Electric scooters may not be around for long…

Electric scooters have been one of the biggest tech crazes of the last year, with venture capitalists pouring more than $1 billion into the startups. But the fundamental numbers don’t add up because the scooters don’t bring in enough money to cover their costs. If the business continues on its current path, the scooter hype might be short-lived.
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  • How do you feel about having scooters in your city/town?

    The VergeThe Verge3 महीने पहले
    • I like them and find them convenient, but the reality is people in general don't have the skill and judgement to use one properly. Great example I saw the other day in Nashville, a mom rented 4 bolt scooters for her and her kids. She was riding with one kid on the scooter with her and 3 others were ridden by her children. No helmets on any of them and they ran several stop signs and nearly hit a car head on in the two minutes I was watching them. I'm sure that happens many times per day in Nashville. I personally have my own xiaomi scooter and love it but I can see why people get annoyed.

      Darren GriffithDarren Griffith2 दिन पहले
    • They’re great and the only people hating them are boomers

      PiccoloPiccolo11 दिन पहले
    • Doesn’t bother me so long as they stay on public priority and the riders respect pedestrians.

      Velo1010Velo101011 दिन पहले
    • Haven't had the chance to try them yet. They're sparse here in Trondheim, and if the map on the company's app is to be believed, about 30 of them has already found their way into the river.

      nullnull12 दिन पहले
  • I do not understand your calculation at 2:35 Generating 2.32 Dollars per ride or all 3.5 rides together?! If it is per ride then you will have a total revenue per Scooter of 234 (=28.8*3.5*2.32) Dollars! But you come to 67 Dollars only! That means you argue that all 3.5 rides TOGETHER make a revenue of 2.32 Dollars (28.8*3.5=67). But that is impossible as one ride would cost only 66ct (2.32/3.5=0.66) and - as you mentioned - alone starting a scooter-ride costs the customer 1 Dollar. So is your calculation wrong or have I made something wrong?

    Tutor Daniel WolfTutor Daniel Wolf2 दिन पहले
  • Also consider that in the eastern half of the United States you basically have a 6 month window to rent scooters due to winter and even then it's raining often.

    Darren GriffithDarren Griffith2 दिन पहले
  • Who needs feet anyway? Right?

    BeanBean2 दिन पहले
  • a lot of lies here

    Deridder EvelienDeridder Evelien4 दिन पहले
  • People at my nearest park threw like a dozen of these scooters in the parks pond 🤦‍♂️🥴

    MortyIsTrashMortyIsTrash5 दिन पहले
  • what about the fact that they pay people to charge the scooters could that mean that they aren't losing that much money??

    Ponce the Guitar GuyPonce the Guitar Guy7 दिन पहले
  • Verge don't be so hard on them LOL. If my new car needs maintenance after 1 month, that doesn't mean that its the lifespan of the car.

    DiptoDipto7 दिन पहले
  • Because throwing scooters in a lake doesn't pollute at all. American retardation at it's finest. It's not the scooter's fault that they don't last, it's the American retardation again. They last much longer here in Norway or Stockholm where I am on vacation right now.

    Hi-Fidude66Hi-Fidude667 दिन पहले
  • Move factory again. Cheap labor. Solve

    Ra LiRa Li8 दिन पहले
  • This is the solution to the last mile problem public transportation has and people are destroying it for shits and giggles.

    Aleksandr VasilenkoAleksandr Vasilenko8 दिन पहले
  • Only idiots will go for scooter sharing in US. Ya the startups are giving cheap ride to snook gullible investors to pump in money.

    Torr HTHCTorr HTHC9 दिन पहले
  • Americans dump electric scooters in a lake??? As a protest?? Why. What did the normal Americans say about that?

    Dragan BakemaDragan Bakema10 दिन पहले
  • Excellent point of view and totally right

    Mohamad WahbaMohamad Wahba10 दिन पहले
  • The very reason they get vandalized is people (mostly kids and teens, as well as immature adults) is there is a upward spiral of people with NO respect for property. Instead of moving the scooters or ignoring them they rather vandalize because they have this pent up anger inside of themselves.

    Velo1010Velo101011 दिन पहले
  • Wait wait... where is this number from? $2.32/ day per scooter? That seems kinda low.

    Matthew NgMatthew Ng11 दिन पहले
  • With all use and abuse these scooters go through it’s a gamble to trust the brakes will work or something will malfunction. Yeah no thanks.

    Dharma RamDharma Ram12 दिन पहले
  • You don't have to rent it you can buy it if you really want it and pay for it in installments, in the UK their is a grey area with them but it's packed with them especially in London

    Jordy OrtizJordy Ortiz12 दिन पहले
  • i see people with electric scooters daily in Sofia, Bulgaria. Not rental tho. Personal scooters. i'm considering buying one.

