INDEX

2-Wheel Electric Urban Mobility on the Rise: Uber and Lyft Setting Eyes on Bikes and Scooters

by Dominique Bonte | 3Q 2018 | IN-5203

Across the globe, two-wheel mobility is finding its second (electric) breath. Electric scooter and motorbike sharing initiatives are popping up in many cities, either as trials or as larger commercial deployments. At the same, traditional, sometimes decade-old, bike-sharing schemes are upgraded to include electric bikes. While China has long been regarded as the birthplace of bike and scooter sharing, the United States has recently been catching up, initially mainly in California, with Bird and Lime expanding aggressively, driven by VC investments. Electric scooter-sharing company Bird has raised US$400 million in 4 months (US$300 million Series C funding round recently announced) from the likes of Sequoia Capital, Tusk Ventures, and Greycroft Ventures, reaching a (rumored) US$2 billion valuation in its first year of existence.

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