Bikes, scooters, and other micromobility solutions have taken the transportation world by storm over the past few years.
Startups have driven most of the momentum, as dockless vehicle sharing from companies such as Bird Rides and Lime has introduced a new level of convenience to bike and scooter riding for consumers.
However, these sharing services were struggling even before the onset of the pandemic, largely due to the poor unit economics of shared bikes and scooters. As a result, funding to the space has slowed since peaking in 2018, highlighting investor concerns.
But the rise of Covid-19 also created a new opportunity for companies in this space: personal vehicles such as bikes and scooters could offer a safer alternative to shared transportation, as they allow people to minimize contact with others.
As a result, a number of companies manufacturing and selling bikes and scooters directly to consumers have gained traction in recent months. In April 2021, bike sales in the US rose 57% year-over-year (YoY) to reach $6.5B across large-format and specialty retailers.
We used CB Insights data and the Bike and Scooter Tech Expert Collection to identify private companies in the bike and scooter tech space across categories including sharing platforms, charging infrastructure, and direct-to-consumer (D2C) sales.
This market map consists of private, active companies only and is not meant to be exhaustive of the space. Categories are not mutually exclusive, and companies are mapped according to primary use case.
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