    Anton SpirinAnton Spirin12 दिन पहले
  • Proberly the worst invention ever 🤔

    Mortimus MaximusMortimus Maximus13 दिन पहले
  • End of the day, ‘it’s not the (scooter), it’s the (rider)’ - that results in risky behaviour during riding and lazy habit when parking

    ahkl77ahkl7714 दिन पहले
  • That's really interesting. We thought we got us some scooters and calculated they were 10$ per hour and since we wanted to rent them for a few hours it would have been cheaper to rent a bike or get an Uber (depending on the amount of fresh air and workout we wanted). So I thought they must make lots of money because they are not cheap, they outsource the charging to users and so on. Obviously that was wrong. Anyway I'm still not sold on the concept. I mean I'd like it if there was one of these fully charged anywhere I am and need one, but I don't want them to clutter the streets. Also I don't want to carry one around all the time in case I feel like riding it.I have no idea how this is this solved.

    Ce1esCe1es14 दिन पहले
  • if they fail, give them to me I'll use em

    damien kingdamien king15 दिन पहले
  • I think you got the math 100% wrong on scooters. 2:14 Price = 500 USD 5 months * 30 * 5 rides/day = 750 rides. Minimum fare is 1$ + 15cent Average fare is ~4$ So that would be about 750 *4 = 3000 $ revenue $3000 $ - 500 USD cost = 2500 NET PROFIT after 5 months. That's insanely profitable. That's why they grow so fast.

    Michael Stark InvestingMichael Stark Investing15 दिन पहले
  • I don’t why people damage a scooters. I have seen some broken in half in my city

    Fermin CabreraFermin Cabrera15 दिन पहले
  • 3:10 You simply can't compare the USA to the rest of the world. I can't imagine something like this happening in Germany.

  • Dump scooters in a lake. Genius! God bless the great USA. What would the world do without them?

    Nikolay MegdanovNikolay Megdanov15 दिन पहले
  • I have my good old bike since 2 decades. Thanks.

    Ricardo CilloRicardo Cillo15 दिन पहले
  • Video broght to you by BIG Petrol Company!

    Sergiu Andrei BotoranSergiu Andrei Botoran15 दिन पहले
  • I wish that the areas in which these scooters are suppose to be ridden were friendlier to alternative transport ion. Most cities feel super unsafe to ride around because there’s not enough bike lanes or space for riding.

    Victoria SmithVictoria Smith16 दिन पहले
  • Imagine vandalizing scooters and uploading a video of you doing it then getting sued lmao

    life simulatorlife simulator16 दिन पहले
  • No scooter can survive American stupidity.

    SubVersaSubVersa16 दिन पहले
  • I got nothing against the scooters, but the people who use them should be more responsible for them

    duinay3duinay316 दिन पहले
  • The numbers presented are quite questionable, I would say. Looking at the worst city for durability, taking the worst estimate for revenue/day and using the selling price of scooters to mainstream public is far from the business model these brands operate. I agree, however, they need to fix the pick-up/drop-off strategy since at least in my city they are creating a huge mess around.

    Tomás MartimTomás Martim16 दिन पहले
  • They are simply to dangerous and are not at all suitable for the traffic. You can't control them safely, the wheels are to small and the distance between the ground and the scooter is just to small.

    Robin PfadlerRobin Pfadler16 दिन पहले
  • Wtf they leave no carbon footprint. How are they bad for the environment?

    Seza not Jeza BelleSeza not Jeza Belle16 दिन पहले
  • Because they're cheap to use and widespread so breaking one of these don't make a lot of people worried. I suggest we tighten the environment and decentralize the company so it can keeps tracks of currently available scooters. It's not easy if you're a company and you have to spent time for maintaining the scooters, but it worth the price.

    Dormouse CatDormouse Cat17 दिन पहले
  • Lower the maximum cost per day with a subscription and require the bikes to be docked after use.

    Freek MonsuurFreek Monsuur17 दिन पहले
  • tragedy of the commons. is the proper anthropological term describing the failed model.

    Adam AugustusAdam Augustus17 दिन पहले
  • your plant is wildely unsustainable

    Adam AugustusAdam Augustus17 दिन पहले
  • When the rider is a little heavier... *cough* ... average american slob

    WrongderfulWrongderful17 दिन पहले
  • Penalty for wrecking scooters.

    Michael TsimmermanMichael Tsimmerman17 दिन पहले
  • We have them in sweden too

    Felicia WrightFelicia Wright17 दिन पहले
  • You don’t understand the real business model. All of these companies are selling the valuable data they gain by tracking your ride. Accurate location data linked with your personal profile (contact details) is worth a fortune. The money from rental is a side show.

