What is the model for Institutional Partners?

For Institutional Partner, we refer to partnerships where the bike sharing service is offered for free, riders are not charged and there no revenue is generated. This is usually the case for public institutions like universities, or companies that want to offer a free bike scheme to their employees.

Differently from the regular bike owner scheme, under this model, we charge a one-time installation fee that is agreed with the partner and a fixed monthly fee of per lock which is also negotiated with the partner. Depending on the scale of the operation, the installation fee can vary.