For this week's keep reinventing segment brought to you by HP we are taking a look at a new bike share player in the space. Zagster recently closed a $15 million round of funding, which it plans to use to expand its dockless program to new cities. The company's CEO Timothy Ericson explains how he is taking a conservative approach to the expansion efforts. "Right now we are really focusing on bring our bikeshare program Pace to communities who are willing to invest in bikesharing in the right way," says Ericson. "This allows riders to pick up and drop off bikes anywhere in the city." Ericson says Zagster works directly with communities to roll out its program, and integrate it with the transit program. Zagster partners include Princeton University, City of Rochester, and Roanoke.

Share:
More In Business
Stretching Your Dollar: How OneMain Financial is Teaching Kids About Credit
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
Potential Strike by Las Vegas Workers
Thousands of hospitality workers across 18 casinos in Las Vegas have announced they are set to strike if a new contract agreement is not reached by Friday, November 10.
Apple Beats Expectations in Latest Quarter
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
Load More