In this blog, we are going to discuss the top electric scooter manufacturers to help you start your own electric scooter business venture.

E-scooters are the most valuable and eco-friendly solution in the on-demand transportation industry. It is known to offer a profit which is higher than any other business model operating to provide the first and last mile transportation. Many entrepreneurs and investors have acknowledged the perks that the e-scooter domain has to offer. Entrepreneurs are always on the watch for the new business venture that could provide their customers convenient commutation and at the same time earn profits for them. Whereas the investors are interested and are inclined towards investing in such innovative business ideas. If you are one of the enthusiastic entrepreneurs who wish to enter the electric scooter industry and be the part of the new way of transportation and earn huge profits, you need to plan certain tasks before finally getting your own e-scooter app.

The first and foremost thing that needs to be done is getting your base ready. You need a fleet of vehicles that you would link with your e-scooter app. Through this blog, we want to share the list of top electric scooter brands which can prove helpful for you to kickstart your business.

Let us first discuss the growth of the market that you wish to be a part of along with all the necessary information that you will need to go for e-scooter app development. 

E-scooter market: Here’s an information that shows how the eScooter market is growing

 
The rise of micro-mobility corporations has been properly documented over the last few years with startups like Ofo and Mobike in China and Citi Bike and Jump Bikes in the US granting users with suitable options for last-mile transport. These startups have raised venture capital showcasing both the customer and investor demand for last-mile commutation answers. In 2018, this e-scooter trend was boosted with the development of the shared and dockless electric scooters, established by Lime and Bird in the US.

The e-scooters rapidly found such strong product-market access making Bird and Lime the quickest ever US organizations to reach billion dollar valuations. The course of e-scooter businesses swiftly turning into large companies has continued into 2019. Grin and Yellow declared a merger to form the powerful competitor in Latin America in less than a year after they were founded.

Other e-scooter companies from all over the world such as Skip, Spin, Scoot, PopScoot, Beam, Tier Mobility, Wind Mobility, Voi Technology, Vogo, Dott, and Flash have announced massive capital hikes. Five e-scooter companies have risen and made over $150 million of capital since the start of 2018 in Europe alone.

 

Challenges faced E-scooters:

 
There were a few negative headlines about e-scooters dying up in lakes and oceans. People started complaining about congesting sidewalks, and the e-scooters being stolen, causing injuries, and experiencing severe competition. All of this strengthened the story and suggested that these e-scooters are not the best micro-mobility option after all. There was even talk of a “scootergeddon.”

Even after having a huge amount of fundings and daily use by consumers, lots of questions prevailed about the viability of e-scooters as a long-term micro-mobility solution. These e-scooters were also banned in many parts of the world. 

Do cities really need e-scooters? What is the scope of your business?

 
Cities everywhere in the world are facing the same problem of congestion and pollution. Rapid urbanization has increasingly gridlocked and is putting relentless pressure on public conveyance systems. 46% of car traffic in the US is because of the cars people are using for their less than three-mile trips. The micro-mobility solutions are expected to help to ease a significant share of this last-mile gridlock. Most cities agree that the e-scooters, electric bikes, and pedal bikes, either docked or dockless, are viable solutions to help relieve traffic jam, especially at rush hours.

The foremost concern with micro-mobility channels and e-scooters is safety. And another important thing is whether the infrastructure of the cities can support the massive penetration of these vehicles. Most of the big micro-mobility businesses have been working with the municipal corporations at the city level to discuss these concerns. They are also throwing light over the inclusion of using electronic geo-zones to prevent riders from either riding in an unsafe area or parking in an area where the city doesn’t want them to park. The e-scooter companies are encouraging licensed drivers and safety measures like wearing a helmet while riding. 

Topmost e-scooter Manufacturer brands which can help you to get your own fleet

 
Now that you are familiar with the scope of e-scooters and how you can earn profits in this business, the next thing that you should be concerned about is having your own fleet.

