Ride-share e-scooters are parked on the sidewalks of major cities around the world. And 158 US cities Ride-share e-scooter systems already exist.
But some cities like New Orleans and Las Vegas have stricter restrictions on ride-share e-scooters. paris bus Voted to ban e-scooters, Others, such as San Francisco, have found it challenging to operate e-scooter ride-share companies, leading to BirdOne of the largest companies in the industry, to leave town, In a two-month period last summer, there were more than 12,000 citations for improperly parked scooters—which led to Bird paying $385,000 in fines.
Bird CEO Shane Torchiana said, “We operate in nearly 400 cities and they had the highest fine rates of any city in the world we operate in. And they were in the top 1% of cities for vehicle theft.”
Other cities, such as Washington, DC, see the e-scooter ride-share option as a valuable addition to their transportation infrastructure. The district recently increased the number of scooters allowed in the city through the end of the year – to 20,000,
“This is a program that has introduced a variety of diversity and additional mobility options throughout the district,” said Everett Lott, director of the district’s Department of Transportation. “It was designed with a commitment to provide equity, stability and of course also ensure that we have security in mind.”
Companies such as Bird, Lime and Spin have struggled to achieve profitability, although Lime announced it was able to achieve profitability in 2022 on an unadjusted EBITDA basis. Controversy And Sports injuries,
bird gone public through the SPAC in November of 2021 and its stock has declined by about 98%. Despite this, Torchiana is optimistic about the future, saying the company is working towards profitability.
“I think we’ll see a lot of progress this year. We guided for the year into 2023 to be free cash flow positive,” he said.
