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Social Bicycles

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uuid000cw8y

Namestring
Social Bicycles
Legal namestring
MobilityCloud Inc.
Company typeenum
Private
Founded yearint
2011
Descriptiontext

Social Bicycles, legally operated by MobilityCloud Inc., is a New York-based bike share technology provider that sells a smart-bike platform to municipalities, universities, hospitals, real-estate developers, and local entrepreneurs. Founded in 2011 by Ryan Rzepecki, the company's core differentiator is a proprietary smart-bike architecture in which GPS, GSM, RFID, and NFC electronics, a chainless shaft-drive transmission, an integrated steel U-lock, and solar/dynamo-powered lighting are built into each custom bicycle rather than concentrated at fixed docking stations. Stations are defined as GPS geofences around standard bike racks supplied by the company, reducing station-infrastructure cost from roughly $900 per dock in conventional systems to $175 per rack.

The platform is exposed to end users via iOS and Android mobile apps, a web application, and a documented REST API with OAuth 2 authentication, supporting self-serve sign-up, reservations, trip history, billing, and social sharing. Operators run local networks under the Social Bicycles umbrella, and consumers can access multiple networks (e.g., Long Beach CA Bikeshare, Reddy Bikeshare, PeaceHealth Rides, Hamilton Bike Share) through a single account. Revenue mechanics blend subscription memberships (typically $10–$40 per month), pay-as-you-go usage fees ($6–$11.40/hour), operator-configurable out-of-hub locking fees, sponsorship/advertising placements, and a bike bounty credit system that incentivizes rebalancing.

Go-to-market combines an enterprise field-sales motion for RFP-driven municipal and university contracts with a self-serve consumer funnel through the mobile and web apps. The company holds PCI DSS payment compliance through its third-party processors (Stripe, Braintree/PayPal), integrates an SSO option for institutional customers such as McMaster University, and operates a companion Social Cyclist app for community engagement. At the time of available reporting, the company manages roughly 15,000 bikes across 40 markets with cumulative trips exceeding 5 million.

Short descriptiontext

Social Bicycles (MobilityCloud Inc.) provides a dockless smart-bike platform with on-board GPS, GSM, and locking technology, serving municipalities, universities, hospitals, and developers across roughly 40 markets and 15,000 bicycles.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
bike share technology, smart bike systems, bikeshare platform, mobility software, dockless bike share
Industry4 codes
1THADAGAD
CodeTHADAGADPrimaryYes
2THADAGAC
CodeTHADAGACPrimaryNo
3EDALAKAE
CodeEDALAKAEPrimaryNo
4TLAFAMAE
CodeTLAFAMAEPrimaryNo
SIC code2 codes
  • 3751
  • 4700
Product category
Bike Share Technology Platform
Social media profiles3 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model5 records
1Membership Subscriptions
TypeSubscription Recurring
Description

Operators offer monthly, seasonal, and annual membership plans to end users. Members receive daily free riding time with flat per-hour fees thereafter.

app.socialbicycles.com
2Pay-as-you-go Usage
TypeUsage Based
Description

Pro-rated hourly pricing model based on all usage with no free time provided. Users may also be charged an activation fee or nominal monthly access fee.

help.socialbicycles.com
3Sponsorship and Advertising
TypeAdvertising
Description

Sponsors align with bike share provider for branding opportunities through mobile/web applications, branded bikes, station equipment (ad panels, branded racks), and location-based promotions with push notifications.

help.socialbicycles.com
4Bike Bounty Credits
TypeTransaction Fee
Description

When bikes are left outside hubs, bounties are posted. Users who return bikes to stations collect credits that offset fees or provide future riding credit.

help.socialbicycles.com
5Out-of-hub Locking Fees
TypeTransaction Fee
Description

Fees charged when users lock bicycles to standard bike racks outside designated hub locations. Fee is customizable by operator to control frequency of out-of-hub lock-ups.

help.socialbicycles.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Pricing details5 tiers
1Hamilton Bike Share - Monthly Member: $20/month subscription with membership fee
ModelSubscriptionBilling cadenceMonthly
Notes

$20.00 per month. Also available: McMaster Monthly Community Pass at $16/month, Pay as You Go at $9/hour, Seasonal Supporter at $100/6 months

app.socialbicycles.com
2PeaceHealth Rides - Monthly Plan: $15/month
ModelSubscriptionBilling cadenceMonthly
Notes

$15/month, UO Monthly Plan $10/month, Pay as You Go $11.40/hour, UO Pay as You Go $6/hour

app.socialbicycles.com
3Long Beach CA Bikeshare - Prepaid Bonus Pass: $120
ModelSubscriptionBilling cadenceMonthly
Notes

