Current Market Scenario of ride hailing companies and e scooter startups :

According to the reports, Uber is again set to acquire an electric scooter company. The ride-hailing giant is reportedly having acquisition talks with e-scooter startups Bird and Lime. A deal with Bird, which is the larger scooter rental company of the two could result in a multibillion-dollar business. They are hoping to announce the deal before the end of the year.

It is notable that Uber already holds a minor stake in Lime. Also, Uber has agreed to rent its e-scooters through its app.

The phenomenon has become widely popular in the US and the electric scooter craze is slowly spreading in Europe also. The ride-hailing companies just want the e-scooter sharing to be added to their app. Estonian ride-hailing firm, Bolt has launched its electric kick scooter-sharing service in Madrid following a rollout last year in Paris.

The companies are aware that beating traffic has become a huge issue in urban areas. Many of the trips are covered conveniently with an electric scooter than a car with a driver. Bolt co-founder and CEO Mark Villig explained that by bringing in e-scooters, it became easier to save time and money for the customers. The move has marked a stepping stone towards new mobility options beyond ride-hailing.

Looking at the bigger picture the e-scooter companies which are running low on cash either need to raise new money or merge with some other companies. And the bigger companies like Uber have their own agenda while buying smaller startups. For example, before acquiring Jump bikes, Uber made them available in some areas using its app. Uber is doing the same with Lime. Somehow, Uber doesn’t want the history to repeat itself, having another competitor like Lyft.

The two startups, Bird and Lime are reportedly having informal discussions about a merger. Though the discussions have been on and off from some time, they might become true in no time. As consolidation came to ride-hailing, it is expected for the scooter sharing companies also. A merger can help the e-scooters to maintain stability in the market rather than being acquired by Uber or Lyft. The merger of e-scooters can also help them in raising more money.

According to a report in TechCrunch, even the Chinese bike-sharing company, Mobike is not left untouched by the recent trends. It has been acquired by Meituan-Dianping for $2.7 billion. The executives of Mobike ride-hailing company are raising $20 million from the outside investors to spin-off their European operation. Mobike will be retaining 49 percent share out of the spun-off operations. The European business is valued at around $100 million.

Mobike is currently active in the UK, France, Germany, Italy, Spain, and The Netherlands. The company has shuttered some of its operations but it is also rolling out its services in other cities, the most recent being Padua, Italy.

Meituan is publicly traded and valued at around $42 billion. They are rebranding Mobike as Meituan Bike to bring it closer to the parent company and wash off the bad reputation that Mobike picked up along the way. Meituan has put a stop on an aggressive expansion of Mobike.

Also, Hongji Bike, which was co-founded by the original co-founder of Mobike has stated that they have picked up a lot of engineers from the company to ramp up efforts to build bikes, e-scooters and other personal vehicles for many on-demand startups. Lime is one of the company to have ordered 40000 bikes from them. Mobike seems to have a bright future with Meituan.

Despite the making and crashing of the companies, the e-transportation business with the taxi booking apps as well as the e-scooter sharing apps is expanding into multi-modal transportation. More acquisitions are expected in the coming days.

If you are thinking of getting into the e-scooter sharing app development you need to consider the above facts and study the industry to find yourself a good investor and raise a good amount of money. To give a tough competition to the ride-hailing and e-scooter giants, you need to have a good number of users to sustain in the industry.

To do that, you need to go for a good e-scooter rental app development. The e-scooter sharing app is the best investment to avoid future insecurities in business and reach more and more audience every day.

Here is the cost of development of an e-scooter app with basic features.

We have entertained more than 10000 queries related to e-scooter app development. Our research team keeps an eye on the latest updates that are happening in the e-scooter industry and what can be the future scope of e-scooter app development. When you contact us, we introduce you to one of the members of our research team who makes you aware of the recent developments and the things which can help you kickstart your e-scooter business. They provide you the list of unique features that you can add to your e-scooter app.

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They have charged a flat-rate fee of $24.99 to let the customers rent these e-scooters for a month. This rate amounts the charge to about one dollar a day. The customers get an unlimited ride on a personal scooter once they rent it for a month.

