![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjL2v9eKkbTZ71MqEWtS8G4SKDBjN-6btx-jqITZQnYFulqHP-Dsglt_quMQzUnmTtW5k0-X4pEe-h8u2e8f7XnRsMqBE8UedT9mHJ8D1MFTeXnFGTg28e80-s4eFZUEoc-Wbd7Tuh59hg/s400/FreMo.jpg)
Ramesh was first exposed to bike-sharing when visiting Barcelona where he saw Bicing. "The idea appealed to me so much that I quit my job in the financial sector and devoted the whole year to ground research for this project," said Ramesh to Hindustan Times.
Being a for-profit business, FreMo has a different pricing model than is commonplace with other services. FreMo offers multiple pricing plans to provide his customers options for varying needs of use. The one-time registration fee is 499 rupees ($11 USD), an annual membership fee of 199 rupees ($4.34 USD), and a variable usage fee based on the selected plan of 0.08 - 0.30 rupees (less than $0.01) per minute.
Here's a short video from CNN IBN:
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