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Micromobility startups struggle to profit despite heavy funding — here’s what works and what doesn’t from The Next Web RSS feed.
Micromobility startups struggle to profit despite heavy funding — here’s what works and what doesn’t

I recently attended a panel discussion on profitability featuring representatives from several rideshare providers at Micromobility Europe. Panelists were asked if their companies were profitable. It might surprise you to know that despite whopping masses of funding, only one out of four was generating a profit: ❌ Lime was founded in 2017 in the US and received $1.5B in funding. ❌ Dott was founded in 2018 in the Netherlands and raised $210.8M. The company is not profitable at company level so far, as their focus has been product investment. ❌ Swappable battery company Swobbee was founded in 2017 in…
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