Low Cost Bike Sharing System For New York

Crunchgear.com is reporting on a bike-sharing system that allows you to drop bikes off almost anywhere there is a bike rack, locate them, and access them with an iPhone app. This system, called “Social Bicycles” uses a lock fastened to the bike’s wheel with a GPS system and transmitter built-in. Users can locate available bikes using the SoBi app on iphones. A very limited beta should be launching in New York this fall.

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Courtesy of crunchgear.com

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