Bike Nation to Make Four Thousand Bicycles Available For Use By Los Angeles Commuters

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April 15, 2012 (Los Angeles, CA) – At the CicLAvia event in downtown Los Angeles today, Los Angeles Mayor Antonio Villaraigosa announced plans for a bike sharing demonstration project in the City. In the spirit of Mayor Villaraigosa's invitation for "Angelenos to get out of their cars and on to the streets," Bike Nation, the only Southern California-based bike share company, plans to install 400 kiosks with a total of 4,000 bikes throughout the City of Los Angeles, with the first kiosks expected to be in operation during the fourth quarter of 2012. "Bike share programs have proven successful in urban areas around the world and in major cities in the United States," stated Navin Narang, Founder, Bike Nation. "We are excited to work with the City of Los Angeles to implement this demonstration project and provide healthy, low-cost transit options and connectivity between transit connections, business centers and regional destinations." The bicycle sharing demonstration will be a service in which bicycles are made available for public use and are checked-out and returned to self service kiosks. The usage fees for the bicycle share system are incentivized for turnover and trips of less than 30 minutes in duration. Bike Nation will create a system that is safe, efficient and dependable and will provide well-trained, supervised staff and maintenance crew to operate the system.

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