NYC Citi Bike prices are increasing. Here’s what riders need to know about the hike.

Gear up, Citi Bike riders: Prices for using the popular bikeshare service are increasing for members and non-members alike.

Citi Bike said the rate hikes — which will go into effect Thursday for some offerings and Jan. 29 for annual memberships — will help fund station upgrades and new electric bikes across its network, which currently includes more than 2,100 active stations and approximately 36,000 bikes.

Annual membership fees will jump to $219.99 a year, up from $205 previously, according to Citi Bike. For members, e-bike rides and charges for rides longer than 45 minutes will rise to 20 cents per minute, up from 17 cents. And the cap for e-bike rides of up to 45 minutes when users enter or exit Manhattan will increase to $4.

For the first time, members will get 60 free e-bike minutes every year they renew their membership, Citi Bike said. Current members will also get a prorated number of minutes until they renew their memberships.

Among non-members, unlock fees for single rides are rising to $4.79, up from $4.49. Charges for rides longer than 30 minutes are hitting 30 cents per minute, up from 26 cents; the same is true for single-ride e-bike fees.

In the case of day passes, e-bike fees are also jumping to 30 cents per minute, but pass and overage fees are staying the same, at $19 and $4 (per 15 minutes), respectively.

Citi Bike launched in 2013 and is now owned by ride-hail company Lyft, which acquired Citi Bike operator Motivate in 2018. The service plans to expand to 40,000 total bikes across 2,000 stations in a third of the city by the end of 2024, according to Streetsblog NYC, and has announced it will double its fleet of e-bikes and lower speeds on its second-generation e-bikes.

Last year, more than 1.4 million riders clocked nearly 36 million trips on Citi Bike, a new annual record, with the average Citi Bike member taking 130 rides. Members account for more than 75% of rides across the system, which has stations in every borough of the city except Staten Island, as well as in Jersey City and Hoboken.

"Together with our city partners, we continue to ensure Citi Bike remains a financially sustainable system that provides world-class service, enhanced value for members, and equitable access for clean transportation options," Lyft spokesperson Jordan Levine said in a statement to Gothamist.

The network's inaugural electrified stations are expected to go live this year, per the company. Reduced-fare bikeshare memberships will continue to cost $5 per month.