NDMC (New Delhi Municipal Council) has partnered with Nextbike, a German bicycle sharing system company, and Smartbike Mobility, a Hyderabad-based start-up to launch a massive cycle sharing infrastructure.
The project, to be launched as a public-private partnership programme, is being funded by Smartbike will launch in July, 2018 and will also be integrated with other transportation system enabling last mile connectivity.
The bicycles will be ‘smart bikes’, imported from Germany. The bicycles, which will have GPS software, will cost about Rs 1 lakh each. According to the project brief, there will be 500 bicycles across 50 stations in NDMC areas.
NDMC Cycling Fees / Pricing
The cycles can be accessed with a processing amount of Rs 100 and will be available for subscriptions ranging from one week passes for Rs 199 to yearly passes for Rs 1,999.
What’s your take on the project cost? Isn’t 1 lakh/cycle price obnoxiously high?