Zagster pitches smart cities a dockless bike share without the headaches

On Thursday, the founder and CEO of Zagster, Timothy Ericson, said his new bike network, branded as Pace, will offer all the convenience of dockless bike sharing but without its typical problems. Bike sharing isn’t a new concept, but with the emergence of the sharing economy, the Internet of Things and smart city transportation, cities and tech startups are rethinking the old rent-a-bike business models with apps and other tech that enable easy inner city transit. The multi-modal approach gives residents an array of options that city officials hope lead them away from congestion-causing personal vehicles.