I first wrote about Bird, the electric scooter company, back in March 2018. At the time, they had just raised $115 million and their pitch was that they were going to solve the last-mile mobility problem. This is a real problem, and so lots of urbanist-type people, including myself, were excited. I then rode my first shared scooter in 2019 in Lisbon, and I had a ton of fun. I wrote: "Now I know what all the fuss is about."
But it wasn't all puppy dogs and ice cream. People started getting annoyed by the clutter that dockless scooters were creating in our cities (see above photo). Safety also became a great concern, and so they started getting viewed as a nuisance. Toronto never allowed them (despite my insistent blog posts) and Paris -- which had arguably become the scooter capital of the world -- banned them in early 2023.
Now there's this: Bird announced this week that it has filed for bankruptcy. The once unicorn, which had its stock halted back in September because its market cap fell below $15 million for too long, needs cash. According to FT, they have about $3.25 million the bank, but they have an immediate need for $16.8 million to meet some "financial obligations" in January.
This is maybe not unexpected. But I think the important question is: Is this an existential moment for micro-mobility and shared scooters (i.e. this is a fundamentally bad business), or is it more of a case that money used to be mostly kind of free, and now it's not? Either way, I think there's no question that the latter is going to cause further distress throughout 2024.
But the question remains: Can shared scooters be a sustainable business?
My day job is not to be a scooter analyst. But I do think that a number of things are true:
Riders seem to really like using electric scooters and so top-line demand continues to grow.
There are many headwinds for this business ranging from winter usage to politics.
Barring regulation, there appears to be low barriers to entry.
Lime has already claimed to be the first micromobility company to post a full profitable year.
These first and last points are important ones. I believe it's always going to be easier to get people onto electric scooters and bikes than onto regular bikes; people will generally always choose what is easiest. At the same time, here is a company that has allegedly figured out how to offer this service profitably. Assuming these two things remain true, I think we'll continue to find scooters in our cities.
Photo by Gemma Evans on Unsplash
Venture capitalist Albert Wenger wrote on his blog today that the road back from COVID-19 could start -- as early as May -- provided we're able to get our act together around three essential things: masks, tests, and tracing for everyone. We have all been talking about the importance of these things over the last few weeks, but I think it's worth mentioning just how quickly some of this is starting to happen.
Both Apple and Google have announced that they are building a voluntary contact-tracing network. By May, they hope to release a set of APIs that other software developers will be able to build on top of. Bluetooth will be what is used to detect when humans are in close proximity to each other. Eventually, both companies plan to integrate contact tracing right into their operating systems.
Here's how it might work:
Today's post is going to be a bit of a departure from our regularly scheduled programming. But it's so cool that I had to share it. It's a company called Vollebak, and they use science and technology to make highly technical clothing (or, as they call it, the future of clothing). It was founded by two brothers.
Every month they launch a new clothing concept. (Sign up here if you want to get on their list.) But each new piece they develop could take anywhere from one to five years to actually produce. Usually we're talking about new production methods and materials that have never before been used for clothing.
Examples include an indestructible puffer jacket designed to help us withstand up to -40 degrees; a solar charged jacket; a "black squid jacket" that reflects visible light to go from black to bionic; and a plant/algae t-shirt that is grown and can later be composted.
But the piece I'm really eyeing is this blue morpho ski/snowboard jacket. It uses two billion microscopic glass spheres to try and replicate the wings of a blue morpho butterfly. During the day the jacket is matt blue. But as soon as you shine light onto it, it looks like the above photo.
This would be useful if you were, say, caught in an avalanche and a helicopter searchlight was trying to find you. Hopefully that's a use case that none of us have to experience. But it could also be invaluable if you were out walking or cycling at night and you wanted to make sure that cars could see you.
(Please note how I somehow managed to make this post mildly relevant to cities.)
Image: Vollebak
I first wrote about Bird, the electric scooter company, back in March 2018. At the time, they had just raised $115 million and their pitch was that they were going to solve the last-mile mobility problem. This is a real problem, and so lots of urbanist-type people, including myself, were excited. I then rode my first shared scooter in 2019 in Lisbon, and I had a ton of fun. I wrote: "Now I know what all the fuss is about."
But it wasn't all puppy dogs and ice cream. People started getting annoyed by the clutter that dockless scooters were creating in our cities (see above photo). Safety also became a great concern, and so they started getting viewed as a nuisance. Toronto never allowed them (despite my insistent blog posts) and Paris -- which had arguably become the scooter capital of the world -- banned them in early 2023.
