San Diego they are great along the beach. "Lets Know Things" Podcast did an episode on these companies that was really interesting. Turns out the average life of the scooter is about 2 months being used in the public and they don't pay off the initial investment of purchasing the scooter until the 5th month on average. Terrible business model as of now but tons of investment money keeps pouring in. Ford planning to get in along with Tesla. Its a race to the bottom.
In San Francisco they kicked out Lime and Bird.

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Posted by TigersSEC2010

Warren, Michigan

Member since Jan 2010

37395 posts

Posted on 12/14/18 at 2:35 pm to azcatiger

quote:
San Diego they are great along the beach. "Lets Know Things" Podcast did an episode on these companies that was really interesting. Turns out the average life of the scooter is about 2 months being used in the public and they don't pay off the initial investment of purchasing the scooter until the 5th month on average. Terrible business model as of now but tons of investment money keeps pouring in. Ford planning to get in along with Tesla. Its a race to the bottom.
In San Francisco they kicked out Lime and Bird.

I've always wondered what the companies have invested into each scooter. They have to lose their arse on the average scooter seeing how most people treat them.

I saw an article recently that had a picture of thousands of dockless bikes and scooters in a government warehouse somewhere. It may have been Austin... It just amazes me anybody would invest in that.

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