iPhone developer FIPLAB has launched a new free iPhone app in time for a new cycle hire schemes launched later this week.

London Cycle: Free Maps & Routes offers the following features: Shows cycle stations across LondonDisplays cycle capacity at each stationShows cycle stations closest to youShows cycle stations near specified locationsProvides cycle routes from point A to BIncludes helpful cycling and road safety tips

The app has been developed by Rishi Modha and business partner Anirudh Sharma.

"Me and my partner went into central London the other day and we couldn't find some of the sites because they were on side roads," Rishi Modha told The Evening Standard.

"Our plan is to give out the app for free and get our name out there. Who wouldn't want to have their app used by Londoners on a daily basis?"

Compatible with iPhone, iPad and iPod touch and available from the Apple iTunes App Store, London Cycle: Free Maps & Routes is free and requires the iPhone 3.0 Software Update or later.

Boris Johnson's London Cycle Hire scheme starts this Friday, 30 July, sponsored by Barclays in a deal worth £25 million. More than 9,000 people have already signed up to the scheme which offers bikes for hire across London.

New dedicated cycle lanes - two already open - with another ten to come before the Olympics in 2012 - are dubbed Barclays Cycle Superhighways.

Commuters and those who enjoy a bike ride can sign up for 24 hour, seven day or annual membership at www.tfl.gov.uk/barclayscyclehire.

A second iPhone app from http://cyclehireapp.com has yet to launch.