Now there's this: Bird announced this week that it has filed for bankruptcy. The once unicorn, which had its stock halted back in September because its market cap fell below $15 million for too long, needs cash. According to FT, they have about $3.25 million the bank, but they have an immediate need for $16.8 million to meet some "financial obligations" in January.
This is maybe not unexpected. But I think the important question is: Is this an existential moment for micro-mobility and shared scooters (i.e. this is a fundamentally bad business), or is it more of a case that money used to be mostly kind of free, and now it's not? Either way, I think there's no question that the latter is going to cause further distress throughout 2024.
But the question remains: Can shared scooters be a sustainable business?
My day job is not to be a scooter analyst. But I do think that a number of things are true:
Riders seem to really like using electric scooters and so top-line demand continues to grow.
There are many headwinds for this business ranging from winter usage to politics.
Barring regulation, there appears to be low barriers to entry.
Lime has already claimed to be the first micromobility company to post a full profitable year.
These first and last points are important ones. I believe it's always going to be easier to get people onto electric scooters and bikes than onto regular bikes; people will generally always choose what is easiest. At the same time, here is a company that has allegedly figured out how to offer this service profitably. Assuming these two things remain true, I think we'll continue to find scooters in our cities.
Photo by Gemma Evans on Unsplash
Venture capitalist Albert Wenger wrote on his blog today that the road back from COVID-19 could start -- as early as May -- provided we're able to get our act together around three essential things: masks, tests, and tracing for everyone. We have all been talking about the importance of these things over the last few weeks, but I think it's worth mentioning just how quickly some of this is starting to happen.
Both Apple and Google have announced that they are building a voluntary contact-tracing network. By May, they hope to release a set of APIs that other software developers will be able to build on top of. Bluetooth will be what is used to detect when humans are in close proximity to each other. Eventually, both companies plan to integrate contact tracing right into their operating systems.
Here's how it might work:
Today's post is going to be a bit of a departure from our regularly scheduled programming. But it's so cool that I had to share it. It's a company called Vollebak, and they use science and technology to make highly technical clothing (or, as they call it, the future of clothing). It was founded by two brothers.
Every month they launch a new clothing concept. (Sign up here if you want to get on their list.) But each new piece they develop could take anywhere from one to five years to actually produce. Usually we're talking about new production methods and materials that have never before been used for clothing.
Examples include an indestructible puffer jacket designed to help us withstand up to -40 degrees; a solar charged jacket; a "black squid jacket" that reflects visible light to go from black to bionic; and a plant/algae t-shirt that is grown and can later be composted.
But the piece I'm really eyeing is this blue morpho ski/snowboard jacket. It uses two billion microscopic glass spheres to try and replicate the wings of a blue morpho butterfly. During the day the jacket is matt blue. But as soon as you shine light onto it, it looks like the above photo.
This would be useful if you were, say, caught in an avalanche and a helicopter searchlight was trying to find you. Hopefully that's a use case that none of us have to experience. But it could also be invaluable if you were out walking or cycling at night and you wanted to make sure that cars could see you.
(Please note how I somehow managed to make this post mildly relevant to cities.)
Image: Vollebak
Of course, we are also seeing new startups emerge, like this one here called Coronatrace.
Similar to what Apple and Google have in mind, the app will be a voluntary contact-tracing network. By using it, your phone will begin to log how you move about, something that is already happening today with many of the apps we already use. Should someone test positive for COVID-19 (they would need to update their health status within the app), it would then immediately notify the network and anyone who might have crossed paths with them.
Obviously it would be far better to simply have a vaccine. But the experts are saying that will take some time -- 12 to 18 months? And in the interim, we're going to need to get the global economy back up and running. Seeing solutions like these being developed makes me hopeful we'll be able to do that sooner rather than later.
Of course, we are also seeing new startups emerge, like this one here called Coronatrace.
Similar to what Apple and Google have in mind, the app will be a voluntary contact-tracing network. By using it, your phone will begin to log how you move about, something that is already happening today with many of the apps we already use. Should someone test positive for COVID-19 (they would need to update their health status within the app), it would then immediately notify the network and anyone who might have crossed paths with them.
Obviously it would be far better to simply have a vaccine. But the experts are saying that will take some time -- 12 to 18 months? And in the interim, we're going to need to get the global economy back up and running. Seeing solutions like these being developed makes me hopeful we'll be able to do that sooner rather than later.
Share Dialog
Share Dialog
Share Dialog
Share Dialog
Share Dialog
Share Dialog