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Will Bird Be The Word For Investors And Micromobility? What To Know About The Scooter SPAC Deal
Wednesday, May 12, 2021 - 10:13am | 450A leading electric micromobility company announced a SPAC deal Wednesday with plans to expand to more cities and new segments. The SPAC Deal: Bird announced a deal with Switchback II Corporation (NYSE: SWBK) valuing the company at $2.3 billion. Current Switchback II Corporation shareholders will...
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Lime Shutting Down In 12 Markets Over Profitability Concerns
Friday, January 10, 2020 - 10:22am | 622The world's largest on-demand e-scooter company Lime announced that it is shutting down its services across 12 markets and laying off 14% of its workforce in an attempt to turn profitable this year. In a blog post, Brad Bao, the CEO of Lime, explained that the company was now focused on...
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Mobility-As-A-Service Is Easier And Cheaper Than Owning A Vehicle
Tuesday, December 10, 2019 - 10:22am | 860In the context of alternative mobility, the market is witnessing a deluge of mobility-as-a-service startups that provide people a myriad of options for local transit, like e-scooters, car-sharing and e-cab hailing. The overarching idea here is to create a society that slowly inches away from the...
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What The Truck?!? – Drunk Scooter Drivers, Polar Bear Sized Pigs And Marginalized Clowns
Monday, October 7, 2019 - 5:46pm | 122Kick off your week with a polar bear sized helping of WTT?!? We're talking drunken e-scooter brouhahas, the UAW / GM strike, this week's DHL Supply Chain/FreightWaves Pricing Power Index, we see what economic trends are On The Radar presented by SONAR, we're playing Sustainability Market Expert...
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Hundreds Of Driving Licenses Cancelled As Drunken E-Scooter Riders Cause Chaos At Beer Festival Oktoberfest
Monday, October 7, 2019 - 1:17pm | 768The German police had a field day marshalling people around at the world's largest beer festival Oktoberfest, mediating in nearly 2,000 altercations at the 16-day event. Held annually in the months of September and October in Munich, Germany, Oktoberfest witnesses 7 million people every year, who...
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Bird Raises $215M In Series D Led By CDPQ And Sequoia Capital
Friday, October 4, 2019 - 4:44pm | 455Bird, a leading micro-mobility company founded in 2017, has just completed a $275 million Series D round of venture capital funding with CDPQ and Sequoia Capital leading the round. This announcement by Bird CEO and founder Travis VanderZanden occurred on October 3 at TechCrunch Disrupt San...
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E-Scooters: The Bull And The Bear
Friday, September 27, 2019 - 10:15am | 1095It is a truth universally acknowledged that a popular consumer product does not always make a great investment. The e-scooter craze is a recent example. "Even if scooters become ubiquitous that doesn't mean that any individual scooter company will generate outsize returns," said Dan Hoffer,...
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Lime Reaches 100 Million Rides
Thursday, September 26, 2019 - 12:25pm | 26Image Sourced from Pixabay
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E-Scooters Are Not Good For The Environment, German Government Study Finds
Tuesday, September 3, 2019 - 1:40pm | 843In the pursuit of shared mobility, electric scooters are making a ubiquitous appearance across urban spaces in Europe and North America, with startups behind these vehicles pushing billion-dollar valuations in record time. People, especially millennials, are increasingly enamored by this low-cost...
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Electric Scooters Scrutinized For Environmental Impact
Wednesday, August 28, 2019 - 3:51pm | 768E-scooters are pitched to consumers as a breezy alternative to walking, driving or Ubering. While companies like Lime and Bird market their electric scooters as an efficient and cheap way to get from point A to point B, they're also promoting their sustainability in last-mile transit. It's...
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E-scooter Companies Pushed To The Wall As Paris Opts To Restrict Licenses
Wednesday, August 14, 2019 - 10:40am | 746Paris was one of the first cities to welcome the idea of digital platforms providing electric scooters for hire, but the events that transpired after that decision has led the city to rethink its stand on e-scooter mobility. The trouble started with the proliferation of a dozen e-scooter companies...
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Today's Pickup: France is banning electric scooters on the street pavement
Monday, May 6, 2019 - 10:32am | 861Good day, The global pushback on the electric scooter craze has reverberated in France as well, with the country set to ban all electric scooters from running on its pavements from September. This move is in an effort to curtail the invasion of scooters that make it hard for pedestrians to walk...
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"Walled Garden" A Concern As Micro-Mobility Services Flourish
Friday, April 26, 2019 - 10:25am | 879The electric scooters and dockless e-bikes flooding cities offer exciting options for reducing car usage, but municipalities are struggling to retain authority over the public right-of-way and ensure emerging privatized services are safe and accessible. "Over the past 10 years, the...
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McKinsey Report – Mobility As A Service Is The Future Of U.S. Urban Transportation
Thursday, April 25, 2019 - 6:31pm | 960As urban spaces keep expanding their boundaries due to a steady population influx, they are faced with increased road congestion as more vehicles take to the streets. Though some states and cities are combating this congestion by enforcing regulatory restrictions on older and/or highly polluting...
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Electric Bike-Sharing Startup Wheels Raises $37 Million In Investment
Thursday, January 24, 2019 - 10:48am | 773In the on-demand mobility segment, electric bike-sharing startups are proliferating. A 2018 research report crunched the numbers and concluded that the electric scooter industry was indeed biting into the taxi-hailing market, especially across crowded urban spaces in the likes of San Francisco and...