Bolt launches electric bike-sharing service in Paris

Bolt launches electric bike-sharing service in Paris

Like different ride-hailing firms, Bolt has been affected by the coronavirus-related lockdown and financial downturn world wide. But the corporate is looking for one other income stream by launching electrical bikes in Paris. Bolt plans to launch the same service in different European capitals this yr.

For the previous couple of weeks, the one bike-sharing service that has been working in Paris is Vélib’, the general public bike-sharing service primarily based on docked bikes and electrical bikes. Many personal firms have tried to compete with Vélib’ however they’ve all failed thus far —, Obike, Ofo, Mobike…

The most up-to-date instance is Jump, Uber’s micromobility subsidiary. Following a monetary transaction with Lime, Jump has eliminated all its bikes from the streets of Paris, London, Rome, Brussels and extra. Those electrical bikes now belong to Lime, however Lime hasn’t relaunched the service but (if it ever will get relaunched).

Lime closes acquisition of Jump property in Europe as Jump bikes and scooters disappear

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But it doesn’t imply bikes aren’t fashionable. The public bike-sharing service in Paris is even reaching document highs as of late. Let’s see if it signifies that persons are prepared to provide Bolt’s e-bikes a attempt.

In addition to ride-hailing and scooters, you’ll have the ability to entry the bike-sharing service from the identical Bolt app. Like different free-floating automobiles, you possibly can unlock a motorcycle by scanning a QR code.

When it involves pricing, Bolt is attempting to make its service as low-cost as doable to draw its first customers. There received’t be any unlock charge and it’ll price €0.10 per minute. It’s nonetheless unclear how a lot it’s going to price after the launch section.

Vélib’ nonetheless feels extra enticing with regards to pricing. It prices €2 to lease an e-bike for as much as 30 minutes, or €8.30 per thirty days to lease as many e-bikes as you need in a given month. With Bolt, you pay €2 for a 20-minute journey — and that’s with none unlock charge.

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Bolt has 30 million customers in 35 international locations. It operates a scooter service in 21 cities round Europe.


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