May 30, 2017 8:36 AM ET

Road and Rail

Company Overview of Zagster Inc.

Company Overview

Zagster Inc. designs, builds, and operates private and public-private bike sharing programs. It focuses on contracting with property managers, hotels and resorts, universities, small cities, real estate/multi-family companies, higher education institutions, corporate campuses, and other businesses to provide bike sharing programs to tenants, employees, guests, students, and residents in North America. The company offers a mobile application that enables riders to unlock, ride, and return bikes. It also offers maintenance and rider support services. Zagster Inc. was formerly known as CityRyde LLC. The company was founded in 2007 and is based in Cambridge, Massachusetts.

25 First Street

Cambridge, MA 02141

United States

Founded in 2007

Phone:

202-999-3924

Key Executives for Zagster Inc.

Co-Founder and Chief Executive officer
Director of Operations
Regional General Manager
Director of Sales
Compensation as of Fiscal Year 2016.

Zagster Inc. Key Developments

Wichita Joins National Bike Share Trend with Zagster

The City of Wichita will have a new transportation system starting May 4. BikeShareICT will make 100 cruiser bikes available for Wichitans to use for on-demand local trips from 19 stations throughout downtown Wichita. BikeShareICT leverages Zagster to supply the bikes, bike stations, and the app that gives users access. Annual memberships are $30. College student annual memberships are $20. Riders can also borrow bikes for $3 per hour.

Zagster Moves into New Headquarters

Zagster announced it has moved into new corporate headquarters in Cambridge, Massachusetts. Located at 25 First Street in a building shared with other leading tech companies, the new office encompasses more than 11,000 square feet, enough to house Zagster's 45 employees with ample room for growth. (Zagster anticipates its workforce will grow by one-third over the remainder of 2016.) The new space features expansive bike-themed murals painted by in-house staff; beer, cider, and cold-brewed coffee kegs; an open meeting space with amphitheater-style seating; and, because Zagster is a company whose mission is to promote cycling, on-site showers and a bike lab stocked with tools.

Zagster Mulls Financing

Zagster Inc. is seeking financing. It's been about a year since the company's most recent investor funding and another capital raise isn't out of the question. Timothy Ericson, the owner said in a statement. But he didn't disclose a timeline.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 23, 2016
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