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I'd love to be proven wrong, only future will tell, but this seems to be yet another fad being funded by free money from VCs. In fact the only winner in all of
by yumraj 8y ago
I'd love to be proven wrong, only future will tell, but this seems to be yet another fad being funded by free money from VCs. In fact the only winner in all of this are the manufacturers who are making these scooters.
According to https://qz.com/1257198/xiaomi-makes-the-bird-and-spin-scooters-taking-over-san-francisco/ https://qz.com/1257198/xiaomi-makes-the-bird-and-spin-scoote... at least Bird and Spin are using Xiomi scooters.
Lime is also made overseas, read China. So, this is nothing but Silicon Valley VC money, actually their LP's money, moving to China.
- kojeovo 8y agoVery little moving to China according to that aticle > Bird could buy a fleet of 500 scooters for $137,500, or 0.1% of its total funding
- yumraj 8y agoAccording to the same article, Lime has deployed over 35,000 bikes and scooters across the US since last June. They are available at $250 - $299 a piece (https://www.alibaba.com/product-detail/hot-sale-best-original-xiaomi-m365_60744403238.html https://www.alibaba.com/product-detail/hot-sale-best-origina...) Plus there is shipping, which I don't know the cost. So, that itself, before shipping and customs is is $8.75M - $10.465M. Not exactly chump change.