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> excluding any promos, transaction costs or maintenance/juicing fees Plus overhead of customer service and engineers to actually build/maintain the service an
by mdorazio 7y ago
> excluding any promos, transaction costs or maintenance/juicing fees
Plus overhead of customer service and engineers to actually build/maintain the service and of course data plans to keep the scooters connected. These are almost certainly more than the 14% gross margin. Long-term profitability of these companies remains questionable at current activation/per-minute fee levels.
- Scoundreller 7y agoMaybe, but I kinda assume that the same fleet is rolled out across hundreds if not thousands of cities. It gets divided by a lot. At least We can establish an upper ceiling on return.