The scooter rental plan for Bird will first roll out in San Francisco and Barcelona. They are planning to take the plan to other cities this Spring. The company’s rental model already has a waitlist in which the interested people can enroll their names.

The e-scooter rental model works in the following manner:

• The user enters the relevant information such as the location and the time when they want their e-scooter delivered.
• Once they place the order, they get a follow up from a representative to confirm.
• The representative arranges a scooter, charger and a lock to be delivered to the user.
• Similarly, after the rental period is over, a representative will come and pick up the vehicle and the accessories.

Like Grover, Bird is now encouraging the bike rentals. Renting the e-scooters is much more equitable option than any other means of transportation.

Using the Bird e-scooter on daily basis used to cost $1 to unlock and 15 cents per minute. But the rental model will cost approximately $1 dollar per day for unlimited rides. This model of Bird will be much affordable for the commuters having average to low income and who spend a lot of amount on daily transportation.

E-scooter rental for monthly basis provides greater access to a sustainable form of transportation which is much more dependable than any other mode of transportation. At the same time, it is eco-friendly. So, it can be convenient, pocket-friendly for you and safe for the environment as well. However, according to Venture Beat, it is notable that Bird is attempting to avoid some restrictions on electric scooter usage.

The electric scooter rental company was founded in 2017 and has many competitors. But its chief rival is e-scooter startup Lime which has raised more than $765 million till now. There are many other rival e-scooter companies which have raised a huge funding amount like Spin, Jump bikes, Dott, Voi, etc.

There are no second thoughts about Bird being better-funded than many of its competitors. It is operating across dozens of markets in the US which includes Santa Monica, Austin, Baltimore, Dallas, Detroit, San Diego, Washington, D.C., and Paris. Bird has also custom-designed its e-scooters and use their own infrastructure to run the shared electric scooter rentals.

E-scooters from a security perspective

Just entering and earning through the electric scooter business is not important if you wish to stay in the e-scooter sharing industry for a longer time. There have been many cases where people are getting injured while riding electric scooters. People have even observed exploding dockless shareable two-wheelers in the past few years. However, the broken bones and head injuries are a great cause of concern for the government and also it is bad for the reputation of the electric scooter rental companies.

A study conducted by the Public Health and Transportation departments in Austin stated that a total of 271 people had experienced electric-scooter related injuries from September to November 2018.

According to an article on The Verge, there were a total 182,333 hours of e-scooter use during the study period. 891,121 miles rides were completed on e-scooters and there have been around 936,110 trips. The research team came out with the results that there were 20 individuals injured per 100000 e-scooter trips in the period of three-month. Out of the injured riders, half of the riders had head injuries. 15% of the people had traumatic brain injuries which could have been prevented if the people had worn helmets. Only 190 riders were wearing a helmet out of those who were riding the electric scooters.

The study concludes that the injuries could have been prevented. The use of a helmet can bring down the rate of head injuries in the event of a scooter crash.

Since the dockless electric scooters and bikes are becoming a common phenomenon in a lot of cities, many startups are investing money in the industry. The ride-hailing giants like Uber and Lyft are trying to bring down the traffic congestion by switching to e-scooters for shorter rides. Another study states that around 38.5 million trips were taken on electric scooters all around the US in the year 2018.

Not only the dockless scooters are posing safety problems but also there have been complaints about the ignorance of regulatory measures. Many of the scooter companies opt for asking for forgiveness rather than asking for permission from the city officials. This is leading to struggle for many of the electric scooter rental companies as they are being banned from the cities and are suffering huge losses in the business.

Strategy to avoid such bans and losses includes bringing awareness among your riders for their own safety while riding the electric scooters. Another thing that you can do is to work in collaboration with the city officials instead of working without their permission and facing the wrath.

To increase your profits, you can also launch an electric scooter rental or subscription model for your riders and offer some exciting prices and offers to keep them interested. Developing an e-scooter app to reach your audience can be helpful for your business.

