Image: Twitter - @oBikeAustralia
There's a new ride sharing company on the block, oBike.
Slick looking yellow bicycles are here to take on the state government funded Melbourne Bike Share.
oBike is a Singaporean company that uses tech similar to Uber, so you can jump on and off a hired pushie from almost anywhere.
It costs around $1.99 to use the bike for half an hour and it's all tracked and paid for via your phone.
The self-regulated service doesn't have docks and there are no chains in sight, you simply unlock the bike with your app. Helmet hire is also included.
oBike is the first of its kind to come to Melbourne and apart from causing distribution to the current ride share market, local councils are cautious about how the ride service will be policed and how to regulate quality.
There are plans to roll out the bikes in the CBD, Brunswick, South Yarra, Fitzroy, St Kilda and Carlton.
Melbourne Bike Share will continue despite the new competition.
In the April state budget the Andrew's government committed $4.9 million to continue the blue bike initiative.