Downtown Ventures, in partnership with the City of Colorado Springs and bikeshare company, BCycle, has launched the first public bikeshare service in Colorado Springs, Colorado: PikeRide. Through this program, as of June 26, over two hundred BCycle Dash bikes are available for rent at twenty-eight local bike hubs. To gain membership, users must either download the BCycle app or visit one of the PikeRide kiosk-stations. A single half hour ride costs $2. Daily, monthly, and annual membership options are also available. After completing a ride, bikes can either be parked at a designated hub for free or locked anywhere within the service area for a $1 fee. This launch marks the start of Phase 1 of PikeRide. Additional bikes may be added later.