MICROMOBILITY MARKET LANDSCAPE

•  Micromobility solutions for trips with distances from 0 to 5 miles include bikes and scooters.
• The use of micromobility modes of transport accounts for 60% of the trips in the US.
• Based on available estimates the US mobility market for trips that are less than 5 miles is around $200 billion to $300 billion by 2030.
• Around 84 million trips were completed in the US using shared micromobility solutions.

• Some of the companies operating in this space include Motivate, Scoot, Lime, Jump, Spin, Skip, Razor, Bird, and others.
• Lime is currently valued at $2.4 billion, while Bird's valuation is $2 billion.

•  Urban dwellers are expected to be open to these micromobility solutions as they are already using various mobility solutions such as ride-sharing and other online transportation services.
• Micromobility options are also seen as happiness-inducing solutiions as consumers like the speed and freedom to breeze through traffic.
• The cost of bike or scooter rentals is also lower than cab fares or car ownership expenses.