Yuka Yoneda

Will Citi Bike Be Affected by the Bankruptcy of the Company That Developed Its Bike Sharing Tech?

by , 01/22/14

bankruptcy, bike sharing, bike sharing in NYC, bike sharing software, Biki, bixi, bixi bankruptcy, bixi bike, bixi bike bankruptcy, citi bike bankruptcy, citibike, Citibike bike sharing, Montreal

News that the company that helped develop the tech behind NYC’s Citi Bike system has filed for bankruptcy has many wondering how the bike sharing program will be affected. Bixi, a Montreal-based non-profit that also helped set up bike shares in other cities like Chicago, owes Canadian tax payers close to $50 million. But what does that mean for the future of Citi Bike?

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