CAMBRIDGE, Mass. (October 18, 2017) — Zagster, the nation’s leading provider of public and public/private bike share systems, today announced that the Association for Commuter Transportation has named Zagster CEO Timothy Ericson to its “40 Under 40” list of top transportation professionals.
The ACT award recognizes “ambitious leaders who are working to find creative solutions to improve quality of life of commuters and the livability of communities.” For Ericson, that means guiding a company that pioneered smart-bike technology — an app-based model that reduces the cost and complexity of bike sharing — which enabled the service to reach new communities and riders. Today, Zagster operates more than 200 programs in 35 states — more than any other provider.
“It’s an honor to be recognized among my peers in transportation, and incredibly invigorating to see so many others dedicated to the same goal — vibrant, sustainable and efficient cities — as we are at Zagster,” said Ericson. “All of us know that the pathway to great cities runs through better transportation, and we’re committed to making Zagster and bike sharing a critical component of urban mobility in cities around the world.”
The selection of Ericson comes in 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.
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