RIDEGURU
$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."
Comments
The days of the unicorns are back! So much cash, especially considering people are throwing at a bunch of scooters!
These are automated scooters and can really help short distance travels and commutes. I feel like this is a segment no one else has covered before. You wouldn't take an Uber four blocks away but you would a Scooter. Sure you can walk it but you'd also pay $1 to make it easier.
I am actually a fan.
I do have to say that this business model is a pretty easy to copy, and also not that expensive to enter. I already see a mud fight in the near future.
You say just a bunch of bicycles but they offer powered scooters that are pretty darn convenient.
The value of that scooter company is $2.4 BILLION. ($2,400,000,000.00)
Do you really think that a handful of bicycles and scooters is worth that amount of cash?
LOL I always feel like these company valuations are insanely high.
It's just another company that can be shut down with one decision from the city/town. Too risky.