Why invest in electric bikes?

In the ongoing search for alternatives to the car, a solution is needed to revolutionize urban mobility: electric bicycles in car sharing. A vision shared by Tangerine Bank, which announces a strategic collaboration with BIXI, just in time for summer.

Powerful, ecological, durable and practical, BIXI electric bicycles have become a resolute modern choice. Statistics testify to their growing popularity: they are used 24% more often than ordinary bicycles.

With that in mind, Tangerine Bank has partnered with BIXI to improve its electric bike program. Through this agreement, the financial institution aims to promote a greener option for transportation and revolutionize the way Montrealers develop within their city.

All over the world, the trend towards sustainable mobility is growing. The Montreal area has every advantage of becoming a leader in this field. Here are the top reasons why we collectively invest in car sharing.

for easy access

BIXI electric bicycles make urban travel easier by providing a flexible alternative to a car. Their motor provides extra assistance to cyclists, which is very useful during a longer course or featuring hills for example. Regardless of their physical condition, most people can use it without worrying about intensity or effort.

If car-sharing bikes are practical, then deploying a large fleet is crucial to the development of this service. This is why Tangerine Bank has partnered with BIXI to continue expanding its network of electric bikes.

for a sustainable city

Since our lifestyles have a significant impact on the health of the planet, every gesture counts to reduce our environmental footprint. “At Tangerine, all of our initiatives are meant to move people further, and our partnership with BIXI is the perfect opportunity to move Montrealers in the right direction,” explains Jillian Riley, President and CEO of Tangerine Bank. In fact, electric bikes run on electricity, which means that in addition to being a very efficient mode of transportation, they don’t emit greenhouse gases (GHGs). “This partnership will, in turn, help deliver a sustainable future for Montreal,” continues Ms. Riley.

for graceful movements

Not only does the development of dedicated infrastructures for these modes of transportation have the advantage of a more sustainable city, but also increased mobility.

Here, as elsewhere in the world, more flexible travel is commonplace. Deloitte revealed that this phenomenon is on the rise in some European cities, including London and Copenhagen, in its report. TMT Predictions 2020. It shows that, on average, electric bike users spend less time in traffic than car drivers.

Montreal is also doing well in North America, with a network of more than 2,600 electric bikes. “BIXI offers cyclists an easier way to get around Montreal’s diverse neighborhoods,” added the president and CEO of Tangerine Bank. By investing in BIXI, Tangerine is supporting a promising future for Montreal; Greener and less cluttered. »

For better health

In addition to its environmental and practical benefits, electric bike sharing also promotes the health and well-being of cyclists. E-bike trips provide a great opportunity for daily physical exercise. They encourage an active lifestyle, reduce stress and improve cardiovascular health.

By embracing this trend, we can create cities that are more sustainable, while improving our quality of life. So why not ride an electric bike today?

For more information about the strategic collaboration between Tangerine and BIXI, visit tangerine.