Prepaid Bonus Pass $120, Student Plan $7.50, Hourly rate $7.00/hour

app.socialbicycles.com
4Reddy Bikeshare - Various employee and general plans
ModelSubscriptionBilling cadenceAnnual
Notes

Erie County Employee Plan: $0/year, Independent Health Employee Plan: free, East Side Forward Plan: $3, Canisius Plan: free, M&T Employee Plan: free, Annual Plan: $40, UB Pass available

app.socialbicycles.com
5Usage-based overtime fees after free time
ModelUsage-basedBilling cadencePay-as-you-go
Notes

Daily free ride time (approximately 1 hour) does not roll over. Flat hourly rate applied after free time expires. Overtime fees count toward daily cumulative usage.

help.socialbicycles.com
GTM typeB2B and B2C
B2B and B2C
Offering typeSoftware
Software
Core offering1 text field

Social Bicycles (operated by MobilityCloud Inc.) provides a scalable, affordable bike share technology platform built around custom-designed smart-bikes with integrated GPS, GSM, RFID, and NFC technologies that lock to standard bike racks. The platform includes a mobile app, web application, REST API, and supporting hardware (racks, base plates, optional kiosks) for municipalities, universities, and local operators to launch and manage bike share networks serving end-user riders.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Social Bicycles is a bike share technology platform operated by MobilityCloud Inc. that provides an affordable and scalable smartbike system. The core offering consists of custom-designed smart-bikes with integrated GPS, GSM, RFID, and NFC technologies that communicate individually with the cloud platform, eliminating the need for expensive dock infrastructure. The platform includes a mobile app (iOS/Android), web platform (app.socialbicycles.com), and API for developer access. Supporting infrastructure includes modular racks, base plates, and optional kiosks. The company also offers the Social Cyclist companion app for community engagement. Users can access multiple bike share networks under a single account. The system differentiates itself through lower costs (approximately half of conventional systems), flexible locking to any bike rack via integrated U-lock, real-time GPS tracking, and daily free-time pricing models.

Product and service2 records
1Smart-Bikes
CategoryHardware
Description

Custom-designed bicycles built for bike sharing with integrated onboard technology (GPS, GSM, RFID, NFC), shaft-drive transmission, integrated steel U-lock, solar-responsive lighting, puncture-resistant Kevlar tires, and full fenders. Used by bike share operators and end-user riders.

2Social Bicycles Mobile App
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

nextbike operates bike-share systems in 300+ cities across Europe and the Middle East. Comparable in scale and operator-network model, particularly relevant for SoBi's international expansion ambitions via its global RFP bidding motion.

TypeDirect peer
Description

Superpedestrian acquired Zagster, a U.S. bike-share operator that ran campus and community programs. Directly comparable to SoBi's university and small-city operator model, and a meaningful competitor in the same RFP pool.

TypeDirect peer
Description

Bird runs dockless e-scooter and bike-share programs in North America and Europe. Overlaps with SoBi on city bike-share concessions and campus micromobility contracts, particularly for university RFPs.

TypeDirect peer
Description

Lime operates a global fleet of dockless bikes, e-bikes, and e-scooters across 30+ countries. Competes head-to-head with SoBi in mid-sized cities and on university campuses where Lime's capital and brand awareness are major advantages.

TypeDirect peer
Description

PBSC (Public Bike System Company) supplies Bixi-style docked bike-share hardware and software globally. Closest direct competitor in the bike-share technology provider category, especially for North American and European municipal RFPs.

TypeEmerging player
Description

Tier operates shared e-scooter and e-bike fleets across European cities and is expanding to the U.S. Comparable operator-network and city partnership model, with stronger financial backing but a narrower geographic footprint than SoBi.

TypeDirect peer
Description

BCycle, owned by Trek, operates docked bike-share systems in 50+ U.S. cities. Directly comparable technology provider with a longer operating history and deeper ties to municipal government customers.

TypeEmerging player
Description

Bolt Mobility runs dockless e-bikes and scooters across U.S. cities, with a focus on underserved communities. Competes in the same small-to-mid-sized city RFP pool and on community-driven bike-share programs.

TypeBroad incumbent
Description

Uber acquired JUMP's dockless e-bike platform and now bundles bike-share with its rideshare app. A broader incumbent leveraging massive capital and a global app to compete in connected bike-share.

