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E-bikes have reached a market share of 10% by 2009, as e-bikes sales quadrupled from 40,000 units to 153,000 between 2006 and 2009, [84] and the electric-powered models represented 25% of the total bicycle sales revenue in that year. [83]
Spin was founded in 2016 as Skinny Labs, Inc. and announced in January 2017, hoping to bring Chinese-style dock-less bicycle sharing to the United States. [1] Spin raised $8 million in Series A venture capital financing led by Grishin Robotics in May, during preparation for a wider rollout in other cities. [2]
[6] [8] The bicycle would eventually come to be known as a paperboy bike or cruiser. Schwinn was soon sponsoring a bicycle racing team headed by Emil Wastyn, who designed the team bikes, and the company competed in six-day racing across the United States with riders such as Jerry Rodman and Russell Allen.
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This is a list of bicycle-sharing systems, both docked and dockless. As of December 2016, roughly 1,000 cities worldwide have bike-sharing programs. As of December 2016, roughly 1,000 cities worldwide have bike-sharing programs.