Micro mobility is getting popular these days as a mode of transportation from one place to another. It is a term which is used to describe short-distance transportation, usually less than 8 kilometres, that includes bicycles, e-bikes, electric scooters, electric skateboards, and shared bicycle fleets 1. The majority of trips people take fall within the category of micro mobility, making it a prime candidate for bike and scooter usage . According to a survey, in the US, around 60% of all the trips are 8 km (roughly 5 miles) or less.
As this trend becomes more and more popular among the customers , the market opportunity continues to expand. In the United States alone, the micro mobility market is predicted to be worth between $200B-$300B by 2030 . Around the globe, investors have poured $14B in equity funding to micro mobility startups since 2017.
According to Berg Insight, the number of vehicles available through bike-sharing programs is estimated to reach 36M by 2024, up from 23M in 2019. The number of scooters in this sector has roughly been estimated to grow from 774K to 4.6M in the same period. Hence due to this rapid upsurge in the popularity of Micro mobility, it is important to be aware of the top Micro mobility Companies Worldwide.
List of Top Micro Mobility Companies Worldwide
Bird Mobility
The first company on our list of the top Micro mobility Companies Worldwide is Bird. Bird is a US-based company that offers simple electric scooters for rent. It was founded in the year 2017 and has since expanded to over 300 cities around the globe apart from that it has also raised over $900M in funding. Since Bird’s scooters are electric they are designed to be eco-friendly and easy to use. As parts of its expansion plan, It acquired Scoot and Circ in 2019 and 2020, respectively.
Lime Mobility
Lime is the second company on our list which is also another US-based company that offers its customers electric scooters and bikes for rent. Lime offers electric scooters, bikes, and mopeds in over 100 cities worldwide. It was founded in 2017 and has raised over $1B in funding. Lime’s scooters and bikes are designed to be affordable and accessible to everyone. With its partnership with Uber, Lime partnered with Uber in 2020 and acquired Jump Bikes which proved to be fruitful to its value.
Tier Mobility
The third company on our list of the top Micro mobility Companies Worldwide is Tier Mobility, a Germany-based micro mobility company that offers shared electric scooters in over 70 cities across 13 countries. It was founded in 2018 and has raised over $467M in funding. Tier Mobility can be considered as one of the most innovative companies around the world as they claim to be the first fully climate neutral micro mobility company.
Bolt Mobility
Although Bolt Mobility was founded in 2013, it was not until 2018 that they started to focus on the micro mobility sector. Bolt is an Estonian mobility company and perhaps the most versatile on this list as it offers ride-hailing, micro mobility rental, food and grocery delivery, and carsharing services. Bolt first started its micro mobility services in Paris and later explored the European continent. As of the latest estimate, Bolt now operates in 260 cities across 25 countries.
Voi Technology
Voi Technology is a Sweden-based company that provides electric scooters for rent. It is on our list of the top Micro mobility Companies Worldwide as it is one of the first that plans on integrating AI and computer vision technologies in its vehicles by partnering with Luna. Voi, as of now offers its electric scooter services around 70 cities in Europe.
Wind Mobility
Wind Mobility is a Germany-based micro-mobility sharing company that offers convenient, inexpensive and fast as well as easy access to short-distance transportation in urban areas. Wind mobility started in2017 as Byke Mobility GmbH offering bike rental services in European cities, in 2018 they launched an e-scooter sharing on a global scope. Straight from its launch, it has aimed to make cities a better place, by reducing traffic, carbon dioxide emission, and noise.
Citi Bike Mobility
On our list of the top Micro mobility Companies Worldwide, Citi Bike stands out. It is a New York based bike sharing company with over 30 million annual rides. Citi Bike has over 26,000 electric and pedal bikes combined. During the first half of 2023, Citi Bike generated over 53 million dollars which is almost twice of that generated by Bird. It is operated by Lyft however, there are some internal conflicts and Lyft wants to abandon Citi Bike, hence it is up for sale.
Dott Mobility
Dott is a Netherlands-based company that provides electric scooters and bikes for rent. It was founded in 2019 and has since expanded to over 35 cities all over Europe. Dott has over 50,000 shared electric bikes and electric scooters. Dott along with Tier and Lime were selected as a means of transportation in London during a year long trial which adds to its significance.
Bounce Mobility
Bounce is an Indian company that provides electric scooters for rent. It was founded in 2014 and has since expanded to over 40 cities in India. The company claims that it is one of the first smart mobility solution in India, offering daily, weekly, monthly, and annual e-moped rentals. Which earns it a spot on our list of the top Micro mobility Companies Worldwide
Vogo Mobility
Vogo is another Indian company that offers electric scooters for rent. It was founded in 2016 in the technology capital of India i.e. Bangalore and has since expanded to over 5 cities in India. Vogo has been promised $150 Mn in Equity, Capital & Debt from some of the marquee investors. According to a Morgan Stanley report, India will be the leading country by 2030 when it comes to shared mobility services due to its vast population. Hence, Vogo sees this as an opportunity and aims to expand even further.
Helbiz
Helbiz is a company that is headquartered in New York City and is an Italian- American company which deals with the intra urban transportation. It has an aim of solving the last mile transportation problem of the areas in which the traffic is very high. Salvatore Palella, an Italian entrepreneur founded Helbiz in the year 2015 and has since then seen growth. It played an important role in Italy as it was the one to bring about the legalization of electric scooters in Italy and was the first to provide a shared electric service there. Helbiz team monitors the scooters during daytime and collects the scooters during night time in order to establish order.
YULU
YULU was founded in 2017, however it was not until 2018 that their operations started. Yulu is a mobility platform that is technology driven and enables Integrated Urban Mobility across public and private modes of transport. With the help of Micro Mobility Vehicles (MMVs) which can be accessed using a user-friendly mobile app, Yulu enables first and last-mile connectivity that is seamless, shared and sustainable. It was founded by Amit Gupta, RK Misra, and Naveen Dachuri. In the year 2019, YULU partnered with different organizations like UBER, Delhi Metro Rail Corporation, and Bajaj Auto Limited which helped YULU to reach a wider audience. After being successful for more than half a decade, YULU won the Best Smart Mobility company award by FICCI in 2023.
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Conclusion
The Micro mobility sector has a huge upside potential in the upcoming years due to its cost effective and environmental friendly nature and has great potential to improve people’s lives and reduce carbon emissions. It is important to track the top Micro mobility Companies Worldwide with closeness as it paves the path to innovation in a sector that is exponentially growing and also because more and more city dwellers are adopting micro mobility as a part of their daily commute.