After launching in 2013, the bikeshare system in Columbus, called, CoGo, has expanded facilities and increased ridership. Profitability is expected soon, too.
"Columbus' growing bike sharing system is rolling toward profitability — it’s just not there yet," reports Jeremy Hill.
"CoGo's 46 bike-rental stations are operated by Brooklyn-based Motivate Co., and any profits that it earns are to be split evenly with the city of Columbus," adds Hill. "It hasn’t yet cleared a profit, but it’s getting closer, and the system is expanding."
The article includes a lot more detail about the CoGo system's track record so far and its ongoing expansion.
Read the full story: CoGo has yet to turn a profit, but the bike-share business says it’s turning the corner
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