Lyft is recycling its e-bike and scooter batteries with ex-Tesla founder’s firm

Citibike bike sharing station, Manhattan, New York City
Photo by: Lindsey Nicholson / UCG / Universal Images Group via Getty Images

Lyft is partnering with Redwood Materials, a battery recycling company founded by a former Tesla executive, to ensure its fleet of shared e-bikes and scooters have a second life.

It’s a noteworthy deal considering Lyft’s status as the largest electric bike-share operator in North America thanks to its bike-share business, including the extremely popular Citi Bike in New York City. The company claims that Citi Bike was the “25th most-ridden transit network in the United States.”

Redwood Materials was founded in 2017 by Jeffrey “JB” Straubel, a co-founder and former chief technology officer of Tesla. In addition to breaking down scrap from Tesla’s battery-making process with Panasonic, Redwood also recycles EV batteries from Ford, Toyota,…

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Author: Andrew J. Hawkins