Are on-demand e-scooter’s the next big thing?
The rise of the on-demand economy has created many opportunities for entrepreneurs. Uber completely revolutionised the taxi industry driving huge shareholder value.
Now, the main question on most West Coast VC’s lips is if on demand e-scooters are the next big thing or the next big fad? All the data is suggesting it could be next big thing. The popularity of the on-demand electric scooters is growing in the major cities of the United States. Its popularity may soon grow in the other metropolitan cities of other nations as well.
On-demand Electric Scooter Market is in the limelight…
On-demand electric scooters are getting a lot of attention from both the public and investors (Source).Fresh from raising $150 million, Bird is highly likely to get another huge investment and that investment could increase its valuation to $1 billion plus.
Uber addressed the problem of getting quick car rides. In the casw of on-demand electric scooter startups, they address the issue of taking short hops in congested areas.
If you are residing in a major metropolitan on the West Coast, you will have seen a Bird and Lime scooters nearly on every block. Now the question globally is when will we see them in our cities.
