Welcome, Guest: Join Nigeria Student Forum / Login / Trending Now / Recent / Advertising Rates / Advertise Here

Stats: 15,062 members, 53,605 Topics, 12,411 Comments. Date: December 19, 2018, 6:38 am

NSF Banner Ads NSF Banner Ads NSF Banner Ads
Odebunmi Victor
Lime launched in the United Kingdom today, starting with a group of dockless electric-assist bikes in a Milton Keynes shopping center. The San Francisco-based startup says it plans to expand into more UK cities over the next few weeks.

As in other markets, users in Milton Keynes find and unlock Lime’s bikes, which use battery-powered motors to reduce pedaling and travel further distances, through a mobile app. Bike rides cost £1 (about $1.28) to unlock and an additional 15 pence per minute of riding time and will be available first at intu Milton Keynes Shopping Centre.

Backed by investors like Uber, GV, and Andreessen Horowitz with $467 million in funding so far , Lime recently said it had hit a milestone of 11.5 million rides , only 14 months after its bikes first became available to riders. The company already operates in 100 markets through the United States and Europe and plans to launch in 50 new cities by the end of this year.

But LIme’s rapid growth hasn’t come without bumps. Along with competitors Bird and Spin, Lime was one of the companies involved in San Francisco’s war on electric scooters when they ran afoul of the city’s Municipal Transportation Agency (SFMTA). The SFMTA said e-scooters created obstacles and potentially safety hazards. This ultimately resulted in Lime being denied an e-scooter permit in August , a decision it appealed .

By choosing Milton Keynes as its first UK city, however, Lime intent on preventing conflicts by working with a city that is more receptive to transportation startups. Milton Keynes was the site of an initiative called MK: Smart to integrate more Internet of Things hardware. The project was followed by CityLABS , a program that supports data and IoT startups. In its announcement, Lime said it “will be working closely with city leaders and stakeholders to ensure the fair and respectful distribution of the service across the area.”
Lime Launches Electric-assist Bikes In Its First UK City - Entertainment & Celebrities Gists

Don't miss Any Updates: Download the Ngstudentforum app for Android Devices

0 Like

Don't have an account? Use the form below to signup for a Nigeria Student Forum Account and start earning for every posts and comments.


Sponsor: 0
Full Name:
Email:
Username: E.g Seuncoded
Password:
Confirm Password:
Country:


I agree to the terms of service

Viewing this topic:
1 guest viewing this topic
NSF Banner Ads NSF Banner Ads NSF Banner Ads
Download the Ngstudentforum app for Android Devices

Nigeria Student Forum - Copyright © 2016 - 2018. Fadeyi Oluwaseun All rights reserved. - See How To Advertise
Disclaimer: Every Nigeria Student Forum member is solely responsible for anything that he/she posts or uploads on Nigeria Student Forum.