Electric scooters are currently overtaking station-based bikes as the most popular form of transport outside automobiles and transit.
Riders took 38.5 million trips on shared electric scooters in 2018.
Scooter businesses are facing challenges by every direction such as theft, vandalism, rider injuries, intense competition and competitive regulations in cities across the U.S.
Nevertheless the scooter business persists, and ride-hailing businesses, venture capitalists and classic auto producers continue to pour millions to the businesses.
Businesses are jockeying for position in the so-called micromobility revolution, where customers are embracing ride-hailing services, scooters, automobiles and bikes that can be hailed and paid for by smartphones.