Dropbyke is a smart bike rental service that allows users to find bikes near them through a mobile app, unlock and ride the bikes, and drop them off anywhere within the service area. This solves problems with traditional bike rentals like limited hours and required cash deposits. Users can rent bikes 24/7 without deposits. Dropbyke partners with local bike rental companies, taking a 20% commission on each transaction to list their bikes on the app. The service has launched in Vilnius, Lithuania and plans to expand within Lithuania and launch in Western Europe.