With the eScooter market expected to grow and reach around $41.98 Billion by 2030, it's the right time for electric scooter rental companies to add their name to the list. To help you understand the market and start, we have listed top eScooter companies with which you can partner or follow its footprints to achieve success.
The electric scooters market reached around USD 19.4 billion in 2020. The global market is projected to reach around 7% CAGR between 2021 and 2028. The growing demand for vehicles is coupled with increasing concerns over carbon emissions and greenhouse gas; it's anticipated to drive the adoption of eScooter over the forecasted period.
The eScooters are the ecological and profitable subset of the online commutation industry. It delivers a return value that is more elevated than other business models operating in the domain. Electric scooter companies can enjoy various opportunities by choosing to enter the domain.
Top Electric Scooter Ride Sharing Companies to Consider in 2022
The revenue in the E-Scooter market is estimated to reach around $1,752 million in 2022. Revenue is projected to grow by 13.30% CAGR, resulting in a project market volume of $2,888m by 2026. However, the eScooter sharing users are predicted to reach around 25.4m by 2026.
The electric scooters are all over Europe, the US, Santa Monica, San Diego, and Washington DC. The primary question is, how are they supported, where did they come from, and how do the urban communities cherish or disdain them? Which are top electric scooter rental companies to grab success in the market. We have discussed each factor of the blooming e-scooter domain.
The electric scooter is the future of daily commutes such as attending colleges, offices, tuition, activity classes, and more on a big campus. Students have recognized the affordable way to get around the city. Let's discuss the top e scooter companies right away.
Bird – Electric Scooter Rental Company
Founded by Travis VanderZanden in 2017, Bird is a micro-mobility company based in Santa Monica, California. The electric scooter rental company operates in more than 100 cities in North America, Europe, and the Middle East. Bird has offered 10 million rides in its first year of operation.
In the Series A round, Bird raised $15 million led by Craft Ventures, followed by a Series B round or $100 million, led by Valor Equity Partners and Index Ventures. The venture round for $150 million from Sequoia Capital made the company the fastest one to reach the $1 billion "unicorn" valuation. Bird raised around $300 million in 2018 and increased the company valuation to $2 billion.
Bird acquired Berlin-based scooter company Circ in 2020. Bird has also planned to launch in Austin after the approval of the "dockless" bike-share pilot program in 2020. The company has halted operations in a few European and US cities.
Lime – Electric Scooter and Bike Rentals
Neutron Holdings, Inc. operates an electric scooter and bike rental business under the name Lime, known as LimeBike. Based in San Francisco, USA, Lime is one of the top e scooter companies that run electric bikes, scooters, mopeds, pedal bikes, and car-sharing in different cities globally. The system provides dockless vehicles that users search and unlock through an app that knows the location of available vehicles through GPS.
Founded in 2017 by Toby Sun and Brad Bao, LimeBike raised US$12 million in venture funding led by Andreessen Horowitz. The company launched 125 bicycles in 2017. Lime raised more than $335 million and teamed up with Uber. The company has established itself internationally by launching in Madrid and launching electric scooters in the Spanish capital. The electric scooter rental company has around 3 million rides of scooters and bikes by the people.
Ofo – Smart Bike Sharing
Founded in 2014 by Peking University cycling club members as a project that focused on bicycle tourism before launching bicycle sharing. The Beijing-based bicycle-sharing company Ofo uses a dockless system with a mobile app to locate and unlock nearby bicycles. The company charges rates on an hourly basis; it has around 10 million bicycles in more than 20 countries and 250 cities.
Ofo was valued at US$2 billion and had more than 62.7 million monthly active users. Ofo has successfully raised US$130 million in funding from tech firms Didi Chuxing and Xiaomi in 2016, allowing it to grow outside China. A Series D funding round in 2017, led by Russian investor Digital Sky Technologies and Didi Chuxing, raised US$450 million for Ofo and was valued at $1 billion. Ofo has experienced a massive reduction in operations, and due to unpayable debt, the company has stopped operating in bike rental from 2020.
Spin – Ride Your Way
Founded in 2016 by Euwyn Poon, Zaizhuang Cheng, and Derrick Ko, Spin is an electric scooter-sharing and bicycle-sharing company owned by the Ford Motor Company. Skinny Labs Inc announced it's hoping to bring Chinese-style dock-less bicycle sharing to the US.
