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Formerly |
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Company type | Private |
Industry | Bicycle-sharing systems |
Founded |
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Founder | Société en commandite Stationnement de Montréal (SCSM) |
Headquarters | , Canada |
Area served | Worldwide |
Brands | Iconic, Boost, Fit, E-Fit |
Owner |
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Website | pbsc |
Footnotes / references |
PBSC Urban Solutions, formerly the Public Bike System Company, is an international bicycle-sharing system equipment vendor with their headquarters based in Longueuil, Quebec. The company develops bicycle-sharing systems, equipment, parts, and software, and sells its products to cities in Canada, the United States, the United Kingdom, Spain, Brazil and more.[1][2][3] The company has sold about 100,000 bikes and 9,000 stations to 45 cities.[4][5][6]
Public Bike System Company (PBSC) was initially created by the City of Montreal[7][8] to supply and operate its public bike share system under the brand Bixi (later becoming Bixi Montréal), which was introduced in 2009.[9] The name 'Bixi' is a portmanteau of 'bicycle' and 'taxi'. Starting in 2010, PBSC began to export the Bixi brand of bike-share systems to various other cities.[citation needed]
Bruno Rodi purchased the international division in April 2014 and renamed the company to PBSC Urban Solutions.[10][11] (Montreal's on-the-ground Bixi bike-share operations were not included in the sale, and were reorganized under the Bixi Montréal name.) In 2015, he sold the majority share to Luc Sabbatini, who became CEO.[10]
On May 17, 2022, Lyft, Inc. acquired PBSC Urban Solutions for $160 million.[12]