U.S. factories face issues with sourcing from Mexico; Permian basin output to decrease in May; Lime raises funding from Uber.
The micromobility segment has arisen as an alternative transit option across major cities, and companies in the segment will need to be tactical in their approach to profitability.
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E-scooter startup Lime is stopping operations in a dozen cities across the world and laying off 14% of its workforce.
Lime’s shift away from car-sharing allows the company to transition into Seattle’s first electric-scooter-share pilot.
A new study finds that e-scooters’ environmental footprint surpasses that of the transportation they are positioned to replace.
Lime moves ahead with the backing of venture capital and hopes that car-reliant metropolitan areas like San Antonio will embrace a cleaner, more communal way to navigate city life.
Consumer enthusiasm and sky-high valuations disguise a bevy of industry challenges.
Uber announced its fourth quarter earnings yesterday, with the results showing its market dominance in the cab-hailing segment and its extensive investment across different niche verticals it has expanded into recently.
Off late, electric scooter company Lime has been in the news for the wrong reasons. Batteries burning up, bike vandalism, fragile bikes breaking down, and the latest – abrupt braking issues.
Investors are pumping millions into on-demand transit startups working in taxi-hailing and e-scooter sharing, but questions still remain if they can turn in positive bottom lines in the years to come.
E-scooter startup Lime is having problems with vehicles catching fire – a problem it attributes to the batteries produced by Ninebot. It also is hearing complaints of bikes breaking down, which it figures is a design flaw of all Okai-manufactured vehicles, leading to a mass recalls on the said bikes.
Since the launch of Ford Smart Mobility, Ford has been intent on gaining ground in alternate mobility with e-biking being an important segment. Apart from acquiring Spin, the company has also bought GoBike and has launched an e-bike service ‘Jelly’, across the Purdue University campus.
As e-bike sharing startups flush cities with bikes for rent at dirt cheap prices, city administrations need to take a look in and understand the impact an unregulated e-biking scene could have on its roads.
