The latest statistics show a growing number of cities interested in bike-sharing systems. Bike-sharing positively impacts the surrounding environment and contributes towards a city’s profitability. A bike-sharing system also shares some benefits to our health and well-being.

How Much Does It Cost To Start A Bike-Sharing Service?

Bike-sharing or bicycle sharing is a two-wheeled transit service. People are also fond of it and know it as bike transit services. In 1965, bike-sharing services made their debut in Amsterdam. Since then, bike-sharing services have continued to spread to multiple cities worldwide.

For people wanting to start a bike-sharing service, it may cost you significant capital. The typical fees for bike-sharing may vary per owner, but each establishment wanting to purchase bikes should allot $3,000.00 - $5,000.00 for each. Concerning your business upkeep, your entire operational costs for each cycle will amount to $100.00 - $200.00. That covers the total amount per year.

Fortunately, bicycles are now lowering in price and are affordable compared to other types of transit. Suppose you are thinking about a bike sharing solution; we suggest you prepare by saving up a sizable amount for your capital. Overall, many people will even cheer you up and support you since many enjoy riding bicycles!

Are Bike-sharing Companies Profitable?

If you have difficulties or confusion and have no idea how to begin, we recommend building a public-private partnership. Private organizations with enough resources can lend you a helping hand, realizing that bike-sharing is beneficial for many of us. Aside from that, they can become your primary sponsors in promoting your start-up bike-sharing service.

On top of that, many companies may come to your aid. It will give them an affordable option rather than using private cars and vehicles. They will see its potential in helping their employees commute from one location to another. Bike-sharing can facilitate business-related tasks and even give their employees an affordable lift service.

Benefits Of A Bike Sharing Program

Health Benefits of Bike Sharing

A bike-sharing program gives us many benefits as a public transport service. There is no doubt that it is suitable for cities worldwide. Let us discuss some benefits of a bike-sharing project:

Well-Being

By spending 60 minutes riding a bicycle, a single person can quickly burn 300 calories. On top of that, cyclists can burn more fat by increasing its intensity. Cycling also improves your cardiovascular endurance. Not only will it stabilize your heart rate, but it will also promote excellent blood flow through all parts of your body.

Muscle Growth

A bike-sharing program allows us to work out different parts of our body, especially our lower body extremities. It is pretty similar to jogging. Imagine getting to your intended location while strengthening your leg muscles, core muscles, and even your arm muscles.

Benefits of Bike-Sharing to Our Environment

One significant advantage of bicycles is the lack of engines that require fuel. As we all realize, fuel-based vehicles produce clouds of smoke, toxins, and other chemicals that can harm the environment. Implementing a bike-sharing system reduces emissions and contributes towards attaining an eco-friendly environment.

Positive Economic Impact of Bike-Sharing

Recent research shows that a bike-sharing system invites many people inside a four-block area. Businesses and bike-share users are more likely to spend money on affordable services. In areas with traffic congestion, bike riders find it easy to park their bikes without causing a commotion.

Conclusion

To begin a bike-sharing service, any individual must prepare a viable capital for its first year of expenses. A singular bicycle may cost up to $5000.00. The annual operating cost of a bike-share system may cost $100-200.

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