Tag Archives: Divvy

Bixi Goes Bankrupt; What Happens Next?

A row of Bixis stands waiting for lunchtime riders in Montreal.

A row of Bixis stood waiting for lunchtime riders in Montreal last fall. Will Bixi be back?

By Frederick Meier

The shock wave traveled across the bicycling community on social media Monday afternoon, when the word came out of Montreal: Bixi, the big name in bike sharing, had filed for bankruptcy protection. Andy Riga, the Montreal Gazette‘s ace transportation reporter, was all over the story (read his coverage here).

The city of Montreal essentially forced Bixi into Canada’s version of Chapter 11 protection, basically in order to give the troubled company a chance to restructure $50 million in debt.

The move has ramifications across North America, because Bixi is the operator of multiple bike sharing programs including Citi Bikes in New York, Divvy Bikes in Chicago, and of course, the eponymous Bixi system in Montreal. (Read our story about bike sharing in Toronto Montreal here.)

Bixi, in fact, is owed $5.6 million by New York and Chicago, which have refused to make payments because of recurrent problems with Bixi-operated software.

We’ve put together a list of the best Bixi stories from yesterday and today, so you can get up to speed on what happened and what’s likely to happen next. Continue reading

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