It will soon be greener to get on one of the blue wheels in New York City.
Starting Jan. 28, the annual Citi Bike membership will cost $ 185 plus tax, up from $ 179, according to an ad quietly posted on the bike section’s website. That’s about a 3 percent jump.
Membership electric bike tours will cost 15 cents per minute, compared to 12 cents, although tours that begin or end outside of Manhattan will still be subject to $ 3 plus tax.
Non-members will pay $ 3.99 per ride, compared to $ 3.50, and more for electric bikes as well.
Jordan Levine, a spokesman for Citi Bike, said the price increase was “inflation due to increased supply chain costs,” which he said “has had a significant impact on us similar to many other parts of the economy.” .
In particular, bicycle parts have increased in cost as Citi Bike aims to add thousands of new springs to the system and launch a new model of electric bicycle.
A frequent Citi Bike rider, who declined to be named, said the increase would kill his team.
“I just want to move around the city without having to pay more. Cycling is great, but it’s a little less great when it costs more, “he said.
Eric Finkelstein, the first Citi Bike rider to visit the more than 1,500 stations, said he was not concerned about the price increase.
“Citi Bike changed my life in New York for me, so I don’t care about the increase. While it’s a reminder that their fundamentals haven’t changed, entire neighborhoods haven’t had bicycles or docks available in a long time. “I wonder if the continued expansion of these price increase funds will help with that,” he said.
Citi Bike is owned by Silicon Valley girlfriend Lyft, who acquired the parent company of the bike segment in 2018. At the time, it pledged to invest $ 100 million in expanding the Big Apple bike segment; $ 87 million of that amount had been invested in September, according to the stock exchange.