Columbus’ growing bike sharing system is rolling toward profitability — it’s just not there yet.
CoGo’s 46 bike-rental stations are operated by Brooklyn-based Motivate Co., and any profits that it earns are to be split evenly with the city of Columbus. It hasn’t yet cleared a profit, but it’s getting closer, and the system is expanding.
Motivate Co. also operates bike share systems in New York, San Francisco and Chicago and does the heavy lifting for CoGo: it provides labor, services the…