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Subject: FYI, Some scooter companies doing moderately OK, others not so much
What You Need to Know This Week
Leading off, Lime may only have 12 weeks left before it runs out of money, according a source within the company. Documents show that, over the course of three days in mid-March when many cities were shutting down in response to the COVID-19 pandemic, the scooter giantâs revenue and ridership plunged by two-thirds. Lime felt the impact acutely in its biggest market, Paris, where trips crashed by 98%. The company is rumored to be looking at laying off 50 to 70 people, mostly at its San Francisco HQ. | Bloomberg
To stay afloat as ridership collapses, many shared micromobility providers are limiting service.
Lime is âwinding down or pausingâ in Australia, Austria, Belgium, Brazil, Bulgaria, Chile, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Israel, Italy, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland, the United Kingdom, and the United States. It will continue to operate in a handful of cities in the United Arab Emirates, South Korea, and New Zealand.
Bird is temporarily shutting down in all of Europe as well as San Francisco, San Jose, Sacramento, Portland, Miami, and Coral Gables in the U.S.
Voi hit pause in all but nine cities: Copenhagen, Helsinki, Gothenburg, Stockholm, Oslo, Berlin, Hamburg, Nuremberg, and Munich.
Jump paused operations in Sacramento, one of its biggest markets.
Wheels suspended service until the end of March.
Tier is keeping a reduced fleet active in Germany, Sweden, Norway, and Finland, while removing scooters in Italy, France, Spain, Switzerland, Austria, and the UAE.
Spin, by contrast, is embracing its role as an âessential serviceâ for people who cannot quarantine and do not feel safe taking mass transit. The Ford-owned company is stepping up its scooter disinfectant procedure and continuing to operate as normal in many places in the U.S.