Starting Thursday, Lyft is adding dockless electric scooters to its transportation lineup in Dallas, making it the third city in Texas in which the company is offering scooters.
“Lyft is committed to a future where Dallas is built around people instead of cars—and scooters only help to further this movement locally,” said Odi Agenmonmen, Texas Market Manager for Lyft Bikes & Scooters.
The scooters will cost $1 to unlock and then 15 cents per minute of use. The company said the scooters will be built into the existing Lyft app, and riders can reserve a scooter in advance.
Lyft joins a group of scooter rental companies in Dallas including Lime, Bird, Uber JUMP, and Razor.
Lyft also raised $2.34 billion in its initial public offering Friday, Bloomberg reports. Shares opened at $87.24—21 percent above the IPO price of $72—and were trading up 12 percent Friday afternoon. The IPO gives the company an estimated market value of $23 billion.
Lyft announced the IPO in an email to its drivers Friday, writing, “As Lyft goes public today, we’d like to thank you and everyone who has helped us get here. We’d especially like to recognize our drivers — you bring our mission and our values to life.”
According to the email, Lyft is granting cash bonuses to dedicated drivers that can be used to purchase Lyft stock. For the broader driver community, the rideshare company is offering initiatives ranging from free banking services to flexible car rentals to free repairs and maintenance.
Lyft said that along with the launch, it will unveil its Community Pass that allows riders in low-income areas to ride for $5 a month. It also said it’s partnering with BikeDFW to supports its safety and sustainability-focused mission. The Community Pass is offered to anyone in the city who receives federal public assistance.
While scooters already are a common sight on downtown streets and sidewalks, some cities are wary of the devices.
For example, Frisco last year banned scooters before asking for research into a potential pilot program for them. The ban in December came after Bird Rides dropped off at least 200 scooters in the city.
Earlier this month, SMU announced that Lime was launched its Lime-S electric scooters on campus, offering students, faculty, and staff another campus transportation option. While scooters are allowed on the SMU campus, they’re prohibited in the rest of University Park.
This report was updated by Payton Potter at 2:07 p.m. on Friday, March 29.
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