CAMBRIDGE, Mass. (October 19, 2017) — Zagster, the nation’s leading provider of public and public/private bike share systems, today announced that its CEO Timothy Ericson is one of the Boston Business Journal’s 2017 40 Under 40 honorees. The annual award list, which spotlights the most successful young leaders in Greater Boston, received nearly 350 nominations this year. It’s the second “40 under 40” award for Ericson this week; two days ago, the Association for Commuter Transportation named Ericson one of the nation’s top 40 transportation leaders under 40 years of age.
“It’s an honor to be sharing the Boston Business Journal award with the other business and community leaders, but this award reflects as much on me as it does on the team at Zagster and our bold mission to make the bicycle the most loved form of transportation,” said Ericson. “I want to thank my team and the BBJ for this wonderful recognition.”
The award comes amid a wave of growth and success for the bike sharing company. Last year, Zagster achieved 300 percent growth in implemented programs; 400 percent growth in deployed bikes; and 300 percent growth in staff. Earlier this year, Zagster closed a $10 Million Series B Round of Funding led by Edison Partners, a leading growth equity capital firm. The company also launched a new mobile app that simplifies and improves the overall user experience for the company’s 100,000 riders nationwide.
"This is the Boston Business Journal's 20th year of recognizing 40-under-40 honorees, so the class this year has special meaning for us here at the BBJ," said Carolyn Jones, the Business Journal's market president and publisher. "We look forward to sharing all of honorees’ extraordinary personal stories and celebrating their achievements along with their coworkers, friends and family in October."
Founded in 2007 and headquartered in Cambridge, Mass., Zagster is the largest and fastest-growing bike-share provider in the United States. Zagster operates more than 200 bike share programs in 35 states across North America and specializes in making bike sharing available in areas where traditional bike share providers can't reach. Unlike other programs in which riders must drop off bikes at designated stations for every stop, Zagster’s programs give users the freedom to ride as long as they want, wherever they want. And because Zagster manages all aspects of its programs — from bikes and technology, to maintenance and marketing — Zagster partners can create and deploy scalable bike-share systems that best suit their needs and work within their budgets.
More information about Zagster and its programs can be found at www.zagster.com
Media contact for Zagster
Jon Terbush, Zagster communications manager