New York City: Citi Bike To Triple Fleet Size And Double Zone as Lyft Coughs Up $100M

Competitors are furious as city extends monopoly to Citi Bike for another five years.

Citi Bike will triple its current fleet of 12,000 bikes — and double the system’s coverage area — as part of a five-year, $100-million investment from the company’s new owner, Lyft, to grow the largest bike share system in North America.