Raleigh Chopper response to the Schwinn Sting-Ray, and an earlier attempt, called the Rodeo, which was not commercially successful. The popularity of the Chopper also led to a range of smaller bikes following a similar design theme. These included the Raleigh Chipper, Tomahawk, Budgie and Chippy models, aimed at younger riders. The Chopper's patent was applied for in the US in 1967. The Chopper was introduced at American trade shows in January 1969 but it was not until April 1969 when Raleigh Choppers were available for public to purchase. The bike featured a choice of a single-speed coaster hub, or a 3-speed
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