Category: scooter

The electric scooter wars of 2019
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The electric scooter wars of 2019

Throughout 2019, a number of mobility companies launched in additional markets, while many pulled out of areas that no longer served them. Meanwhile, transportation startups continued to raise more money even as they laid off employees, a sign that industry consolidation has officially begun. In October, Bird raised a $275 million Series D round at…

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Scooter maker Superpedestrian raises $20 million as it gears up to launch
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Scooter maker Superpedestrian raises $20 million as it gears up to launch

Superpedestrian, the startup working with a handful of scooter operators to deploy vehicles that can perform self-diagnostics, just raised a $20 million round from Spark Capital, General Catalyst, Hanaco Ventures and Empire Angels. This brings Superpedestrian’s total funding to $64 million. Superpedestrian has yet to announce its operating partners, but is on track to launch…

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Lyft is ceasing scooter operations in six cities and laying off 20 employees
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Lyft is ceasing scooter operations in six cities and laying off 20 employees

In an industry where unit economics and rider utilization are key to running a profitable business, perhaps it’s better to cut your losses early on. Lyft notified employees today that it’s pulling its scooters from six markets: Nashville, San Antonio, Atlanta, the Phoenix area, Dallas and Columbus. “We’re choosing to focus on the markets where…

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