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A comment on Lime shuts in 12 markets, lays off around 100. Parent comment
In my neck of woods escooter rentals are 10+ Euros an hour.
So 500 Euros for scooter / 10 => 50 hours to break even
Then you say okay maybe only 1 percent utilization => 5000 hours which is still ~6 months (we are talking napkin math).
This makes for a great elevator pitch.
Only later do you start worrying about vandalism, logistics/costs of gathering scooters every night etc.
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In my neck of woods escooter rentals are 10+ Euros an hour.
So 500 Euros for scooter / 10 => 50 hours to break even
Then you say okay maybe only 1 percent utilization => 5000 hours which is still ~6 months (we are talking napkin math).
This makes for a great elevator pitch.
Only later do you start worrying about vandalism, logistics/costs of gathering scooters every night etc.