After the initial rush, micromobility companies must mature to secure investment

Scooters and bikes received a rush of attention from VCs in 2018, but with problems surfacing in the business model, the sector knows it's time to get serious. By Xavier Boucherat

A trip to practically any major city reveals a healthy appetite for micromobility solutions. They have proven a clean and popular first and last-mile solution for many, connecting travellers to mass transit options and replacing journeys that might otherwise be made in fuel-burning vehicles. Lime, the US-based dockless scooter rental company, says that a third of its users have reported a scooter trip replacing a journey that would otherwise be made by car, taxi or minicab.

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