Low-cost, flexible transportation service that provide on-demand access to a network of rentable bicycles for the public.
Bike share programs offer low-cost, flexible transportation services that provide on-demand access to a network of rentable bicycles for the public. These public bicycles are distributed across a service area at fixed destination-based stations. Members of the public may access the shared bicycles for a membership or use fee and ride them from station to station. Bike share encourages the use of bicycles as a form of public transportation and reduces reliance on fossil fuel-based forms of transportation.
Successful bike share programs in the country include Nice Ride Minnesota, Capital Bikeshare in Washington D.C. and DecoBike in Miami Beach. Recently launched programs include Citi Bike in New York City, Divvy in Chicago and Bay Area Bike Share in San Francisco.
Bikeshare Hawaii aims to launch Honolulu’s initial bikeshare program, Biki, covering Honolulu and Waikiki with approximately 1,000 bikes available to ride between nearly 100 stations. Biki is a not-for-profit 501(c)(3) organization aiming to launch summer 2017.
Why We Invested
Ulupono Initiative believes Bikeshare Hawaii aligns with our goal to reduce vehicle miles traveled (VMT) per capita and displace the amount of gasoline used by Oahu commuters.
- Reduces reliance on fossil fuel-based forms of transportation.
- Reduces vehicle miles traveled (VMT) per capita and displaces the amount of gasoline used by Oahu commuters.
- Approximately 1,000 bikes available to ride between nearly 100 Bikeshare Hawaii stations.
At a Glance
- Investment Area
- Energy, Transportation
- Investment Model
- Total Investment