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Bird and Lime boast more than 10 million riders

VC’s view e-scooter startups as the next ride-sharing companies

Credit: Andrew Liptak / The Verge

E-scooter startups Bird and Lime have both individually crossed the 10 million ride mark, according to TechCrunch. VCs view these startups as the next Uber or Lyft — the next medium to disrupt urban transportation. Both companies are valued at over $1 billion.

Be Smart: The major difference is that scooter companies own their scooters and charge rental fees, whereas “ride-hailing companies” take a percentage of the driver’s earnings. E-scooter startups pay people to collect and charge the scooters at night.

NYC Regulation Angle: E-scooters are illegal under current New York state and city law… Earlier this week, City Council members introduced legislation to legalize e-scooters that can go up to 15 mph. While the Mayor has opposed legalizing e-bikes and e-scooters in the past, he seems open to reviewing the proposal.

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