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CitiBikes parked at a station in Manhattan. Photo: Epics/Getty Images

Uber is considering a takeover offer for Motivate, the bike-share company behind such programs as CitiBike in New York and Ford GoBike in San Francisco, Axios has learned. This comes on the heels of a report that Lyft has made its own bid for Motivate, valued at $250 million of more.

Bottom line: Ride-hail companies are seeking to expand their urban offerings, whether that be via bikes, flying taxis or scooters.

  • Uber recently acquired Jump, which has an exclusive permit for San Francisco's dockless bike-share program.
  • Motivate operates "docked" programs in eight U.S. cities: Boston, Chicago, Columbus (Ohio), Jersey City, New York, Portland (OR), San Francisco and Washington, D.C.
  • It reports 3.18 million total rides taken in May 2018.
  • Brooklyn-based Motivate has raised nearly $50 million from firms like Generation Investment Management, according to PitchBook.

An Uber spokesman declined comment.

Go deeper

Tech dominates highest paying pandemic internships list

Illustration: Annelise Capossela/Axios

In the past year as the pandemic raged on, some of the world's most valuable companies continued to grow and compensate their workers well above national medians – interns included.

Driving the news: Workplace review platform Glassdoor published its 2021 report today on the 25 highest paying U.S. internships.

Biden on Afghanistan: "It is time to end America’s longest war"

Photo: Demetrius Freeman/The Washington Post via Getty Images

President Biden will say in a speech Wednesday that it's "time to end America’s longest war," as he sets out plans to withdraw all U.S. forces from Afghanistan by Sept. 11, according to prepared remarks.

Driving the news: "I am now the fourth American president to preside over an American troop presence in Afghanistan. Two Republicans. Two Democrats. I will not pass this responsibility to a fifth," Biden will say. "It is time for American troops to come home."

Bernie Madoff dies in prison at 82

Photo: Jin Lee/Bloomberg via Getty Images

Bernie Madoff, a former investor sentenced to 150 years in prison for perpetrating the largest Ponzi scheme in U.S. history, died Wednesday at age 82, AP reports.

The big picture: Madoff pleaded guilty in 2009 to a multibillion-dollar scheme that investigators said began in the 1970s and defrauded as many as 37,000 people in 136 countries — including high-profile victims like Steven Spielberg, former New York Mets owner Fred Wilpon and actor Kevin Bacon, according to CNBC.

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