Lime Exec: Scooters, Bikes, and Ride-Sharing Will Boost Real Estate Values

Could scooters boost your home value? David Richter, chief business officer of Lime, the e-scooter startup, believes so. The former Uber executive raised the possibility at Fortune’s Brainstorm Tech conference on Tuesday that streets decluttered of cars and cleared for other lightweight transportation options may lift real estate values. “Whether at Uber or Lime, I’ve […]

Bird Buys Competitor Scoot, Further Consolidating the Crowded Scooter-Rental Market

Electric scooter rental firm Bird has agreed to buy competitor Scoot as it continues to expand its global footprint. The acquisition, announced Wednesday, is an example of what many market watchers have been saying about the scooter industry: The long list of rivals will consolidate and that a few major players left standing will prevail. […]

Uber’s First Earnings After IPO May Reveal More About Its Scooter Ambitions

Uber and Lyft are spending big money to ramp up their electric scooter businesses even as they face rising scrutiny about their lack of profits. They’ve hired big teams, bought thousands of scooters, and are continuing to invest in creating their own scooter designs. But despite disappointing recent initial public offerings and super-sized losses, the […]

Uber Plans to Roll Ahead of Competition With Custom Electric Scooters

Uber has high hopes for a custom scooter it plans to roll out later this year that it says will be more comfortable, durable, and more difficult to vandalize. “We believe scooters are a part of the future way people get around city centers,” said Michael Beckman, Uber’s head of scooters. “Both electric bikes and […]

Bird Scooters Ditches Gig Economy Mechanics in Favor of In-House Repairs

The scooter rental company Bird Rides Inc. has quietly begun abandoning its practice of paying independent contractors a per-vehicle rate to fix its scooters in several cities. In late February, mechanics working in San Diego received an email saying their services would no longer be needed, and that they should repair any vehicles in their […]