minute.

The company first introduced its e-bikes in New York City in August 2018.

Catch up on the Latest Videos on TheStreet!