You need to go for a brand which can provide your users with a safe ride. It is difficult to name one e-scooter model as the best one to choose but you need to carefully pick one looking at the battery life, the sturdiness and its ease of use. Among a few popular brands for e-scooter manufacturing are GoTrax, Glion, Swagtron, Xiaomi, and Ninebots. All these brands are known for their robust model of e-scooters and cost-effectiveness.

Technology

Technology plays a major role to make you stand out in the competition. You should choose your e-scooter app development company in order to get an app which can really help you to boost your business. Coruscate has years of expertise in this field and we have designed and implemented many successful e-scooter apps for our clients across the world. Recent advancements in the e-scooter technology include IoT integration and an app with a user-friendly interface. 

Here is a table showing you the cost of the eScooter app with basic features:

However, we believe the features of any app depend on your particular and unique business needs. If you wish to have further information regarding the eScooter app development or our approach to the latest technologies, you can schedule a free consultation session with our experts and even get a free demo.

The post Everything you need to know while starting your own e-scooter business in the year 2019 appeared first on Coruscate Solutions.

An e-scooter app developed by Coruscate can help you in starting your own e-scooter business at the earliest. With the user-friendly user interface, users can sign up your e-scooter service and you can rent your e-scooters. With the use of geo-location, the users will be able to find the nearest vehicle, pick it up and then drop the scooters at the most convenient destination. Our experienced development team can customize the app and help you through the initial phase as you deploy the app. 

Here are the basic features that you should include in your e-scooter app

• In-App Payment
• GPS
• Social Media Integration
• Cross-Platform Ability
• Barcode Scan
• Multi-Lingual Support

If you consider having an advance e-scooter app for your startup, you can always go for IoT integration which allows you to locate and control the e-scooters anywhere across the cities.

But, the most important question that runs through your mind is – ‘is it really clever to jump into the e-scooter industry?’

Well, as we have previously discussed in our various blogs about the e-scooter global market research, it does feel to be a wise decision to go for an e-scooter sharing startup. 

Let us check out some recent figures related to e-scooter sharing companies and their market to support the answer.

 
E-scooter Market Analysis:

According to a report in Polaris market research, the global electric scooter market size was valued at USD 17,630 million back in the year 2017 and it is anticipated to grow at a CAGR of 12.8% over the period of few years up to 2025. The emission of harmful gases through petrol and diesel vehicles along with the depleting resources and fluctuating prices of fuels have made people turn towards the electric scooters. Though there are some limitations with the electric scooters such as slow speed and short ranges. However, the current advancements are expected to offer higher power and overcome the existing limitations thus supplementing the market growth.

Manufacturers:

The e-scooters are fuel-efficient, easy to handle, support the environment and are also feasible to use and move around in the traffic due to their compact size. These are more than enough reasons for the electric scooters to be adopted in countries such as France, the US, Germany, UK, Spain and many more. Countries across the world are adopting the e-scooters and thus it has spurred a demand for e-scooters everywhere in the world. The companies such as Bird, Lime, Jump, Razor, etc are offering services by procuring the e-scooters from the manufacturers like Ninebot-Segway, Gogoro, Inc, and Xiaomi. These services are available in more than 90 countries and thousands of universities across the globe as of today.

The electric scooters are basically two or three-wheeled vehicles which are powered by electricity. The power is stored in a rechargeable battery that is responsible to drive the functioning of electric motors. The major concern regarding the electric scooter was that of the charging time required for the vehicles. The manufacturers are investing highly in research and development to solve this issue and improve the charging time and range of these vehicles.

Power Plan Plus is a company that has announced the development of a carbon battery that gets charged 20 times faster than any other battery. The battery is low cost but offers a large volume of storage of electricity and is much more durable. Moreover, there is also research being conducted on organic redux flow battery which is much more eco-friendly and much cost-effective than the current lithium-ion batteries.

Segment Analysis

The e-scooter market all over the world is segmented on the basis of type, product, battery type, voltage, and region. There are two types- one is a plug-in and another is battery based e-scooter. Product is divided into three categories- the retro, the self-balancing and the foldable. There are different battery types as well like lead-acid, Li-ion, etc. E-scooters running on different voltages are popular among the people of various countries. Here is an in-detailed geographic distribution of the market across North America, Europe, APAC and South America, and the Middle East. North America is divided into U.S., Canada, and Mexico. Europe is segmented into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is divided into China, India, Japan, and Rest of Asia-Pacific. Asia-Pacific is known for the largest share in the Global Electric Scooter market in the year 2017.

