AUSTIN, Texas -- Lance Armstrong is getting back on his bike, this time to ride and raise money for the charity he founded and was later pressured to leave.

Armstrong has set up a fundraising team for the Livestrong Challenge ride in Austin in October. It will be his first return to the Livestrong event since 2012, when a report by the U.S. Anti-Doping Agency exposed performance-enhancing drug use by Armstrong and his U.S. Postal Service team.

Armstrong was later stripped of his seven Tour de France titles and pressured to leave the Livestrong board.

Armstrong registered for the ride and made a $5,000 donation on Feb. 2. In a statement to The Associated Press, Armstrong says he remains "humbled and proud" of Livestrong.

Livestrong officials say they welcome his fundraising efforts.