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,…