Lyft debuts new bike design as it completes Motivate acquisition

Lyft debuted the design of its new bike on Thursday after wrapping up its acquisition of bike-sharing startup Motivate.

The ride-hailing company announced the acquisition in July, saying Lyft would acquire Motivate’s technology and corporate functions and the company would be known as Lyft Bikes. Motivate’s bike maintenance and servicing operations would remain a standalone business and keep the Motivate name, the company said.

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