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Car share firm Lyft acquires bike share firm Motivate

Uber-style car share firm Lyft has acquired Motivate, the largest bike share operator in North America. This follows Uber’s April acquisition of dockless bike-share firm Jump bike. Motivate operates 80 per cent of the "docked" bike share schemes in the US, including the hire schemes in New York’s Citibike, Chicago’s …

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