AUSTIN, Texas (BRAIN) — Spin, a San Francisco-based bike share company, is launching a new bike share system here that requires no kiosks, or stations. Riders — who can borrow a bike for $1 per ride — can pick up and leave a bike almost anywhere.
Spin said the stationless system has already been proven in China, and Spin has been running a limited beta test in San Francisco. The company plans to roll out 300-500 bikes in Austin eventually.
Users can find available bikes on their phone, scan one with their phone, and receive a code to unlock the bike. When they're done, they can park it and scan it again to lock it up and save its location to the system.
