Spinlister Challenges Broken Bike Share Model Through Advanced Technology

March 13th, 2015

Spinlister Challenges Broken Bike Share Model Through Advanced Technology

Decentralized Peer-to-Peer Model uses Technology to Make Renting a Bicycle Convenient and Easy

(New York, NY) Spinlister, a peer-to-peer global bike share, will be unveiling a revolutionary new decentralized bike-share model in the Spinlister featured city of Austin, Texas during the 2015 South by Southwest Festival (March 13-22, 2015). Reflecting the next step in the sharing economy, this new decentralized system will feature no hubs or stations, and renters can ride, park, and lock the bicycle simply by using the Spinlister mobile app.

“This new decentralized bike-share model will take the traditional system of a central hub or station, and turn it on its head. From a renter’s perspective, they can simply use the Spinlister app to locate a bike, book it, unlock it and ride away,” said Spinlister CMO, Andrew Batey. “From an owner’s perspective, they’re able to conveniently make money, help people, and participate in the world’s first sustainable bike share model. This model requires no sponsorship from private companies or allocation of tax resources from governments into a model known to be flawed. Spinlister is simply here to support and nurture this winning opportunity for all parties involved.”

Spinlister will begin shipping an exclusive bicycle, developed over a 6-month period with Dutch manufacturer VanMoof, in late-summer 2015. The first shipments will go to users in Portland, Oregon, creating the city’s first working bike-share program. Spinlister users will own the bicycles and make them available to rent via the Spinlister website and mobile app. In this new model, there is no traditional hub or station where bicycles are available or have to be returned. Instead, users are able to decentralize the bicycles throughout the city’s network of existing bicycle parking locations. Working seamlessly within the Spinlister app, potential renters are able to see nearby available bicycles, avoiding the traditional back-and-forth communication with owners, or having to plan trips around traditional fixed-location bicycle hub stations.

The Spinlister exclusive VanMoof bicycles are bikes that people actually want to own and ride, with the technology to make finding and renting a bicycle convenient and easy. Other key features of the new VanMoof bicycles will be an integrated Bluetooth lock that allows the bicycles to be easily locked and unlocked anywhere. The on-board computer, integrated into the frame, automatically updates the bicycles’ location into the Spinlister web and mobile app once the rental is complete. A rich list of additional features includes wireless antitheft tracking, tamperproof nuts, easily adjustable seatpost, and dynamo integrated lighting system. The lightweight alloy frame with double-wall alloy rims and oversized puncture resistant tires insure that the bicycles will remain maintenance and user friendly.

While the users own the bicycles, Spinlister has plans to subsidize and finance the bicycles to allow users to pay the bicycles back through rental revenue over time. This eliminates risk for the listers (bike owners) while creating a profitable revenue stream for them. A bike share owned by the people, for the people – the first fully sustainable bike share model of its kind.

About Spinlister:

Launched on April 1st 2012, Spinlister is a peer-to-peer global bike share that allows users to rent and list bicycles, skis, snowboards, SUPs, and surfboards from each other in over 50 countries worldwide. With their seamless web, iOS and android apps, built-in security features, and a database of user reviews, Spinlister has won the trust of communities of athletes all over the globe. Learn more at: www.spinlister.com

Spinlister

Spinlister Challenges Broken Bike Share Model Through Advanced Technology

Contact Info

Katie Miller
2035226423
katie@spinlister.com
http://www.spinlister.com

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