Lime places Leap bikes again on London streets

Leap bikes are returning to London — this time via its new proprietor Lime .

London is the primary metropolis in Europe to see Leap bikes return since Uber offloaded the corporate to Lime in a posh deal that unfolded in Could. Lime raised $170 million in a funding round led by Uber, together with different current traders Alphabet, Bain Capital Ventures and GV. As a part of the deal, Lime acquired Leap, the electrical bike and scooter division that Uber acquired in 2018 for round $200 million.

When the deal closed with Lime, hundreds of Leap bikes have been scrapped in the USA and the whole Leap group — some 400 workers — misplaced their jobs. Lime closed the acquisition of Leap in Europe a number of weeks after the transaction closed within the U.S. Till now, it was unclear if the Leap bikes in Europe would endure the identical destiny as their counterparts in the USA.

Hundreds of Leap bikes have been pulled off the streets in European cities reminiscent of Berlin, Brussels, Lisbon, London, Madrid, Malaga, Munich, Paris, Rome and Rotterdam. It’s unlikely that Lime will put Leap bikes again in all of those cities. Sources have stated Lime plans to redeploy Leap scooters and bikes in London, Paris, Rome and Barcelona. In the present day’s announcement seems to be step one.

For now, the Leap bikes shall be accessible within the Uber app in London. The Leap bikes shall be added to the Lime app at a later date because of ongoing programs integration, the corporate stated. The fleet dimension will begin at round 100 e-bikes and can develop based mostly on demand. Pricing shall be £1 unlock and 15p per minute thereafter. Bikes shall be deployed in Camden and Islington, Lime stated.

Demand for bikes seems to have prompted Lime to deliver Leap again into service. The corporate stated that since lockdown restrictions have eased, Lime’s e-bike rental service has seen report utilization. The micromobility firm stated customers are taking longer journeys and the bikes are getting used extra often. Lime additionally recorded its highest-ever utilization in a single day over a weekend in mid-June with greater than 4,000 new customers. Lime stated its e-bike community has now facilitated over 1.5 million journeys throughout London.

The reintroduction of Leap bikes in London is a part of a broader plan by Lime to extend its presence within the metropolis. Earlier this week, the UK introduced that an e-scooter pilot program would start Saturday. Lime stated it has partnered with world insurance coverage big Allianz to supply protection for Lime e-scooter riders within the UK. Lime stated it co-designed a two-year security marketing campaign with Allianz that may run till March 2022.

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