$1/hr seems pretty VC-subsidized. Assuming that the costs for one bike are $900/year (including broken motors, lost bikes, theft, docks, rent for docks, broken

$1/hr seems pretty VC-subsidized. Assuming that the costs for one bike are $900/year (including broken motors, lost bikes, theft, docks, rent for docks, broken chargers, etc) that's 3 hours of trips needed per day... which might not sound like a lot, but with 10 hours of daylight a day that's a pretty large amount of usage IMO. I live in the Netherlands, where everyone owns their own bikes. The biggest bikeshare program is run by the national railways, with bikes available at any station for €3.85/24 hours. They're non-electric, so probably cost about $200 per bike in bulk. I wish there were smaller rental periods available though. [edit] googled bike costs out of curiosity, and apparently ofo builds their own non-electric bikes in China, which cost only $36 each (!).