Scooter startups are at a crossroads with COVID-19 and potential capital scarcity forcing an increased focus on sustainability and careful use of cash.
"The move towards efficiency is happening irrespective of COVID-19," Paul Asel, managing partner at NGP Capital and an investor in Lime, told Business Insider in an interview. Scooter startups have been growing rapidly in Europe in recent years amid growing appetite for alternative urban transport options. That shift is set to as cities re-open from coronavirus lockdowns, and the public tries to avoid the scrum of buses, trams, and metros.
"The move towards efficiency is happening irrespective of COVID-19," Asel said in an interview with Business Insider. "The Uber/Lime deal showed that this market is a natural duopoly, having so many operators per city is a money-losing exercise which causes consumer confusion." Operators will be glued to the results of tender processes in Paris and Lyon, which will be announced in the coming weeks. The market could experience new mergers off the back of those results, depending on which operators are successful, according to Noa Khamallah, a former executive at Lime and Voi. , and subsequently cut many of its former competitors' staff as well as some 420 of its own months later to help streamline the business.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
The cost of scooters has already plummeted from a few years back that ownership in the UK is already massively on the up - even if they still are illegal. The cost of a scooter is two months of Zone 1-2 in London and costs 4p to charge a day, so it’s a logical choice of transport
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
YouTube at 15: The inside story of YouTube's history - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $THETA You left out the part how YouTube helped amplify white supremacists, flat earthers, anti-vaxxers, and other dangerous nutjobs, all for money to the detriment of society. 15 years to build one of the most detestable piles of shit ever unleashed on society
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amex sees slight improvement from billings - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Billionaire investor Alan Howard scored a 100% return for his hedge fund this year - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. MotivationalQuotes A little progress each day adds up to big results. Follow(QuickTips)
Source: BusinessInsider - 🏆 729. / 51 Read more »
Investors are betting on the future of police tech amid protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good I’m glad we are protecting our police Hi creatives! Would like to ask you help us with our big project that aimed to help all creatives and business owners in online business development. Link in bio! Thx!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Instagram marketing: Apps, tools, and guidelines for entrepreneurs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market's hottest trade most volatile since 2008, how to invest - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »