Start Your Free Trial

Providing evolved investors and entrepreneurs with the information needed to build businesses that advance people, planet and profit. Get free access for 7 days - no credit card required.

Start Your Free Trial

Join Karma Today

Gain access to our entire library of content for a limited time - no credit card required.

How Bike-Sharing Companies Are Staying Innovative

Innovation is moving fast in the bike-sharing segment. The first large citywide schemes in Paris, London, and New York used docking stations. But dock-based rentals have two key disadvantages over free-floating fleets: they are less convenient and much more expensive. In the Washington D.C. program, it costs $3,700 for each bike and its dock. By comparison, dockless e-bikes cost a few hundred dollars, with prices declining rapidly.


Furthermore, docked bikes are far more susceptible to technical malfunctions. Last year, bike-share riders plummeted from 290,000 to 220,000 in Paris after an “upgrade” to the fleets of bikes and docking stations went poorly. The new operator, a French-Spanish consortium called Smovengo, fell months behind schedule in installing the 1,400 new stations – many of which were beset with electrical and software problems.

Join Karma Today

Gain access to our entire library of content for a limited time - no credit card required.

THIS ARTICLE IS EXCLUSIVE TO

Karma Members

arrow-right-light

Industry News

Every day, we break down the most significant private market headlines and deals.

arrow-right-light

Company & Investor Profiles

Conversations with investors and entrepreneurs we are keeping an eye on.

arrow-right-light

Perspectives from Thought Leaders

Opinions from our network on the risks and opportunities seen in key business sectors.

What is Karma Network?

Karma is a content platform for opinion and analysis from today’s leading investors, entrepreneurs and analysts on the risks and opportunities surrounding industry-shaping businesses and ideas.