Zagster, the nation’s leading provider of modern, flexible bike share services, has secured $15M in growth capital, increasing its total funding to $32.2M. The additional funding will be used to accelerate the nationwide rollout of the company’s new dockless bike sharing service, Pace, and to further innovate on the only dockless platform that promotes not only bike sharing, but personal cycling as well. The round was led by Edison Partners, a leading growth equity investment firm.
Also announced today is Pace’s all-new smart bike and parking platform — custom designed and engineered to support Pace’s “lock-to” bike sharing model while also providing cities and colleges with infrastructure to promote an overall bike-friendly culture. Coming to new Pace bike shares beginning this spring, the new bike and parking platform features... READ MORE