The report found that nationwide, 40 per cent of rides start or stop at public transit stations
The first bike-sharing industry report from LimeBike, which has analysed data from more than one million rides, has revealed that rides, on average, cost $5-$7 less per mile travelled than ride-sharing and $0.59 less per mile than driving.
According to the US dockless smart bike-sharing company, if constituents who typically use ride-sharing services to commute to and from work replace just one mile of their daily commute with a LimeBike ride, they’ll save $1,300-$1,800 annually.
Data for The Year End Report was taken from 35 regional deployments in cities and college campuses across the US including Seattle, Washington DC, Dallas and Miami.
LimeBike shares its aggregated and anonymised data with local officials in many markets to provide transparency, along with valuable insights into transit and commute patterns across local communities. Cities and college campuses are using this data to make improvements for their constituents.
For example, LimeBike found that nationwide, 40 per cent of rides start or stop at public transit stations. LimeBike claims this shows that its fleet augments existing public transportation infrastructure and helps cities provide a first and last mile transportation solution.
In terms of connecting campuses and mobilising students as a result of reduced fees the number of trips per active student LimeBike rider is 54 per cent higher than the national average while rides are typically 30 per cent shorter than the national average.
LimeBike claims a 60 per cent national retention rate for its dockless bike sharing service with an average riding time of 7:25 minutes, covering 0.99 miles.
Meanwhile in Seattle, 45 per cent of rides start or stop near public transit stations with 11 per cent using the bikes during the morning rush hour while 54 per cent use LimeBikes during the evening rush hour. There the average riding time is 7.5 minutes, covering a distance of one mile. This equates to 220,00 cumulative miles ridden annually.
If you like this, you might be interested in reading the following:
LimeBike launches in EU
It is the first US-based dockless bike-share service provider to expand internationally, beginning in Frankfurt and Zurich
LimeBike builds its network to shape urban mobility
Advisors will work with LimeBike executives to use bike-sharing to address cities’ transportation issues
Dockless in Seattle
It is the second bike-sharing service to launch in the city this month