Ford has plans to set up the e-scooter fleet in Cologne, Germany by Spring, and in the other cities by end of the year. The company already has a set number of fleet, and with this expansion will join the top-notch companies catering to the e-scooter market like Lime and Bird.

The company had already expanded its fleet last year in US cities and are currently operating at 600% capacity. The company is looking forward to operating in the European countries, where they can offer seamless and safe experiences.

Spin will be involved in developing the product and making it more sustainable for the markets. The company will need to plan the infrastructure and other aspects in order to make their expansion experiential.

The company has not only grown in terms of the number of employees working with them, but also in terms of the operational cities, infrastructure and the investment it has gained.

Spin and e scooter sharing business Market Readiness 

The above graph shows the graph for Spin and how much funding it has received from investors. Spin and Skip are almost parallel and immediately after the top-notch e-scooter startups such as Lyft, Lime, and Bird.

The above statistics gives a clear insight into the micromobility readiness for each operator. From this, we know that Spin is not just ready, but also quite prepared to take over the market.

According to this graph, close to 60% of the travel in US cities happens through bikes and scooters.

These statistics give a clear idea into how micromobility is evolving and enhancing the mobility of the people in US. 

Let’s first see the reasons why e-scooter apps are popular, and what benefits they derive from these solutions. 

Benefits of e-Scooter sharing business Apps 

• Manages a sustainable environment. When it comes to e-scooters, they tend to help manage the environment, helps you commute with in an environment friendly manner. 
• The second reason a lot of people opt for e-scooters is because they are quite affordable. You get to spend less, ditch the traffic and reach your destination on-time. Moreover, you don’t need to worry about locking the scooters, as they are done through the app, once you mark the end of the ride

Strategies to Devise a good E Scooter Sharing Business App

The above graph shows the market share increase for the e-scooters according to the battery type. 

The marketshare for Spin is increasing and matching that of Bird and Lime.

When devising an e-scooter mobile app from the scratch, there are a few things you need to consider.

#1 Offer Convenience and Safety

This is a lesson that you can learn from Spin. Evolving from a market where there is limited need for e-scooters and with great levels of permissions needed to operate, Spin decided to offer top-notch scooters that would break the existent players. They were ready to seek permissions, and started their services in a single market. They wanted to offer convenience while following all the regulations and permission needs. The real need was to offer a safe and clear solution to the end users. Once the users received a good solution that was safe, comfortable and accessible, there were more users and the market share grew. Today, after getting a good investment, and enjoying decent amount of market share, the company has decided to grow. They are growing on the same principle- comfort and safety.

#2 Come as an Alternative

When you are devising an e-scooter app solution in a new market, then you need to identify the common transport solutions, and know how these solutions are being charged. It becomes important that you offer your solution as an alternative to the existing solution, one that is both affordable and available.

This way, you will be able to break the market, and increase your share. If you check the above statistics, then you will see that the market share for e-scooters and bikes is close to 60%. The reason majorly being they are affordable and impressive solutions.

Things to Consider Before Developing e scooter sharing App for your business

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

As a new business entrant, you need to consider a few things before getting started with the e-scooter app solution.

• Study the e-Scooter Market

When Spin started out, they studied the entire San Francisco market, learnt the discrepancies that existed, and also understood what needs to be followed in this market. This in-depth study allowed them to not only exist in this market, but also grow impressively. As a result, you will see that Spin became a major player in US. 

As a new entrant, you need to study the existing market, the players and what they are offering. A thorough analysis of the gaps and the competition will help you realize what you need to offer to be able to stand out. It will take a few months to really understand the market, which will help you derive the best solution. 

• Infrastructure Definition

When you are done with studying the markets, you need to understand whether the available infrastructure is set for the e-scooter solution you are offering or, you need to come up with a new infrastructure. Is there availability of e-scooters or, you need to set up charging hubs? Ask yourself as many questions regarding the infrastructure as possible before you get started with the actual development. When you have the infrastructure, you will know what all things you need to add to the app model.

• Incorporating the Features 

The last thing you need to consider is the features you will need to incorporate into the mobile app. You will need to sit with the competition analysis report, identify the gaps and accordingly define the advanced features for your app. Don’t forget, there are certain features that are must-have and should be part of your application. 

Summing Up

Spin is definitely growing its market share, and getting expansion ready. Only after they thoroughly invested in one market, got the right amount of investment and backing, did they decide to expand. 