TypeDirect peer
Description

Lyft acquired Motivate, the largest U.S. bike-share operator running Citi Bike, Divvy, and Ford GoBike. Operates connected bike-share at scale in major metros, directly competing for the same municipal RFPs SoBi targets.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
Yes

Docs URL, Description

Integration11 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors8 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Social Bicycles

Bike Share Technology Platformsocialbicycles.com

Social Bicycles (MobilityCloud Inc.) provides a dockless smart-bike platform with on-board GPS, GSM, and locking technology, serving municipalities, universities, hospitals, and developers across roughly 40 markets and 15,000 bicycles.

What Social Bicycles does

Social Bicycles, legally operated by MobilityCloud Inc., is a New York-based bike share technology provider that sells a smart-bike platform to municipalities, universities, hospitals, real-estate developers, and local entrepreneurs. Founded in 2011 by Ryan Rzepecki, the company's core differentiator is a proprietary smart-bike architecture in which GPS, GSM, RFID, and NFC electronics, a chainless shaft-drive transmission, an integrated steel U-lock, and solar/dynamo-powered lighting are built into each custom bicycle rather than concentrated at fixed docking stations. Stations are defined as GPS geofences around standard bike racks supplied by the company, reducing station-infrastructure cost from roughly $900 per dock in conventional systems to $175 per rack.

The platform is exposed to end users via iOS and Android mobile apps, a web application, and a documented REST API with OAuth 2 authentication, supporting self-serve sign-up, reservations, trip history, billing, and social sharing. Operators run local networks under the Social Bicycles umbrella, and consumers can access multiple networks (e.g., Long Beach CA Bikeshare, Reddy Bikeshare, PeaceHealth Rides, Hamilton Bike Share) through a single account. Revenue mechanics blend subscription memberships (typically $10–$40 per month), pay-as-you-go usage fees ($6–$11.40/hour), operator-configurable out-of-hub locking fees, sponsorship/advertising placements, and a bike bounty credit system that incentivizes rebalancing.

Go-to-market combines an enterprise field-sales motion for RFP-driven municipal and university contracts with a self-serve consumer funnel through the mobile and web apps. The company holds PCI DSS payment compliance through its third-party processors (Stripe, Braintree/PayPal), integrates an SSO option for institutional customers such as McMaster University, and operates a companion Social Cyclist app for community engagement. At the time of available reporting, the company manages roughly 15,000 bikes across 40 markets with cumulative trips exceeding 5 million.

Social Bicycles firmographics

Firmographics
Name
Social Bicycles
Legal name
MobilityCloud Inc.
Website
https://socialbicycles.com
Company type
Private
Founded year
2011
Operating status
Operating
Headcount range
11–50 employees
Short description
Social Bicycles (MobilityCloud Inc.) provides a dockless smart-bike platform with on-board GPS, GSM, and locking technology, serving municipalities, universities, hospitals, and developers across roughly 40 markets and 15,000 bicycles.
Ownership category
akta.pro rank

Where Social Bicycles is headquartered

Location

Headquarters

HQ city
New York
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Social Bicycles business model

Business model
GTM type
B2B and B2C
Offering type
Software
Cost components
Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

  1. Membership Subscriptions: Operators offer monthly, seasonal, and annual membership plans to end users. Members receive daily free riding time with flat per-hour fees thereafter.
  2. Pay-as-you-go Usage: Pro-rated hourly pricing model based on all usage with no free time provided. Users may also be charged an activation fee or nominal monthly access fee.
  3. Sponsorship and Advertising: Sponsors align with bike share provider for branding opportunities through mobile/web applications, branded bikes, station equipment (ad panels, branded racks), and location-based promotions with push notifications.
  4. Bike Bounty Credits: When bikes are left outside hubs, bounties are posted. Users who return bikes to stations collect credits that offset fees or provide future riding credit.
  5. Out-of-hub Locking Fees: Fees charged when users lock bicycles to standard bike racks outside designated hub locations. Fee is customizable by operator to control frequency of out-of-hub lock-ups.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyHamilton Bike Share - Monthly Member: $20/month subscription with membership fee
SubscriptionMonthlyPeaceHealth Rides - Monthly Plan: $15/month
SubscriptionMonthlyLong Beach CA Bikeshare - Prepaid Bonus Pass: $120
SubscriptionAnnualReddy Bikeshare - Various employee and general plans
Usage-basedPay-as-you-goUsage-based overtime fees after free time

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Social Bicycles product offering

Product offering

Core offering

Social Bicycles (operated by MobilityCloud Inc.) provides a scalable, affordable bike share technology platform built around custom-designed smart-bikes with integrated GPS, GSM, RFID, and NFC technologies that lock to standard bike racks. The platform includes a mobile app, web application, REST API, and supporting hardware (racks, base plates, optional kiosks) for municipalities, universities, and local operators to launch and manage bike share networks serving end-user riders.

