JPMorgan Cuts Price Target Of Three Electrical Equipment Companies

TechCrunch

Lyft doubles micromobility footprint with PBSC acquisition

Lyft has signed an agreement to acquire PBSC Urban Solutions, a Canadian supplier for bikeshare equipment and technology, in a move that the company says will double its scale in micromobility. Last month, Lyft partnered with Tier-owned Spin to bring Spin’s electric scooters to the Lyft app in 60 U.S. markets by the end of the year. The PBSC acquisition, which Lyft announced on Tuesday, will bring to Lyft’s repertoire the company’s 7,500 stations and 95,000 bikes that are scattered throughout 45 markets in 15 countries.