When you want to expand your e-scooter business or, you wish to start new a e scooter sharing business, there are a few things you need. The first being a solid backing in terms of investment and the second having a strong technology partner for E scooter app development and to make it digital.

We are an expert in second. offering our best-in-class team, we aim to help deliver the best solutions for your e-scooter sharing business needs. With our end-to-end solutions, you will get the defined edge over competition in the market.

Let’s check the e scooter business module 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.

The post How will San Francisco-based electric scooter company expand its business in European cities before the end of 2020? + How to Make an App Like Spin + Create an App like Spin + Apps Like Spin + Develop Alternative of Spin appeared first on Coruscate Solutions.

The company is all set to add new micro-mobility facilities to their company and increase its efficiency using the new funding amount.

Some facts you need to know about Tier

• Tier was realized with the aim to solve most of the mobility issues facing the people in a sustainable manner. They are climate neutral, which makes them the first in this segment.
• The company is also focused on resolving issues such as overpriced short rides and will help improve commuting facility for the short distance.
• Tier will help people overcome traffic, reach their destination on-time, and help build a stronger community that can fight pollution and dirty environment.
• Currently operational in 55 cities across 11 countries, the company is growing strong with its single goal and defining mission.
• The company had earlier bagged a good $60Mn funding in Series B, after having received a good response in the Series A funding round.
• The company is all set to use all the funds made available through the funding in R&D that can increase the company’s efficiency and increase the fleet of vehicles.
• They are also going to work on newer product strategies.

Currently Tier is ranking number one on Apple stores across the different European countries.

They are not the only e-scooter rental apps that are working in this segment. In fact, newer players are entering this segment with the single aim to increase competition and improve the quality of services.

The electric scooter sharing market for U.S. and Europe was $704Mn in 2019 and is estimated to grow at a CAGR of 25% till 2024

The main drivers for e-scooter rental in European markets can be attributed to the following:

• Concerns over gas emissions and rising pollution
• Major traffic woes in the cities
• Stringent emission rules which are causing major issues

With these constraints and strict rules, there is a certain opportunity made available to the e-scooter rental companies like Tier.

If you are planning on developing an app like Tier for your business, then there are quite a few things that you might need to consider.

Let’s talk about the features to start with.

Must-have App Features

When it comes to an e-scooter rental app like Tier, the features should be precise, clear and defined. 

• Easy Login: The first step to creating your presence on the app, and to be able to use the app effectively is the login screen. The social signup as well as easy registration process will help on-boarding smooth and easy. Keep the login screen as intuitive and friendly as possible.
• Means to Verify the ID: It is important that the people using the dock-less scooters have the eligibility that you have defined. as part of the process, make sure you have introduced the feature that will make verifying the ID easy. You should have an in-app scanner or other means to make the validation perfect.
• Effective QR Code Scanning: How can you allow the users to unlock or lock the particular e-scooter they have hired, once their ride begins or ends? The QR code scanning will allow the user to unlock the scooter, and use it. once the ride is booked, then they can go to the nearest location and get the scooter.
• Renting the Scooter: The user should be able to find the e-scooter that is located nearby and easily accessible using the app. Finding and renting the scooter for the commute should be made easy and effective.
• GPS Tracking: The in-app maps should efficiently track the scooter in the nearest location, and should take the user to the particular location. the user need not move out of the app to check for directions.
• In-app Payments: The app should offer all payment methods, right from cash to card and net-banking as well as wallets. This will increase the convenience of payments along with the convenience of hiring a scooter.
• Statistics: The user should be able to see the total times and other historical details of their ride using the app. They should also be able to see the amount spent on the rides in the app.
• Alerts: The user should be notified of all the changes in the app along with new offering, discounts etc. this will help motivate the user to use the app often.

How Tier Differentiated Itself?

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

As a new player in the e-scooter rental market, there are quite a few things that you ought to look for. In case of Tier, in order to get a competitive edge, the company decided to follow these three aspects.

#1 A Solution-centric Idea

Before entering the European markets with a novel idea like e-scooter rental, they decided to survey the market and identify the lag. They soon found out that short distance commute was essentially causing a pain for the people, and they were finding the solutions available either unsustainable or too expensive. They decided to come up with an idea that would help the users move around short distances without consuming a lot of gas, stay rooted to the gas regulations and not spend too much of their money.

If you are planning to define a business idea, look for solutions that can help the target market. Even if your idea is quite similar to that of the competition, identify the one point of difference, which could be the app interface or just the reach you have, and introduce it as your positioning. This will help you win more customers.

