The helper there said that they have 4 outlets at the moment. 3 around MG Road and 1 in Jayanagar 3rd blk. If I understood right he said that it'll be Rs 500 for one time registration, Rs 200 annual charge and a 10 rupee charge per hour if the bike isn't stationed back to the stand within an hour.
Attached picture (wish I had a better camera) of the bikes at the Bible Society location. They were 3 bikes and a provision for 6.
Extract from the DNA newspaper
"By DNA Correspondent | Place: Bangalore | Agency: DNA
Besides the BMTC, autorickshaws and Metro, Bangalore will add the automated public bicycle sharing system (ATCAG) to the city’s list of public transport, which was inaugurated by MLA NA Harris.
“The ATCAG aims to serve the need of the public for the last-mile connectivity for other public transport such as the BMTC and Metro, while providing Bangaloreans with a green mode of transport,”said Srinivas Ramesh, co-founder and director of Kerberon Automations.
The ATCAG is a smartcard-based application. “On registration, the person is given a card that can be used to get the bicycle from the docket where it is stationed. He will have to return the bicycle within a time frame.”
The pilot project, scheduled for three months, has been launched at three locations with nine bicycles, which will be docked at FM Cariappa War Memorial, Shankar Nag theatre and the Bible Society of India. In three months, the plan is to set up a station every 500 meters.
“We want to ensure that people can make use of the facility and not depend on polluting modes of transport. By providing the much-needed last-mile connectivity, we can reduce the dependency on private transports,” he said"
Woohoo! This makes me happy! :)