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A new bike sharing business will launch Tuesday when VeloGo rolls out its 300-bike fleet in central Ottawa and Gatineau.

The company held a soft launch last fall when they demonstrated their “Smart Bike” technology. The bikes are each equipped with GPS tracking and a lock, allowing customers to reserve the bike from a smartphone or with a membership card available online or at some kiosks. They unlock it using a four-digit PIN code and once they’re done, they can return the bike to a docking station or lock it on any public bicycle rack using the same PIN.

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Up to 28 stations with bike racks of varying sizes will appear around the city, with boundaries east of Preston Street and west of the Rideau River.

“Within the service, all members have visibility on all the bikes all the time,” said John Romero, chief operating officer of CycleHop, a Miami-based company which owns and operates VeloGo. “You just look on your phone and it will have all these little icons on there showing the bikes and where they are and the status … within 90 seconds you can download the app and be on a bike.”