Mobike, a bike sharing platform, announced the launch of its signature orange and silver dockless bikes starting Feb. 23 throughout select locations in San Diego.
The company stated San Diego is its fifth U.S. market, and contributes to its global expansion into more than 200 cities and 12 countries in less than two years.
Each bicycle is connected to the Mobike network through GPS-embedded and proprietary smart-lock technology — enabling it to be one of the largest Internet of Things (IoT) networks in the world. These specially designed bikes enable users to find a bike near them, reserve and unlock it via a smartphone app. Once Mobike customers reach their destination, the user manually locks the bike in order for the next available rider to use.
The company stated the quantity and location of the bikes are exclusively based on supply and community demand to ensure the bikes are available for users where they are needed. The cost of the ride depends on the time of day.
In late 2017, Qualcomm announced an investment in Mobike after collaborations between the companies to deliver IoT applications and services in order to develop sustainable transportation throughout the globe. The investment figure was not disclosed.