How to Make an e scooter App Like Bird, Develop Alternative app of Bird, Bird alternative app features to consider

Here is the cost chart of an e-scooter app with basic features:

We can help you to build an electric scooter app with some really amazing features and safety notifications for your riders. You can offer the subscription right through the app. To get the detailed pricing you can connect with us through the contact us form. If you have any queries regarding the application, feel free to connect with us and ask for a free demo.

Note: We do not make clones of any exact application, clone means to us is how better we can execute your app idea with existing app features and experience.

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The company was founded by Sean Flood, who is the current CEO of the company also. Gotcha is a mobility-as-a-service (MaaS) company and it offers four sustainable transportation products like the 100% electric ride share, dockless bikes, scooters, and trikes. The company empowers people and communities to lead more productive and happy lives through eco-friendly transportation. They have designed each of their transportation specifically keeping in mind each of the markets needs where they serve.

The company provides these micro-transit options to people in 50 cities and around more than 40 university campuses across the US. The company is basically dealing with providing electric vehicles, bikes, and scooters sharing services in areas where the rider takes rides from one part of the city to another or one part of the campus to another.

The standard rate for each electric vehicles is generally $3 within a fixed area.

Strategy to keep in mind from Gotcha On-Demand Electric scooter service provider to develop your own e scooter app.

Plans and strategies of Gotcha while expanding to different parts of the world:

Strategy and planning are essential for the steady growth of the business. Here are some strategies that Gotcha followed to be as successful as it is today.

Gotcha’s first university partnership happened almost 10 years ago. They joined hands with Florida State University. The e-vehicle company has more than 3500 vehicles, including scooters and bikes spread across the markets. It was expected that in the year 2019, the e-vehicle fleet will grow to 18000 to 20000.

Gotcha had initially introduced i-Ride ride-share in Sarasota. Its business model was based on various advertisings displayed on vehicles and the subsidies that the company had received for 18 months from the city. In its first year, the company provided 50000 rides. They did not keep any cost for riding the vehicles apart from the ability to tip the drivers. When they launched the Gotcha vehicle share, they converted the model to pay per trip model.

The company has more than seven vehicles operating in Sarasota. They have launched any bikes or scooters. In 2018, the company had launched 18 to 20 bike shares.

Gotcha never tries the product launching just by dropping the vehicles and deploying them directly as the other e-scooter share companies did in the past. They have signed partnership agreements with the city campuses in order to operate. This has avoided the loss that other e-scooter companies had incurred when they were being banned.

Gotcha’s research about the market has made them go for $3 per ride. They seem to be converting any of the locations that have not been historically paid. These vehicle that Gotcha has deployed are absolutely cashless and the riders can pay using their credit card. This way the company can gather all the data that helps them with ridership tracking.

Gotcha needs a densely populated area for its e-vehicles to work. Their strategy was to deploy their services in the areas where the people are staying in large numbers as well it is a tourist place. Because in such places, people have become more apt to use ride-share services.

The company has huge investments and they have a huge amount of money involved in the expansion to Sarasota. The company has a place rented in the city where all the vehicles are sent for charging at the end of the day. But according to the CEO, an electric vehicle is cheaper to operate than a gas-powered vehicle.

The main competitors of Gotcha in Sarasota are Uber and Lyft. But the business model of Gotcha makes it possible for them to provide more cost-effective shorter trips around the town in comparison to other companies.

Another difference that makes Gotcha unique is that they employ their own drivers and own their vehicles.

Like other ride-sharing companies, Gotcha too has its challenge in expansion and sustainability. What is it? According to the CEO, making people aware of the service is most challenging. So, the strategy while rolling out their business in Sarasota was to go for a digital as well as the physical campaign to promote transportation. They also believed that if you provide a good rider experience then the word-of-mouth spreads automatically ensuring your outreach. The company feels its business model has the potential for being profitable and can have a good number of riders.

Unique app:

Gotcha has got all of its rides covered in just one app. Be it an electric bike, scooter or rideshare, customers can easily access all the vehicles right through a single app making it easier for them rather than downloading 3 different apps for the rides. All you need to do is find an unlock request and you are good to go.

Amazed? Aren’t you? Why not design an intelligent app like Gotcha for your travel business and get the wheels rolling? You need to develop a single app for e-scooter, taxi and bikes access to reach your customers in a more convenient manner.

