Can Peer2Peer Rental Challenge London's New Bike Share Scheme?

Image credit: Cycle London
London's new bike rental scheme, like Paris' velib scheme before it, may be a huge hit. But there's a young upstart on the block that is looking to offer an alternative to these large-scale schemes—and it says it can make ordinary bike owners some money in the process. The idea behind Byke.Mobi is to take the thousands of unused bikes in a given city at any one time, and turn them into a mode of transportation for would-be cyclists, and a source of income for the owner. Founder Peter Abrahamson is clearly positioning himself as a cheaper and more grassroots alternative to the Mayor's scheme:

"The service was built in a week without capital investment, unlike Boris Johnson's scheme that is costing taxpayers £140million and is being introduced across London. By involving the whole community in renting out their bikes, we are short-circuiting the need for a large taxpayer investment."

The byke.mobi website is clearly as utilitarian and no-frills as it comes. But then that seems to be in keeping with the company's reason for being.

We'll wait with interest to see how the scheme works out.

Can Peer2Peer Rental Challenge London's New Bike Share Scheme?
Image credit: Cycle London London's new bike rental scheme, like Paris' velib scheme before it, may be a huge hit. But there's a young upstart on the block that is looking to offer an alternative to these large-scale schemes—and it says it can

Related Content on Treehugger.com