Raleigh Bicycle Company used by the Raleigh professional team of the 1970s. Presently Raleigh as a company owns the Diamondback Bike brand as well. During the 1980s Raleigh also supported British professional teams, including "Raleigh Banana" and "Raleigh Weinmann". Raleigh's most notable riders were Paul Sherwin, Malcolm Elliott, Mark Bell, Paul Watson, Jon Clay and Jeff Williams. It also sponsored a mountain bike team in the early 1990s that also raced in road events. In 2009 it was announced that the company would be creating a new Continental-level cycling team called Team Raleigh. The Team were co-sponsored by the global shipping and logistics
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