Electric Scooter Makers See Sales Opportunities Amid Rental Boom

▤ Summary

LAS VEGAS — Electric scooters captured the imagination of investors and urban planners last year with companies like Bird Rides and Lime offering app-based rentals of e-scooters in several large cities. XE-scooter makers at CES 2019 say the best market opportunity for such short-range transportation systems could be sales of the devices to urban dwellers and commuters. The latest rental e-scooter features a navigation screen, better battery life and greater range. Other problems with the business include rising competition, hardware breakdowns and vandalism, the Wall Street Journal reported. Spokesman Jack Song told Investors Business Daily that Lime is serving multiple markets.

▦ Linked Companies