Bicycle handlebar a steep U-shape from the base, so that the rider's hands rest above waist-level. This style of bicycle handlebar became very popular in the 1960s after the introduction of wheelie bikes such as the Schwinn "Sting-Ray", Raleigh Chopper, and other highly stylized youth bicycles that imitated the appearance of drag-racing or chopper motorcycles of the day. Legislation in the United States introduced during the 1970s limited the maximum height of manufacturer-installed handlebars to 16 inches above the lowest seat setting; European Union safety regulations use a similar limit of 400mm. The apehanger style remained common in the US through the
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