Micro-mobility and last mile services have been seen as trends that will quickly go away or just an easy alternative to renting a car in some cities. There are, however, some companies that are proving the value of micro-mobility with positive models.
The e-scooter rental startup Circ is one such company that went against all odds and is counted among one of the fastest-growing micro-mobility startups. Also, in Jan 2019, the German startup raised a large Series A funding round of €55 million.
Boris Mittermüller is the COO of Circ and Remco Janssen, Owner and Founder, Silicon Canals recently met him to know more about the micro-mobility segment, and what more can we expect from the company in 2019 and beyond. Boris started off by rounding up some of the factors that are making micro-mobility and last-mile connectivity grow by leaps and bounds.
The first thing being the demand as the customer uptake is quite high. He said, “Circ registered 1 million rides in 132 days and 3 million rides just after 192 days.”
As per Mittermüller, “the typical number for a company is about 1 million rides in 200 days. Circ is touted to be the fastest-growing micro-mobility company in the world.” The tech behemoth reportedly registered 10,000 rides after 200 days.
Mittermüller notes, “It’s no doubt that public transportation is flat out cheaper as compared to last-mile connectivity solutions. However, when compared to owning a car, owning or sharing an e-scooter seems to be more sustainable and less resource demanding. Additionally, it is faster, more efficient and more fun way to navigate around a city. He quotes, “the company’s customers have a willingness to pay, which is why Circ is growing by the day.”
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