PBSC meaning in Business ?

PBSC Urban Solutions, formerly the Public Bike System Company, is a bicycle-sharing system equipment vendor based in Longueuil, Quebec. The company develops bicycle-sharing systems, equipment, parts, and software, and sells its products to cities in Australia, Canada, the United States, the United Kingdom, and seven other countries. The company has sold about 90,000 bikes and 7,000 stations to 40 cities.

Public Bike System Company (PBSC) was initially created by the City of Montreal to supply and operate its public bike share system under the brand Bixi (later becoming Bixi Montréal), which was introduced in 2009. The name 'Bixi' is a portmanteau of 'bicycle' and 'taxi'. Starting in 2010, PBSC began to export the Bixi brand of bike-share systems to various other cities.

In 2013, PBSC began having financial problems; the company filed for bankruptcy in early 2014. Bruno Rodi purchased the international division in April 2014 and renamed the company to PBSC Urban Solutions. (Montreal's on-the-ground Bixi bike-share operations were not included in the sale, and were reorganized under the Bixi Montréal name.) In 2015, he sold the majority share to Luc Sabbatini, who became CEO. Since then, PBSC Urban Solutions has extended its activity into additional cities. As of 2021, PBSC bikes and e-bikes can be found in 40 cities around the world, including Barcelona, New York, Aspen and Dubai, just to name a few.