Wikipedia
Nextbike was a bicycle rental scheme in New Zealand, franchised from the German Nextbike company. It operated in the CBD and central suburbs of Auckland City from 2008 to 2010. Due to lack of sufficient advertising revenue, the company ceased operations in that year after failing to win emergency funding from the new Auckland Council. However, it is expected to make a bid for a newly tendered contract by Council to provide a public bike rental scheme, as the bikes of the scheme are still present in storage.
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nextbike is a German company that develops and operates public bike-sharing systems. The company was founded in Leipzig, Germany, in 2004. It operates about 30,000 bikes in Germany and several other countries around the world such as USA, UK, New Zealand, Poland, Croatia, Dubai, Austria and Switzerland. The headquarters as well as the production facilities with about 100 employees are based in Leipzig. The bicycles and stations are maintained by local service partners.
The bike sharing schemes can be initiated by cities and franchise partners. The operating costs are financed by rental fees and the sale of advertising space on the bikes themselves. nextbike also provides mobility programmes for colleges or universities and companies.