Electric scooter shares have shown massive growth in cities around the US and internationally over the past year. The tiny EVs are intended to serve as “last mile” type vehicles which help commuters navigate cities faster than walking and more conveniently than taking public transportation. Riders can hop on a scooter anywhere they can find one, paying just $1.00 plus 15 cents per mile and dropping the scooter off anywhere in the city – no docking station required.
So far, the major players have been larger companies such as Bird, who is reportedly the fastest US startup ever to reach a $1 billion valuation. But with the massive growth displayed by the fledgling industry and venture capitalists tripping over each other to throw money at the startups for fear of missing the gravy train — err, gravy scooter, new electric scooter share companies are popping up all over the place. expand full story