Raleigh Bicycle Company the mid-1960s, TI–Raleigh owned Brooks (one of the oldest saddle makers in the world), Sturmey-Archer (pioneer of 3-speed hubs), and Reynolds (maker of 531 tubing). Carlton, which had been unable to make inroads in the USA market after a failed rebranding deal with Huffy, found success in the late 1960s by recasting itself as "Raleigh-Carlton", a Raleigh-logo'd bike with some Carlton badging, and using the US dealer network to import and distribute bikes. The Raleigh Chopper was designed by Nottingham native Alan Oakley, though this has been disputed by Cambridge designer Tom Karen. The Chopper was patented in the UK
Citi Bike would be acquired by the ride-sharing company Lyft in 2018.) The increase of funding included $5 million from Bikeshare Holdings; $70.5 million from a 10-year extension of the Citigroup sponsorship; and $15 million from the Goldman Sachs Urban Investment Group. As part of the restructuring deal, Walder moved the company headquarters from Portland, Oregon, to New York City. The Citi Bike system would continue to be operated by NYC Bicycle Share, a subsidiary of Alta Bicycle Share. By 2017, Citi Bike would expand its operations by 6,000 bikes and add 375 new docking stations. This agreement also calls for improvements