In May, Spin successfully raised $8 million in Series A venture capital financing led by Grishin Robotics. Later Spin launched in California as a part of a national rollout. Based in San Francisco, Spin was launched as a dockless bicycle-sharing system controlled by an app for reservations.
Skip - Scooter Rental App
Launched by Boosted Boards, Skip is a dockless electric scooter startup. Based in San Francisco, Skip has raised more than $6 million in funding with top strategies. Led by Initialized Capital via Ronny Conway's A Capital and Alexis Ohanian (Reddit co-founder) with SV Angel".
The company has planned to operate in Portland under a pilot program that aims to gauge how the controversial form of micro-transportation will fit in different cities. The commuters are required to download the Skip app on their mobile to find the scooter that is available nearest to them as well as scan QR code to unlock the E-scooter, and they're good to go. Users are allowed to book eScooters in advance using advanced features of the app.
Wind Mobility – Smart Electric Scooter Sharing
Barcelona and Berlin-based micro-mobility company Wind Mobility was started by Eric Wang in 2017. The company is dedicated to providing safe, fun, and convenient last-mile transportation. Wind Mobility is one of the top electric scooter companies; it has raised around $22 million in seed funding, giving competition to Bird and Lime. The company has successfully raised around $50 million in Series A funding, existing investors backed the funding, bringing total funding to reach around $72M.
Scoot – Scooter Rental
Founded in 2011 by Michael Keating, Scoot Networks is an American company that provides public bicycle sharing and eclectic rental systems. Scoot is based in San Francisco, California that offers an electric vehicle rentals service through a smart app. Scoot expanded its fleet to 400 in 2015 with the addition of cargo scooters from German manufacturer GOVECS. The company has accumulated around 1,000,000 miles of riding in 2016
In 2017, the company indicated plans to expand to additional cities beyond San Francisco. In 2018 the company expanded to Barcelona with 500 electric motorbikes and additional bike-sharing services with 1000 electric bikes. In 2019, after providing thousands of riders with millions of riders, Scoot was acquired by Bird. The electric scooter company became a wholly-owned subsidiary of Bird.
Goat – Dockless E-scooter Service
Goat is a dockless electric scooter company that is providing its service in urban areas. It reduces parking woes, traffic, and enables people to have improved experiences in their cities. It's a perfect solution for identifiable and modern-day transportation requirements. The company is working to make effective and environmentally friendly changes.
Recently Goat has launched its service in Austin after receiving official permits from the transportation department for its pilot program. Goat believes in working in tandem with the city officials in Austin and has bootstrapped its plans to partner with local cities and launch its electric scooter service across the nation.
Bolt – Fast and Affordable Rides
Estonian company, Bolt offers vehicles for hire, car-sharing, food delivery, and more. Headquartered in Tallinn and operates in more than 300 cities and 45 countries in Europe, Western Asia, Africa, Latin America, and more.
The company had 25 million customers in 2019, which increased and reached around 75 million customers globally, while nearly 1.5 million drivers use the electric scooter ride-sharing platform to offer rides. The platform was founded by Markus Villig in 2013 with a vision to aggregate Riga taxis and all Tallinn.
How Much Cost and Time Does It Take to Create eScooter Apps?
Many electric scooter rental companies make it easier for riders to hire scooters as per needs to reach the desired destination on time. If you want to compete with top e scooter companies in the market, then it becomes crucial for you to launch your business online with the best-performing solution that helps you manage everything from one place.
Wondering how much it costs to launch your business online with a feature-rich solution? The electric scooter app development cost depends on various factors like
· Features integrated;
· Platform selection;
· Technology used;
· UI/UX complexity.
There are many more that affect development costs. Get in touch with our sales team to have an exact quotation for electric scooter ride-sharing app development. Contact us at: [email protected].
Ending Note
The electric scooter ride-sharing business has gained the spotlight in recent years. People are more likely to switch to conventional bikes and scooters over electric ones. The main reason for this is the benefits that electric scooters offer; this explains to you why you need to launch an e-scooter sharing business.
As this micro-mobility depends on apps to book e-scooter rides, you need to consider the e-scooter mobile app development. A user-centric and feature-rich app can help you achieve success in the market. Want to develop advanced solutions for your business? White label fox is always ready to help you. Have a look at our services for more information.
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