http://feeds.wired.com/~r/wired/index/~3/Sz72MmtSvMQ/ via Byline This New York bike sharing startup uses GPS and wireless technology to make finding and reserving a bicycle as easy as using a smartphone….

SoBi doesn’t use cycle stations; the bikes are parked throughout the city (starting in New York) at regular racks. Bikes could, in fact, be anywhere at any given time, not just at a designated station that could be blocks away. Users can grab any bike that isn’t already reserved and drop it off anywhere. No need to search for a drop-off station.

Like a Zipcar, each SoBi bike has its own “lockbox” (shown above) that communicates wirelessly with SoBi servers via GPS and a cellular receiver (an H-24 module from Motorola). When you make a reservation online or via smartphone, a map displays all the bikes in the area and gives you the option of unlocking a specific bike by clicking on it.

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