3 ms·
E-scooters are a very tempting business because the napkin math is very tempting. In my neck of woods escooter rentals are 10+ Euros an hour. So 500 Euros for
by sireat 7y ago
E-scooters are a very tempting business because the napkin math is very tempting.
In my neck of woods escooter rentals are 10+ Euros an hour.
So 500 Euros for scooter / 10 => 50 hours to break even
Then you say okay maybe only 1 percent utilization => 5000 hours which is still ~6 months (we are talking napkin math).
This makes for a great elevator pitch.
Only later do you start worrying about vandalism, logistics/costs of gathering scooters every night etc.