Micromobility 101 – Why Scooter Startups are Worth Billions
Micromobility 101 – Why Scooter Startups are Worth Billions – Latest News Today
Cities have a bit of a last mile problem. Sure, their public transit system might be great, but it usually only gets you several blocks, maybe half a mile, from your home. Micromobility gives city dwellers more options. Companies like Bird and Lime offer mass-shared scooters and bikes that make urban travel easier, and customers love it.
In this week’s episode of Industry Focus: Energy, host Nick Sciple talks with senior auto specialist John Rosevear about the fledgling space of micromobility — where it is today, the biggest hurdles in its way, and how investors can get involved. All the pure-plays are private, but that doesn’t mean you can’t invest at all. Companies like Ford (NYSE: F) and GM (NYSE: GM) are getting in on the trend, while hardware makers like Xiaomi make for solid picks-and-shovels plays. But, just because investors can buy now, doesn’t mean they necessarily should. Listen in to find out more.
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