$300M business for a scooter rental company that rents them out for $1 each!
This isn't even gig economy. It's a bicycle rental. Where's the disruption? Where's the technology break through?
Will people really change their ways that this will be a huge hit?
"Confirming rumors that have been swirling for some time, on-demand electric scooter and bike startup Lime today announced that it has closed a $310 million series D financing round led by Andreessen Horowitz, Bain Capital Ventures, Fidelity Investments, GV, and IVP. It values the company at a whopping $2.4 billion — double the previous valuation of $1.1 billion."