Competitive Landscape

There are innovative products in the market launched by legendary players that are introduced to cater to consumer needs. Huge global companies are entering new markets in developing cities to expand their customer base and strengthen market presence. Hyundai Motor Company presented the concept of IONIQ Scooter at the 2017 Consumer Electronics Show (CES) in Las Vegas. The scooter is said to be a light-weight electrically powered scooter which will strengthen the company’s hold in the market. Other major companies entering the electric scooter market are Honda, Brammo, Mahindra, Yamaha, Suzuki, BMW, etc.

Cost of developing an e-scooter app

If we consider the basic features and the basic three modules of the e-scooter sharing app, the estimates of the e-scooter app development cost will come out to be as follows:

These prices depend on the number of hours the developers put in to build the e-scooter app. The cost structure can change on the basis of customization in the app features.

Now that you are aware of the new first and last mile commutation medium and how much it would cost you to join the business venture which is becoming the new port of investors, you can think about having a Bird or Lime of your own.

Connect with us for further queries regarding the on-demand e-scooter app and get expert guidance. You can also ask for a free app demo.

The post All about e-scooters and the cost of developing an e-scooter sharing app appeared first on Coruscate Solutions.

However, the ironic truth is the disruptive technology is actually redefining urban transportation.
The recent innovations in autonomous vehicles are evolving connected-city technologies. It will also dramatically influence the re-engineering of the city infrastructures in order to keep a tab on issues like traffic congestion, commuter safety, energy usage and how to navigate through the first and the last mile.

New data types and sources produce unique traffic solutions

Dockless electric scooters and shared bikes are in the end Internet of Things (IoT) devices. They are activated with the help of rider’s smartphones and continuously generate data from the integrated sensors which are transmitted to the systems of the companies that own them. They get all of the information right from the location of each bicycle, the time taken to complete each ride all in real time.

It is expected that the most functional level mobility data will produce more focused insights related to fleet management, heavily corridors, peak commute time and other transits will be magnifying the major benefits of the connected city model. According to a study, in the US alone, congestion cost was $305 billion last year which was increased by $10 billion from 2016.

How IoT connects devices?

The world is getting smaller and smaller with high advancements in technology. We experience the new modes of communication that enable us to interact with our world and each other in various new and unimaginable ways. The technology has not only transformed our lexicon fundamentally but also it has expanded our capacity for empathy and the human ability to reach vast social consensus. We can check out the experiences, the struggles and the memories of the world right at our fingertips.

But along with our human world, the world of gadgets is also experiencing the connectivity and forming a synaptic network between our phones, cars, computers, and even homes. All of these have started “communicating” with one another and share the information. This network of physical objects communicating with each other is called the “Internet of Things or IoT”.

IoT technology has enabled us to analyze the data much more efficiently, effectively and effortlessly than ever before. IoT is nothing but the network of physical things that are embedded with software, sensors, and connectivity capabilities of receiving and transmitting data. So, which are the various things connected to this widespread network?

E-scooters with IoT

With the far-reaching implications of IoT, the e-scooters and other electric vehicles are not left untouched. The modern e-scooters powered by IoT technology are able to tell its riders the best routes to go for and are very much trackable right from the headquarters. The company can also make sure that the e-scooters are not taken out of the city limits by locking them right away if the rider tries to take it beyond the boundary. The IoT technology can even help to keep a check on the emission of Co2.

IoT is making things easier for enviroment-friendly technologies and programs like e-bikes, and ride-sharing services. That is why most internet-based transportation companies like Uber, Lyft, Bird, Lime, etc. have experienced a growth of more than 32% since 2013.

