Simple answer: Yes!
E-scooter app business is a profitable business and good for entrepreneurs looking for a low-investment, high-return model that has great potential to scale. Let's understand the top 5 reasons for this.
The top players are well-established in the cab industry making it difficult to gain market share. It is going to be hard to penetrate the market and will produce slow returns. With e-scooter sharing apps, the market is largely untapped in India.
You can gain a first-mover advantage and scale quickly to make your business the top scooter-sharing application.
Investor’s Favorite :
This segment of the market is receiving huge funding by investors. The EV market is in the growth stage and raising funds will not be that hard if you have a solid business plan in hand. Investors are willing to explore the space and see potential here.
The primary investment and fixed cost in this business is the batch of e-scooters you purchase and the app you develop for it. Parking station fee is another recurring cost. The marketing cost is variable and no commission-based revenue from drivers. You keep the entire fare paid by the customer.
Also Read: E-Scooter App Development: A Complete Guide
Returns and Profits are quicker
Given the low operating cost and low CAC, returns are quicker. The e-scooter sharing app business can break-even faster than others and profits will soon come in.
Check out our latest case study on e-scooter here!
Multiple revenue streams
Apart from the D2C model where customers will place on-demand orders through the app, E-scooter sharing apps business generates profits through various sources. The B2B model where you can provide services to hotels, resorts and academic institutions, creates a new revenue stream.
At Coruscate, we help your business grow and provide technological support solutions. If you are looking to build a profitable e-scooter business, book a consultation with us and develop the best app with us.
You can also go through our e-scooter app development services here! We have been a part of this micro-mobility movement and leading it for the last several years.
Join us in this movement by being a part of the e-scooter business. Contact us for more information