Product overview

Social Bicycles is a bike share technology platform operated by MobilityCloud Inc. that provides an affordable and scalable smartbike system. The core offering consists of custom-designed smart-bikes with integrated GPS, GSM, RFID, and NFC technologies that communicate individually with the cloud platform, eliminating the need for expensive dock infrastructure. The platform includes a mobile app (iOS/Android), web platform (app.socialbicycles.com), and API for developer access. Supporting infrastructure includes modular racks, base plates, and optional kiosks. The company also offers the Social Cyclist companion app for community engagement. Users can access multiple bike share networks under a single account. The system differentiates itself through lower costs (approximately half of conventional systems), flexible locking to any bike rack via integrated U-lock, real-time GPS tracking, and daily free-time pricing models.

Differentiator

Problem solved

Functional benefit

Products and services

  • Smart-Bikes Custom-designed bicycles built for bike sharing with integrated onboard technology (GPS, GSM, RFID, NFC), shaft-drive transmission, integrated steel U-lock, solar-responsive lighting, puncture-resistant Kevlar tires, and full fenders. Used by bike share operators and end-user riders.
  • Social Bicycles Mobile App

Companies that use Social Bicycles

Customer profile

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Social Bicycles technology and API

Technology

Technology focussed Yes

API detail

Has API
Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration11 records

Feature6 records

Social Bicycles partnerships and signals

Strategic signal

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Social Bicycles competitors and assessment

Company assessment

Direct peers

  • nextbike: nextbike operates bike-share systems in 300+ cities across Europe and the Middle East. Comparable in scale and operator-network model, particularly relevant for SoBi's international expansion ambitions via its global RFP bidding motion.
  • Superpedestrian (acquired Zagster): Superpedestrian acquired Zagster, a U.S. bike-share operator that ran campus and community programs. Directly comparable to SoBi's university and small-city operator model, and a meaningful competitor in the same RFP pool.
  • Bird: Bird runs dockless e-scooter and bike-share programs in North America and Europe. Overlaps with SoBi on city bike-share concessions and campus micromobility contracts, particularly for university RFPs.
  • Lime: Lime operates a global fleet of dockless bikes, e-bikes, and e-scooters across 30+ countries. Competes head-to-head with SoBi in mid-sized cities and on university campuses where Lime's capital and brand awareness are major advantages.
  • PBSC Urban Solutions: PBSC (Public Bike System Company) supplies Bixi-style docked bike-share hardware and software globally. Closest direct competitor in the bike-share technology provider category, especially for North American and European municipal RFPs.
  • BCycle (Trek Bicycle): BCycle, owned by Trek, operates docked bike-share systems in 50+ U.S. cities. Directly comparable technology provider with a longer operating history and deeper ties to municipal government customers.
  • Lyft (Motivate): Lyft acquired Motivate, the largest U.S. bike-share operator running Citi Bike, Divvy, and Ford GoBike. Operates connected bike-share at scale in major metros, directly competing for the same municipal RFPs SoBi targets.

Emerging players

  • Tier Mobility: Tier operates shared e-scooter and e-bike fleets across European cities and is expanding to the U.S. Comparable operator-network and city partnership model, with stronger financial backing but a narrower geographic footprint than SoBi.
  • Bolt Mobility: Bolt Mobility runs dockless e-bikes and scooters across U.S. cities, with a focus on underserved communities. Competes in the same small-to-mid-sized city RFP pool and on community-driven bike-share programs.

Broad incumbents

  • Uber (JUMP bikes): Uber acquired JUMP's dockless e-bike platform and now bundles bike-share with its rideshare app. A broader incumbent leveraging massive capital and a global app to compete in connected bike-share.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Social Bicycles social profiles

Digital presence

Social Bicycles compliance and trust

Trust signal

Compliance1 record

Social Bicycles financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Social Bicycles leadership team

Management profile

Number of profiles

Profiles1 record

Social Bicycles funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Social Bicycles M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Social Bicycles

What does Social Bicycles do?

Social Bicycles (operated by MobilityCloud Inc.) provides a scalable, affordable bike share technology platform built around custom-designed smart-bikes with integrated GPS, GSM, RFID, and NFC technologies that lock to standard bike racks. The platform includes a mobile app, web application, REST API, and supporting hardware (racks, base plates, optional kiosks) for municipalities, universities, and local operators to launch and manage bike share networks serving end-user riders.

Is Social Bicycles a public or private company?