The e-scooters powered with IoT are a revolution that gives one the real-time accessibility, real-time data sharing and eco-friendly transportation that is the future of transit. IoT is making a future possible where the cars and the stoplights can talk to one another directly instead of operating on timers. The stoplights could use real-time traffic data to optimize the traffic flow and eliminate the traffic altogether.

Everyone is aware of cities getting more and more congested and that is why it will be difficult to fit in so many cars in the picture. So, the next step that people will adopt is going for e-scooters and e-bikes. So, there will be a huge advancement in the production of two-wheelers in the coming year with a similar rise in the scooter sharing industry.

Not only that, with the IoT involved, the scooter rental services will be able to make the rides safer by keeping a tab on the speed of vehicles all over the world. They will be able to control the speed limits according to each city where the vehicles are working. They will also be able to avoid tragic accidents by knowing which e-scooters need charging and if there is an issue with some of the scooters. The riders will not need to keep their location on in the IoT powered e-scooters, the exact locations can be detected even without smartphones.

Equipping the easy to use, pocket-friendly solutions with IoT is a no-brainer. These small and simpler rides will be slowly becoming a sustainable travel solution and the standard of the future. Going with the IoT powered e-scooters is clean, cutting edge and revolutionary.

Cost of Development of basic E-scooter app

The e-scooter app basically consists of 3 modules. Here is a basic price chart that will give you an idea of how much time will the e-scooter app with basic features take to be ready.

However, we would like to inform you that you should never believe in scripts that many of the development companies offer. Though these scripts take less time and money to build your app, they might not prove profitable in the long run. According to the law for launching apps in the App Store, they do not allow to launch clone apps with exact same features. Even if due to some loophole, you are able to launch the app, there are not many chances for you to gain customers. So, it is better to build your unique app with peculiar features and attract your audience in the right way.

We can help you develop an app with a smooth and seamless user-interface and great features. If you have queries regarding e-scooter app development, do not hesitate to contact us for a free consultation session and ask for a free demo.

The post E Scooter App Development : How IoT integration to the dockless bikes help to make the streets safe for e scooter riders? appeared first on Coruscate Solutions.

Taxify is a ride-hailing company which previously provided private cars for their customers. They have rebranded the company as Bolt and are now planning to enter the electric scooter rental business.

When CEO and Co-founder, Markus Villig was just 19 years old he wanted to start in the tech industry. Convincing the drivers to sign up for a new service was a tough job but Markus with his older brother and co-founder Martin was trying to get his startup Taxify to pick up the pace. While telling the story of Taxify, he recalls it took him several weeks to convince his parents to grant him the money that was kept for his education.

Bolt (Taxify) aims to bring fast and accessible transport to millions of people worldwide along with helping thousands of drivers support their families.

Today, Taxify is the biggest rival of Uber and other ride-hailing companies across the world. It is supported by Didi and Daimler and has raised $175 million in funding led by Daimler in the year 2018. This took its valuation to $1 billion.

Taxify changed its name to Bolt, which it has been using for its new electric scooter service to provide both the services – taxi service and e-scooter rental service under the same name. According to an article in TechCrunch, they have changed the name as the company started talks about another fundraising round. The CEO explained that he was sure that the future is all about electric vehicles and wanted a name that suggested the same. At the same time Bolt also means speed.

Taxify basically is a ride-hailing company from Estonia. It is active in around 30 countries and more than 100 cities across the world. Some of the countries where Bolt is currently active are Australia, Austria, Azerbaijan, Croatia, Cyprus, Czech Republic, Finland, France, Georgia, Ghana, Hungary, Iraq, Kenya, Latvia, Lithuania, Malta, Mexico, Nigeria, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Slovakia, South Africa, Tanzania, Uganda, Ukraine and United Kingdom.

The has more than 25 million users and here is the report by sensortower about the last month downloads. Taxi ranks second after Uber in terms of downloads in Europe.

Unlike Uber, Bolt has never tried for global domination and never spent so much over launching aggressively to gain first-mover advantage. In fact, they have done the opposite. Markus believes that being the late entrant in the business can prove advantageous for him. In the future, they are planning to partner other players with self-driving technology in the future. As of now, they are investing in trying to provide multiple-service rather than self-driven cars.

