Jun 21, 2018

Is the e-scooter craze more bubble than business?

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Venture capitalists have invested hundreds of millions of dollars in scooters — electric scooters, specifically. On a sunny day in San Francisco, they're clogging…

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Is the e-scooter craze more bubble than business?

Jun 21, 2018
A look at the tangled investment web that’s fueling so-called micro-mobility.
Justin Sullivan/Getty Images

Venture capitalists have invested hundreds of millions of dollars in scooters — electric scooters, specifically. On a sunny day in San Francisco, they’re clogging every sidewalk. Lime and Bird are the two best-known options. They also operate in Santa Monica, California; Washington, D.C.; Austin, Texas; and Atlanta. You use an app to check out a scooter, GPS tracks your location and you just drop it anywhere when you’re done with it. There’s speculation that Uber or Lyft will buy one of the bigger companies since both have invested in electric bikes. Paul Kedrosky, with SK Ventures, spoke with Marketplace Tech host Molly Wood about how the scooter investment craze goes back to Segway. (06/21/2018)

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