So I guess Smartbike DC launched today, although I saw the bikes downtown yesterday so maybe that start date is a bit off. But, the idea behind it is similar to the Zipcar/Flexcar concept, where instead of buying a car, you can sort of rent one whenever you need it. Smartbike looks like it charges $40 a year and then you can borrow a bike whenever you need one in three-hour increments. There are initially 100 bikes at 10 locations.
Forty bucks a year isn't bad at all, especially compared with buying a brand new bike, but I kind of don't like that you can only ride the bikes in the District - there are plenty of great bike spots in Virginia. (via)
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