Recent Business development of Bolt – Updated on 11-July 2019

Uber and Lyft going public have put closer public inspection on the ridesharing business. But there has been a tremendous effect on the level of competition in the space. According to recent reports in TechCrunch, Bolt has opened its business in London and it has a number of emerging markets. It has completed the first tranche of its latest round of funding. Bolt plans to fuel its international growth and for that, they have the equity injection with an increase in valuation of Bolt to more than $1 billion.

They have new funding supporting their recent launch back in London. The company also plans to expand further in the year 2019.  The Series C round is expected to have a tranche around €60 million ($67 million dollars) which is a bigger round with an aim to be in the region with the 100 million. Bolt has generated funding of $185 million with its last huge investment. The investors for its latest funding rounds according to TechCrunch are Nordic Ninjas, a new fund out of Sweden backed by a number of Japanese LPs. They are investing in the Northern European startups and Bolt is based in Tallinn. Involvement of G Squared, which has been a part of a number of growth rounds for a range of fast-growing and large tech startups, including Pinterest, SoFi, Airbnb, Coursera, Spotify, Postmates and Instacart and now in Bolt is making it clear that there is a huge sum of money involved and the competition is going to be really very tough. 

In the future, Bolt can also have a chance to explore the Japanese market to mark its first move into East Asia. This can complement a trail that involves a mix of developed and emerging markets in Western Europe, countries in the Arabic world, Africa, Eastern Europe, Western Asia, and Australia.

Japan is one of the powerful and developed countries which has till now outlawed ridesharing businesses. So, companies like Uber have followed another business model to enter the market which includes partnering with the established taxi companies in Japan. Bolt runs a plan based on the same idea, which helps it to grow quickly in the emerging markets. 

Bolt’s growth is majorly due to the focus on the business markets that have a lot of scopes and growth. They look for the markets that do not have widely-available ridesharing businesses already competing.

Features of Bolt Taxi app and Electric scooter app which you can include in the Bolt clone app or Taxify clone app

Here is how you can request a ride with the Bolt app:

» Open and set your destination

» Request a driver for pickup

» Check your driver’s arrival in real-time

» Enjoy the ride

» Pay in-app or in cash

» See the ride estimate, and know how much you will be charged in advance.

» Set your pickup location even if you don’t know the exact address from where the driver should pick you up.

» You can rate your driver and the service.

» You can add your credit card to your account and receive the receipt in your email after each ride.

To use Bolt electric scooter, you need to switch to the scooter mode in the app.

» You can find the nearest Bolt electric scooter on the street through the Bolt app.

» Scan the personal QR code in your Bolt app to unlock the Bolt scooter.

» Ride the e-scooter.

» Once you reach your destination, end the ride using the app and park the electric scooter safely.

» They encourage the riders to bring helmets to stay safe while riding and follow the traffic rules.

» The scooters should only be driven on bike lanes. The rider should pedestrians on sidewalks. They also encourage not to leave the scooters out of the city zones.

» The scooters should not be parked on the public pathways. They should be parked by the racks when available.

You too can make a two in one – taxi and electric scooter app.

The ride-hailing services are at the peak of success. There is without a doubt, a lot of scope in both the businesses. If you are in the transport business, instead of developing a taxi app or e-scooter app differently, you can develop a Bolt clone app to serve both your purposes and reach millions of customers across the world who wish to opt for an on-demand taxi or e-scooter.

Coruscate has a team of researchers who are always up-to-date with the new technologies and features that can be added to your taxi booking app and e-scooter app. When you come to us with a query, one of the members of our research team along with the business analyst and the developer understand your requirements in detail and then suggest you the best possible solution for your business. We believe in not just delivering the project but growing together. We have developed more than 50 apps for ride-hailing services including electric scooter apps and taxi apps. You can request a free demo through our contact us form.

Get in touch with us to check free Bolt clone app demo or cost estimation.

The post Taxify – changed its name to Bolt to provide taxis and e-scooters both, you too can provide multiple transport options under a single app appeared first on Coruscate Solutions.