New York based SoBi (Social Bicycles) team founded by Ryan Rzepecki, have come up with a progressive variant on the bike-sharing systems which are currently in force in many cities. Unlike the standard issue of similar systems, the bikes will be able to use existing bike racks thereby cutting costs to less than one third. Ryan Rzepecki explains that “we have smart bikes not smart racks.”

The bikes, designed by industrial designers, Nick Foley and Ted Ullrich, are based on classic lines but incorporate multiple ergonomic features which take into consideration the size and weight of users as well as ease of mounting for people at any level of flexibility.
 
What makes the SoBi system truly unique is the integration of computerization within the functioning of the concept. A lockbox containing a computer and GPS enabled lock is installed behind the seat of the bike. Photovoltaic panels on the lockbox ensure that lights are kept recharged at all times. Users, once registered either online or via a smart-phone application, may access the location of a bike, unlock it by using a PIN on lockbox and use it within the city limits.

SoBi are currently looking for funding for their project but hope to take delivery of the first 60 bikes by October and to have the complete system operative by 2012.