Bike-share company to rent out electric bicycles in Seattle

SEATTLE -- A bike-share company will soon begin to rent out electric bikes in Seattle.

The Seattle Times reports LimeBike announced Monday that it will launch a fleet of 300 to 500 electric-assist bicycles between late January to early February.

The bikes' rechargeable batteries can power a 205-watt motor for 62 miles on a single charge. They can reach a speed of about 15 mph.

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The electric bikes will reportedly cost $1 to unlock, plus another $1 every 10 minutes. The rate for regular bikes is $1 per half hour.

LimeBike head of marketing Caen Contee says they plan to increase their number of electric bikes in the future.