Here is the cost of basic E-scooter app development:

The features of the app can be designed as per your business needs. Please feel free to contact us for knowing the cost of development in detail. At Coruscate, we have a dedicated team of researchers working on finding opportunities for the various transportation apps. When you contact us for a free consultation, we can share the ideas that our research team has discovered regarding the inclusion of new features. Our expert team of developers can design an app with really interesting features and amazing user interface to make your business grow rapidly.

Click here to get free e Scooter app demo

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With the rise of electric scooter rental startups, there has been a tough competition between all of them. Startups like Lime, Bird,and VOI have made it to the top in some of the regions proving their dominance. Ride-hailing giants like Uber and Lyft have joined the competition making it even worse with their jump scooters and motivate electric scooters.

Each of the electric scooter rental company has launched their own apps. In our previous blogs, we had discussed various features of each e-scooter mobile app for you to consider for your own electric scooter rental business.

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But, as these features are really very common, every other electric scooter company is following the same idea to include the modules in their mobile apps. In order to stand out in this extremely tough competition of e-scooter business, you need something different. To attract your users, you need to provide them with something that is not yet seen with any other company. If you want to be successful, you need to put your best foot forward. Instead of going with the crowd, you need to take a different path and make yourself visible in the market.

Now, you will be thinking about is that even possible. You have already given all the best features to the users through your mobile app. What else can you provide the users that will really make them choose you over everyone else? And which feature can get you more users for a longer period of time. Let me answer all your questions with valid and convincing reasons.

Grover, a Berlin-based startup company that offers pay-as-you-go subscription to all the latest consumer tech has recently launched a subscription service for e-scooters. According to Techcrunch, Michael Cassau, CEO and founder of Grover believes that the e-scooters are future of the cities and his model GroverGo is smart and efficient and will convince many users to switch to e-mobility without the commitment of buying and financing, and without the hassle of shared e-scooter services.

So, it’s not only the competition within the e-scooter sharing companies but also the companies providing the product as a service are joining the electric scooter space. You need to buck up and get your users something which might really interest them and keep them loyal to you.

Rolling out a subscription model could be a great choice in order keeping your users loyal to your services for a long period of time. Till today, subscription-based mobile apps have not only empowered businesses but it has also unfolded a path to providing better services.

A few factors you need to consider to start e scooter subscription service:

Simplicity

Keeping things simple has been always the key to success in any of your life’s venture. You need to keep the subscription model as simple as possible. For example, Grover has clearly mentioned that the electric scooters will be available for rent at €49.90 without any other terms and conditions. So, they have tried to keep things simple to handle the subscription efficiently and to lure the users to go for it as it is a fraction of the original buying price for e-scooter. So, it is much more affordable to the users.

Quality

Providing quality services is always better than dealing with the quantity. You need to make sure you don’t compromise on the quality. Try providing high-quality services even if there are less number of customers. Keep in mind, word of mouth spreads far and wide and very quickly. It is the best advertising.

Understanding the difficulties

Before adding the new service to your system, make sure you know and understand all the difficulties that you might face. Research deeply the pain areas like if your e-scooters are available to the users easily in a fraction of seconds. Users will subscribe only if they have easy access to your electric scooter rental in their area.

Valuing the customers

Believe me, your customer is above all. The growth chart or company policies have minimal or no importance when compared to customer satisfaction. No business can run if the customer is not happy. So, make sure you offer the best possible services to your customers in terms of electric scooter availability, speed, charging and parking area.

Summing up:

Adding a subscription model for a certain period of time ensures that your customers keep visiting you until their period of subscription has ended. So, if a customer is provided with the best service and a few other benefits, he is sure to extend the period of subscription. The subscription model ensures the engagement of your customers and ensures that you provide them with excellent service. Your business is also benefited by opting for the subscription model as you can generate more revenue and there is the reliability of income.

Coruscate is a company which can help you build an out of the box electric scooter rental app with amazing features. If you have any other interesting ideas about customizing features for your personalized electric scooter app, you can contact us for a free consultation. With our latest technology, we can help you to conquer the e-scooter sharing market.

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