With rideshare on the rise, startups are also shaking up the bicycle transportation sector, including Zagster Inc.
The bike-sharing startup is expanding fast, and plans to roll out its program in several markets across the northeast this spring, Mobility Buzz has learned.
Cambridge, Mass.-Zagster opened up its program to Texas A&M University in College Station, Texas, this week, and earlier this month it also expanded to Carrollton, Ga. Now, the startup plans to expand into: Normal, Ill., in March; Longmont, Colo., in April; Cornell University in Ithaca, N.Y., in April; and Portsmouth, N.H., in May.
“Spring is a big time for expansion because of the nice weather,” Jon Terbush, Zagster’s communications manager, told Mobility Buzz, “and autumn, too, because college kids are coming back to campus.”
The launch in New Hampshire is particularly salient for the company since the company is based in New England and the opportunities to expand there can be challenging.
“It can be hard because of the seasonal nature of [New England],” Terbush said. “People don’t ride bikes when there’s bad weather.”
Bikes can be found and reserved via the free Zagster mobile app, and riders can access bikes using codes provided by the app or via text message.
The company currently has 140 programs with small and midsize cities, as well as colleges around the country. Zagster is also working on several deals right now, but Terbush declined to offer specifics.
The startup received $10 million in a Series B funding in early January, led by Edison Partners. The funds will be mostly used for product development and marketing, Terbush said.4 - Readers Like This Post