Some of the biggest e-scooter startups are joining hands with the ride-hailing companies to earn profits together
Electric bikes and scooters are growing in popularity and have efficiently become a convenient alternative for transportation, resulting in multiple acquisitions within less time. Lyft has confirmed the acquisition of electric bike sharing company Motivate, whereas Uber has acquired e-bike company Jump. We have also heard about Ford acquired scooter startup Spin for around $40 million.
Current Market Scenario of ride hailing companies and e scooter startups :
According to the reports, Uber is again set to acquire an electric scooter company. The ride-hailing giant is reportedly having acquisition talks with e-scooter startups Bird and Lime. A deal with Bird, which is the larger scooter rental company of the two could result in a multibillion-dollar business. They are hoping to announce the deal before the end of the year.
It is notable that Uber already holds a minor stake in Lime. Also, Uber has agreed to rent its e-scooters through its app.
The phenomenon has become widely popular in the US and the electric scooter craze is slowly spreading in Europe also. The ride-hailing companies just want the e-scooter sharing to be added to their app. Estonian ride-hailing firm, Bolt has launched its electric kick scooter-sharing service in Madrid following a rollout last year in Paris.
The companies are aware that beating traffic has become a huge issue in urban areas. Many of the trips are covered conveniently with an electric scooter than a car with a driver. Bolt co-founder and CEO Mark Villig explained that by bringing in e-scooters, it became easier to save time and money for the customers. The move has marked a stepping stone towards new mobility options beyond ride-hailing.
Looking at the bigger picture the e-scooter companies which are running low on cash either need to raise new money or merge with some other companies. And the bigger companies like Uber have their own agenda while buying smaller startups. For example, before acquiring Jump bikes, Uber made them available in some areas using its app. Uber is doing the same with Lime. Somehow, Uber doesn’t want the history to repeat itself, having another competitor like Lyft.
The two startups, Bird and Lime are reportedly having informal discussions about a merger. Though the discussions have been on and off from some time, they might become true in no time. As consolidation came to ride-hailing, it is expected for the scooter sharing companies also. A merger can help the e-scooters to maintain stability in the market rather than being acquired by Uber or Lyft. The merger of e-scooters can also help them in raising more money.
According to a report in TechCrunch, even the Chinese bike-sharing company, Mobike is not left untouched by the recent trends. It has been acquired by Meituan-Dianping for $2.7 billion. The executives of Mobike ride-hailing company are raising $20 million from the outside investors to spin-off their European operation. Mobike will be retaining 49 percent share out of the spun-off operations. The European business is valued at around $100 million.
Mobike is currently active in the UK, France, Germany, Italy, Spain, and The Netherlands. The company has shuttered some of its operations but it is also rolling out its services in other cities, the most recent being Padua, Italy.
Meituan is publicly traded and valued at around $42 billion. They are rebranding Mobike as Meituan Bike to bring it closer to the parent company and wash off the bad reputation that Mobike picked up along the way. Meituan has put a stop on an aggressive expansion of Mobike.
Also, Hongji Bike, which was co-founded by the original co-founder of Mobike has stated that they have picked up a lot of engineers from the company to ramp up efforts to build bikes, e-scooters and other personal vehicles for many on-demand startups. Lime is one of the company to have ordered 40000 bikes from them. Mobike seems to have a bright future with Meituan.
Despite the making and crashing of the companies, the e-transportation business with the taxi booking apps as well as the e-scooter sharing apps is expanding into multi-modal transportation. More acquisitions are expected in the coming days.
If you are thinking of getting into the e-scooter sharing app development you need to consider the above facts and study the industry to find yourself a good investor and raise a good amount of money. To give a tough competition to the ride-hailing and e-scooter giants, you need to have a good number of users to sustain in the industry.
To do that, you need to go for a good e-scooter rental app development. The e-scooter sharing app is the best investment to avoid future insecurities in business and reach more and more audience every day.
Here is the cost of development of an e-scooter app with basic features.
We have entertained more than 10000 queries related to e-scooter app development. Our research team keeps an eye on the latest updates that are happening in the e-scooter industry and what can be the future scope of e-scooter app development. When you contact us, we introduce you to one of the members of our research team who makes you aware of the recent developments and the things which can help you kickstart your e-scooter business. They provide you the list of unique features that you can add to your e-scooter app.
Our developers have expertise in the latest technologies like IoT, AI, and machine learning and can develop great apps running on various platforms. They dig deep into your requirements before starting the design for your app. We have a record of 100% success rate and we strive to keep up the same. Amidst awards and recognition that our company has got, we have kept our clients as our top priority and help them to take their business to the next level.
Click below for further inquiries and for a free demo.
E-scooter app development: How this new business model of e-scooter rental business can take tourism and micro-mobility industries to the next level?
Considering the fact that an e-scooter rental company is making $1 of profit per ride, per e-scooter and every e-scooter completes 5 rides in a day, that company can make…
Revel electric moped startup plans next for Austin : Develop E Scooter sharing business app in Texas + How to Make an App Like Revel + Create an App like Revel + Apps Like Revel + Develop Alternative of Revel
We all know that our future has a lot to do with the consumer adoption of the “shared economy”. This is slowly changing the human way of thinking about ownership…
Lime’s e-Scooters Have Arrived in Canada! How to Launch Your Own Electric Scooter App Like Lime? Or Lime Clone App? + How to Make an App Like Lime + Create an App like Lime + Apps Like Lime + Develop Alternative of Lime
Electric scooters are paving way for green transportation. Lime scooter app, based out of California, has spread its wings across states and countries. Just two months ago, the company had…
It is a new startup with limited initial capital, yet competing bravely with Lime and Bird. Know everything to build an e-scooter app like Wheels + How to Make an App Like Wheels + Create an App like Wheels + Apps Like Wheels + Develop Alternative of Wheels
With the advent of many micro-mobility startups that are offering affordable e-scooter rides, the global micro-mobility market has intensified so badly that the establishment of the new micro-mobility startups has…
An ultimate business guide from market leaders to start an e-scooter sharing business in Montreal, Canada
With many Canadian cities legalizing the use of e-scooters on public roads, the Canadian micro-mobility market is going through halcyon days. Many big players like Lime, Bird, and Jump have…
Build an e-scooter app in Malaysia and start electric scooter sharing business in Kuala Lumpur, Malaysia – the most underrated micro-mobility market
The easiest way to taste the success in electric scooter sharing business is choosing city suffering from traffic congestion as the business terrain. Because people of that congested city have…