Neither CapMetro nor the city of Austin, which owns the bikes and batteries, had insurance covering any of it. The first 150 bikes will be concentrated around the University of Texas at Austin, where ridership is the highest. Students can buy an annual pass for half-price and make up about 60% of Bikeshare customers, according to CapMetro. Before the fire, employees pulled depleted batteries off bikes in the field and brought them to the Ben White facility to charge. CapMetro After CapMetro took over the Bikeshare system, it swapped out all the bicycles for more popular electric-assist bikes.