    London Street RiderLondon Street Rider17 दिन पहले
  • So basically his argument is that the investors are being scammed. That's their problem! They'll run out of money, the good investers will prosper and we're all better for it.

    NecunoNecuno18 दिन पहले
  • The scooters last way longer than that in civilised countries

    ..18 दिन पहले
  • This video dosent take into account that the scooters are maintained sure they break in a month but they arnt thrown away they take them to the warehouse and fix them they have a team of scooter mechanics and yeah that has a cost but it means that the scooters can last years I work for lime btw I collect broken scooters all day and the next day I drop those same scooters off for more rides

    malik robinsonmalik robinson18 दिन पहले
  • surely they need to be road legal or atleast pathways,if they only reach maybe 15 to 20 mph ,and quiet and clean with no pollution,will they ever be legal? that's the way forward!

    alphadog708alphadog70818 दिन पहले
  • Tel Aviv?

    NoxmilesNoxmiles18 दिन पहले
  • Only lusers use scooters

    asi somos tijuanaasi somos tijuana18 दिन पहले
  • In Oslo we get points that we can use to get more rides by parking the scooters in a designated spot. And I haven't seen any of them in bad shape or any dumped in lakes, lmao. I think this will work in Europe and maybe parts of Asia, but it seems some americans are ruining it for eveyrone.

    Em1lit69Em1lit6918 दिन पहले
  • What's the big idea with scooters? Is it because people aren't used to riding bikes? Is it the electric part? I can't really see it but then I might just be a creature of habit.

    Asger HBAsger HB18 दिन पहले
  • It's the business model that won't be around. Not all scooters are publicly shared man. Fix the title.

    TextfieldTextfield18 दिन पहले
  • Not^built to last would have looked better

    Richey SantiagoRichey Santiago18 दिन पहले
  • Good

    Buggle MagnumBuggle Magnum18 दिन पहले
  • Bad business model. Stop buying such cheap scooters from china.

    Sparta BatallionSparta Batallion18 दिन पहले
  • What are everyone’s thoughts on companies like Uber and Lyft acquiring companies like Bird and Lime? If acquired, could synergies between the two ride-share platforms help create a more cost effective model?

    Tony ValadezTony Valadez19 दिन पहले
  • This is why we can’t have nice things.

    Tony ValadezTony Valadez19 दिन पहले
  • so a brand new concept isnt working out instantly? my god the horror!

    wantafanta01wantafanta0119 दिन पहले
  • Steal them all and dump off a cliff

    zambot3zambot319 दिन पहले
  • They won’t make money as long as the scooter comes from China (25% import tax)

    LukeLuke19 दिन पहले
  • the scooters could easily be made pofitable, just make it so the battery packs can be serviced, wheels replaced, and the bearings can be lubedd and eventually replaced, the frame could be banged up over time but who cares about that if it still functions, servicing the scooters could take as little as 10 minutes and it would be a lot cheaper than replacing the whole thing, in case of events such as throwing them into water they could either waterproof the battry pack by sealing it in plastic with only 2 contacts leading out so it can still be changed out or just replace them upon damage like that

    kiyosen L.kiyosen L.19 दिन पहले
  • Wow the laziness

    Miles PrangeMiles Prange19 दिन पहले
  • *oliver tree cries in the corner*

    I'm a swimming foolI'm a swimming fool19 दिन पहले
  • And now there’s a Geo Fence around lake Merit that blocks scooter traffic and puts on the brakes so people don’t keep throwing them in the lake. Also, they weren’t scooter haters, they’re just people from Oakland 😂😂

    AbnormallyNormal //AbnormallyNormal //19 दिन पहले
  • In Hong Kong there's no such things as scooters, and we only have bikes outside the CBD.

    PatheticTVPatheticTV19 दिन पहले
  • hey, you are not lou. and where is the thing?

    BawbawBawbaw19 दिन पहले
  • I'm afraid this will turn into the china bike thing where comanies dump hundreds of thousands of bikes on the streets that will pile up and pile up and pile up with no end on sight. Plus I have my doubts about them being economically friendly at all. I don't even want to know how much pollution their production, collection and destruction causes...

    ExidrialExidrial19 दिन पहले
  • 28 days later: scooter apocalypse

    Lewis HallLewis Hall19 दिन पहले
  • I'm going to buy a scooter for personal use.

    AntonioKowatschAntonioKowatsch19 दिन पहले
    • Did u see the price lol

      BEN GRANDBEN GRAND16 दिन पहले
Electric scooters may not be around for long…