#2 Provide Value to the Customers

In a market ruled by strong players, it takes an impressive setting and a single value proposition to grow and build your reach.

You have already identified the problems faced by the customers and identified the solution. now it is time to take some time off the solution, and find how you can provide value to the customers. The value proposition could be as simple as giving them a place to store their helmets or keeping their things safe or as useful as offering them a monthly pass or other subscription systems. This will make their commute easy and efficient. You will need to work on the value proposition after consulting the team and the target market, and knowing what value proposition is feasible for your business.

How Coruscate Can Bring the Difference?

When it comes to technology induced business, it is important to relay your technology needs on a strong partner. Collaborating with Coruscate will bring in the difference with greater agility than you had planned.

The question churning in your mind is why Coruscate as the technology partner?

• We have answered over 2000 e-scooter rental app queries and have successfully collaborated with companies to deliver able solutions.
• We don’t just offer solutions based on our understanding the market or the competition. We take into account your business requirements, the current situation, what you aim to do with a new business idea, and how scalable the solution is. With a complete analysis and requirement clarity, we build your solution.
• We even work on e-scooter rental app solutions from the scratch. In this case, we validate the idea you have presented, and identify the possible solution that can give you the desired edge.

We have already defined the budget for developing an e-scooter rental app. Please note that this amount is subject to change based on the business idea, requirements and solution aspects. We have just defined a very rough budget, one that can give you a clear idea into our processes and timelines. 

• Our custom e-scooter app development costs somewhere around $15000 to $25000. This includes the cost to develop custom features and all aspects related to the app development.
• In case you want to develop Tier clone app solution, then the app development cost starts at $10000
• We also offer subscription plan for all the white label e-bike app solutions which starts at $500.

Summing Up

It is known that the new electric scooters and transport will revolutionize the automobile segment, and offer new transportation methods. If you are venturing into this business, it is still in the nascent and growing phase, and you will find more opportunities to devise your app for this segment.

It is important that you consider all the available options before you move into this segment.

As we have already discussed, along with a good idea, partnering with Coruscate will give you the edge and will help you warranty success into the idea.

Are you ready to roll into your new business idea with Coruscate?

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.

The post How European e-Scooter Rental Company Tier Received $40Mn Funding? Key Features and Solutions that Helped the Company Stand Out + How to Make an App Like Tier + Create an App like Tier + Apps Like Tier + Develop Alternative of Tier appeared first on Coruscate Solutions.

However, in recent times, harsh government rules, cut-throat competition, and fatal e-scooter accidents have affected the e-scooter usage rate and e-scooter rental business profitability very badly. But some e-scooter rental companies have already sensed the unsettled future of the micro-mobility business and thus, they’ve come up with a unique and money-making business model. They bring e-scooters in the tourism industry to save dying e-scooter culture in many profitable markets and derive many other benefits from the ever-growing tourism industry. 

In this blog, we will discuss the Australia-based e-scooter rental company called RIDE which has introduced a new business model for e-scooter rental business and successfully put forth a workable idea of rubbing out the line between e-scooter industry and tourism industry. But before revealing that new business model and talking about the RIDE, let’s first learn about the traditional business models of the e-scooter rental business. 

Most popular and conventional business models of the e-scooter rental business

Looking at the success of some early players, many new startups are jumping into the niche by hiring e-scooter app development companies to develop an e-scooter app. Since e-scooter app development is no longer the novelty, both app owners and e-scooter app development companies employ latest technologies and manage to accommodate some groundbreaking features into their apps which sometimes surpass the feature-set of the some most popular e-scooter apps. But when it comes to the business model of the e-scooter rental business, they generally follow the conventional e-scooter rental business models and end-up reaching break-even point too late. (To break-even early, you should introduce a new business model which you will get to know really soon in this blog! Just hold on!)

Following are the top two business models which are very common in the micro-mobility market.  

• Letting users hire e-scooters and charge them per minute 

Including some big players like Bird, Lime and Jump, almost all e-scooter startups are running their business on this business model which is really profitable if business terrain is not overly intensified. In this business model, basically, e-scooter startups allow users to hire the e-scooter by paying $1 to unlock the e-scooter and 25-35 cents per minute of the ride. 

This business model has a very significant disadvantage which is low customer retention rate due to high price. Since a user is charged per minute, a 2 kilometers ride which takes easily 10-15 minutes costs users more than $6. Specifically, in cities where one can use the weekly or monthly pass in public transportation — a more affordable option to travel in an urban area — people do not prefer e-scooters.   

