Careem enters micro-mobility space with Cyacle acquisition

Dubai / Emirates Business

Careem has entered the micro-mobility space with the acquisition of UAE-based bikeshare service company Cyacle. Cyacle stations run 24-hours a day via an app, a touch screen kiosk and docking system that releases bikes using a ride code or a member key.
Careem’s CXO and co-founder Magnus Olsson said, “This deal means Careem will be able to improve micro-mobility in the region and simplify one of the most important mobility issues — the first and last mile problem. Increasing bicycle availability and expanding routes will transform how people commute, as well as offering micro-mobility solutions for short-distance trips.”