Lyft acquired the bike-share company Motivate in 2018.
Motivate was a major North American bike-share operator behind systems including Citi Bike in New York and Ford GoBike in the San Francisco Bay Area. Lyft announced the deal in July 2018, as ride-hailing companies were expanding into bikes, scooters, and other forms of short-distance transportation.
The acquisition closed on November 30, 2018, making 2018 the relevant year whether the question refers to the announcement or the completed transaction. Lyft paid about $250 million and obtained Motivate’s operating contracts, technology, and relationships with cities.
A common mix-up is confusing Motivate with Uber’s acquisition of JUMP, another bike-sharing company. JUMP was acquired by Uber in 2018, while Motivate became part of Lyft. Lyft later branded many of its bike-share services under the Lyft name, although the systems continued to operate through city partnerships.