• Charging a flat fee and letting users own e-scooter for a limited period  

Subscription business model in e-scooter rental business works the same as the subscription model of other services. In the subscription model, e-scooter rental companies let users buy the month-long subscription of the e-scooter which is later delivered to the buyer to own and use it until subscription period ends. This business model is doing wonders for many micro-mobility startups. But they have limited customers who can afford a very high security-deposit and have the financial freedom to pay damage charges if they damage the e-scooter during the use. Because of this only disadvantage, only a few micro-mobility startups have adopted this business model. 

If we talk broadly, out of two possible business models of the e-scooter rental business, there is only one purposeful business model which a small-medium scale startup can opt for. Meaning, small-medium scale startups have to work on ‘business model innovation’ to not rely on only one revenue stream. An Australia-based e-scooter sharing company named RIDE has become the first ride-sharing company to innovate the e-scooter rental business model after marrying micro-mobility industry with the most lucrative Australian tourism industry. 

So, now let’s discuss the newest business model of the micro-mobility industry.  

Guided city tour on e-scooters – a financially rewarding business model of an e-scooter rental business     

Needless to say that low-cost and emission-free e-scooters are the best mode of urban transportation. Though students, daily commuters and tourists are the major users of the e-scooters, e-scooter rental companies only target students and daily commuters in their marketing campaign as it is difficult to target overseas people who will someday be tourists of the city where that e-scooter rental company is running its business. Lack of awareness about e-scooters and safety standards among tourists is another reason why an e-scooter rental company can’t let any tourist enjoy the e-scooter ride all alone. However, RIDE has found a way to decode these challenges. After all, Keeping the most profitable user group (tourists) out of sales-life cycle is not the entrepreneurial mindset! 

RIDE offers a way to explore a city on e-scooters in a very secure, fun, easy and affordable way. Through its e-scooter app and website, it welcomes users to book a guided tour of the Adelaide city ( where RIDE is currently operating its business) on e-scooters. Since the group of tourists is always accompanied by the guide who also looks after the safety of riders, tourists can explore the city in the best possible way. The guided tour package of RIDE starts from $45 AUD. 

So, now when you know about the business model which we have been mentioning from the first line of this blog, let’s find out whether this business model is workable or not.     

Guided city tour on e-scooters – is it a workable idea?

When a tourist lands in a new city, he wants to explore the city while having fun and not causing trouble to his budget. 

If he chooses public transportation to roam around the city, he can surely save a few bucks, but he can’t have fun as travelling in crowded metro trains and buses is not something a tourist is looking for when he is on vacation!

And if he rents a car to have fun while exploring the city, his idea hits his pocket very badly. So, what is the alternative? The answer is an e-scooter. 

An e-scooter does justice with both requirements of the tourists in the best possible way. Hence, we can firmly say that guided tour of cities on e-scooters is a sustainable idea. However, there are some factors which affect this business model. 

Factors affecting – Guided city tour on e-scooters

We just have discussed and come to the conclusion that the integration of e-scooter and tourism industry give fruitful results to both users and businesses of these two industries. But to be able to claim those rewards, you should take two factors into account. 

• If you wish to add this business model in your e-scooter rental business, you should first study the weather of your business area. If the weather remains unpleasant throughout the year, tourists will not ride e-scooters to explore the city due to many obvious reasons. 
• If you wish to add this business model in your e-scooter rental business, you will need an e-scooter app with an extra feature which lets users book the guided city tour on e-scooters and lets guide to validate the booked ticket of every user.

Herein, Know how much does it cost to develop an e-scooter app with custom features.  

Cost of e-scooter app development with custom as well as common features 

Coruscate is the top e-scooter app development company which has developed 5+ e-scooter rental apps and entertained numerous e-scooter app development queries. We have an army of 100+ developers, designers and IoT engineers who can develop a robust e-scooter rental app for you. 

At Coruscate, e-scooter app development starts from $10k and you will get all common app features in your e-scooter app. In case, you wish to add custom features into your app, you’ll be charged based on the complexity of those custom features and expected development hours. 

In addition to e-scooter app development, we offer many other services. We study the market on behalf of you, we help you get government permits, and we give you the free server to host IT infrastructure of your app. 

To ask for the free e-scooter app demo and free consultation, feel free to contact us.     

The post E-scooter app development: How this new business model of e-scooter rental business can take tourism and micro-mobility industries to the next level? appeared first on Coruscate Solutions.