The first wave of electric micromobility was shepherded by the (still largely unprofitable, bless them) shared micromobility companies — the Limes and Birds of the world that popularized electric scooters. Now, as gas prices surge, the world burns and more people consider traveling to and from work in a way that’s cheap, sustainable and fun, sales of electric scooters are seeing an uptick.
The global e-scooter market size, which was at around $20.78 billion in 2021, is expected to grow at a compound annual growth rate of 7.8% from 2022 to 2030, according to one study. Given that massive market opportunity, private e-scooter startups are coming out of the woodwork with all sorts of neat little contraptions that fold and whiz and alert riders to impending danger.
I know what you’re thinking. Surely the market is already saturated, and the …
