
Bloomberg Businessweek just published this article summarizing the impact that Bird and its electric scooters are having on Los Angeles. Here are a couple of highlights:
- Bird launched a year ago and is, today, valued at around $2 billion.
- The company has around 15,000 scooters on the road in Los Angeles. We already know that this is making some/many people grouchy.
- The cost to rent a scooter is $1 plus $0.15 a minute.
- LA has an incentive program in place that allows Bird to expand its fleet within low-income areas. Still, their scooters tend to be concentrated in wealthier areas of the city.
- Beverly Hills is trying to figure out how to handle/regulate these scooters and currently has a 6 month ban in place.
- Supposedly, you can ride a Bird through West Hollywood but you’re not allowed to park it anywhere.
The company is based in Santa Monica, so it’s not surprising that they have such a stronghold in the LA market. Still, there appears to be a lot of latent demand for this kind of mobility.
