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.