Social Bicycles is a private company. It is classified as venture growth investor backed and is currently operating.

When was Social Bicycles founded?

Social Bicycles was founded in 2011. It employs 11 to 50 people.

Where is Social Bicycles based?

Social Bicycles is headquartered in New York, United States, in the North America region.

How does Social Bicycles make money?

Five revenue lines are on record. Membership Subscriptions are the primary driver. The others are pay-as-you-go Usage, sponsorship and Advertising, bike Bounty Credits and out-of-hub Locking Fees.

Who are Social Bicycles's main competitors?

Direct peers on record are nextbike, Superpedestrian (acquired Zagster), Bird, Lime, PBSC Urban Solutions, BCycle (Trek Bicycle) and Lyft (Motivate). Emerging players are Tier Mobility and Bolt Mobility. Uber (JUMP bikes) is listed as a broad incumbent.

Does Social Bicycles have an API?

Yes. Social Bicycles API allows access to all data within a Social Bicycles user account. The API is RESTful and HTTP-based, accessible at https://app.socialbicycles.com/api. All API access is over HTTPS. Data retrieval uses GET requests, data creation uses POST, updates use PUT, and destruction uses DELETE. Two authentication methods are supported: Basic Authentication (deprecated) and OAuth 2 (preferred). All responses are in JSON format. CORS is enabled for AJAX requests. Each application is limited by default to 100 calls per day (UTC based). Developer documentation is at app.socialbicycles.com/developer.

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Live signals
Business InsiderThis Startup May Have The Ideal Bike Sharing Solution For CitiesSocial Bicycles deployed 25 bikes for a test run in Hoboken, N.J., and closed a $1.3 million funding round. The company has deployed 150 bikes across multiple cities and aims to raise a Series A round by year-end.TechCrunchCE Week’s Startup Pavilion Serves Up Bikes, Hydroponics, And Rotary Phone Photo-SharingCE Week's Startup Pavilion in New York showcased multiple early-stage startups across diverse product categories, highlighting emerging consumer technology concepts. SocialBicycles is developing bike-sharing technology with built-in GPS, GSM, and locking systems, positioning itself to compete with traditional station-based bike-sharing services by selling to universities, municipalities, and corporate campuses. The pavilion also featured Bitponics, a $499 hydroponics monitoring device with cloud connectivity and a freemium service model, along with other startups including MyBell (customizable bike bells) and Rotobooth (rotary phone photo booths for events).FinSMEsSocial Bicycles Raises $1.1M in FundingSocial Bicycles, a NYC-based bike sharing service, raised $1.1M in funding led by David Rose of New York Angels, with participation from Esther Dyson, Amol Sarva, and Karl Ulrich. David Rose will join the company's board. The funds will be used to expand nationwide.TechCrunchA Walk Through Hardware Alley At TC DisruptThis year’s Disrupt conference in New York showcased hardware startups, highlighting the increasing importance of hardware in the tech industry. Notable companies included Fitbark, Thermovape, Extreme Flyers, and Social Bicycles, each demonstrating innovative products in the hardware space.TechCrunchSocial Bicycles Raises $1.1 Million To Expand Bike Sharing ProjectBike sharing service Social Bicycles has raised $1.1 million in funding to expand its social bike sharing service to new markets, with the round led by New York Angels including investors Esther Dyson, Amol Sarva, and Karl Ulrich. The company, founded in 2011 and led by Ryan Rzepecki, previously launched pilots at the San Francisco airport and University of Buffalo, and is currently working on bike share launches in Hoboken, New Jersey and St. Petersburg, Florida. The bikes feature built-in GPS and can be unlocked via cellphone, allowing users to leave and pick up bikes anywhere without needing central hubs.TechCrunchSocialBicycles Bike Sharing Is Now A Kickstarter ProjectSocialBicycles, a bike sharing startup, has launched a Kickstarter campaign to fund its bike sharing system for New York City. The system allows users to locate and rent bikes using smartphones and tablets, receiving a PIN code to unlock bikes and registering their location when finished. The article highlights the need for decentralized bike rental options in New York, where bikes are frequently stolen or destroyed.TechCrunchBike Nerds To Create a Low Cost Bike Sharing System For New YorkBike Nerds have developed 'Social Bicycles' (SoBi), a low-cost bike-sharing system that utilizes GPS-enabled locks and an iPhone app to allow users to park bikes at any standard rack. The startup aims to launch a limited beta in New York this fall, leveraging significantly lower infrastructure costs compared to traditional docking systems. SoBi is currently seeking $50,000 in seed funding to support this expansion.