Fun fact: Steve Wozniak (Apple co-founder) created a sport called Segway polo. Where’s scooter polo? And will scooters become Paul Blart’s next preferred mode of transport? Just a few questions for you to sit on this weekend.
You should initiate the Scooter Polo movement in your college(college grounds) and see how the local community loves it. Wont be long before it spreads if its gripping. Also, it'd be deeply significant if you could do a video on healthcare/hospitals and their problems, solutions etc. As always love your vids man.
QR codes finally found a use ? Do you know nothing of china literally everything is done by QR code I gen even register my house to the police with a QR code and this scooter stuff has been in china for years but with bikes that have locking stations etc
At the start of this video I immediately thought; _"Why don't we have those scooters in the country I live in?"_ Then I realized that I live in the Netherlands, where bikes are literally everywhere, including swappable bike services and whatnot. Heck, even the hobos usually have multiple bicycles here.
you entire country is only 41,526 km2 my state is 169,640 km2 population 17,170,000 Netherlands 5,795,483 my state density 416.7/km2 vs 105/sq mi so it's not the best seeing as my state is much larger then your nation but also less populated, meaning less money and more costs and time. All information taken from Wikipedia one last thing I had placed my state density in square miles, let me correct it to square kilometers 40.6/km2.
@FancehPants interesting, didn't know that. I wonder whether they'll want to approach this country in a similar matter, or if they have a different idea (if they plan on actually doing stuff here), then.
I was wondering when this is gonna be a thing in my country. I already see tons of people riding their personal electric scooters. Then I realized that I live in Romania and that 1% of scooters affected by theft would be made sure to turn into 100% by the gypsies which would make city wide campaigns of stealing every single scooter on every single sidewalk.
They have GPS attached to them and whenever the company sees suspicious movement, they send out police or some kind of alarm. I moved on of the bird scooters that was blocking the sidewalk and it screamed the whole 5 feet I moved it.
@@magmagon5572 That's not entirely true. I used to work for Limebike so let me break it down real quick. First, while there are GPS's, those GPSs are located IN the wheel lock. Knock the box off, the bike is no longer trackable. Second, when the bike/scooter/whatever is screaming at you that its going to call the police, that's a bluff. None of them have the capability to do that. While suspicious movement does show up on the App, the companies are already stretched to the limit just keeping up with the pace of operations. It's actually more economical to just write those bikes/scooters off as a loss and move on. The 1% of bikes lost to theft is pretty accurate. However a much greater percentage are lost to vandalism. People really got their jollys tossing limebikes in lakes, on train tracks, in high ways, spray painted, ect ect ect. About 10% of bikes are being trashed maliciously. The scooters don't seem to have as much of a issue here. I think it's because they take up less room. Other then people constantly knocking them over, vandalism and theft rates are lower, and usage rates are a lot higher. That's why you've seen bicycles vanish, and replaced by scooters. They cost more and have way more overhead in charging costs, but their ROI is way better.
@@campkira there is no profit, they cost about 500 to make, and they make about 5 a day in revenue before they break in average 30 days, losing about 350 per scooter. The only money coming in is from investors that will never see their money back
Sunday They’re pretty much just made out of steel and recyclable plastic. I bet the average life time is about a year, they’ve been in my city for almost a year and they are getting really good usage.
Jack Emanuel Let’s just forget about the lithium battery and how easy it is to dispose of those things and will you please just google “average lifespan of a ride share scooter.”
I think he's waiting to see if their whole gaming store thing will come to fruition. It needs to at least be somewhat comparable to steam if it wants to stay relevant.
Could not agree more, the analysis of Polymatter is also limited, because in many European and Asian (indeed China) countries, they already have it or have bike systems, which is even healthier than those scooters. Also, this analysis is limited since it focuses on the U.S. where public transportation sucks. I loved the video, but it felt kinda off and got triggered by him saying no one uses the QR code.
Kung Fu Kenny public transportation in parts of the US is some of the best in the world. In other parts of the US like Alaska, it’s unsafe and not needed because of its low population density and huge landmass. Depends on where you are in the US that public transportation sucks. Where I live, it’s wonderful. Also, there’s not a single public transportation system in the world that doesn’t suffer from the last mile problem
I just discovered these last week and used them with friends for the first time, as bird and lime came to my city (Vienna) only very recently. It's really interesting to see how such a huge number of those scooters entered the city's ecosystem in that extremely short period of time (less than two weeks it seemed like) and already is very commonly being used in the city Center by many people. My personal experience with them was that, although it not being a massive step further in convince (since Vienna, as many European cities has outstanding public transport), it still is a nice and fun timesaver, especially in the inner city districts, that I can see being utilised by quite a number of people (especially by those working in the city). It's going to be very interesting to see how these companies manage to implement a system that fits American cities as well as European cities, which are massively different in terms of urban planing and sociocultural factors as well. Thanks for making this video mate! It truly is an Interesting topic with a lot of positive potential for car-less urban development as far as I am concerned.
@@manujohn99 As of current, the city is actually in talks of legalizing them to be ridden. I'm not a big fan of it mainly due to their ties to Uber and the fact that they chewed up profit from an industry I am a part of.
@@manujohn99 I give leisure pedicab rides. It may seem like I'm part of the tourism industry, but I do play a pretty vital role of getting folks out of traffic jams during major events like concerts and ballgames, but also rush hour times as well. I can beat any Uber or Lyft car usually ten times out of eleven when there is heavy traffic due to the fact that Seattle has a pretty immaculate infrastructure made of bike paths.
They’ve been in the Bay Area for quiet a while thanks (or not thanks) to the proximity to the Silicon Valley. Too many bike in the middle of a sidewalk or blocking streets.
it's not neccesarily the scooters, its the riders. if they're anything like cyclists (looking at you, deliveroo riders) who have no concern for the rules of the road and insist on riding in the middle of the street at 15mph in a 30/40/60 zone, ill take great pleasure ruining their balance with my wing mirror. done it before, will do it again. companies like this just aggrivate the problem. and before you suggest i "scoot to work/school/whatever" instead of driving, my job REQUIRES the use of a car, and am actually timed on trips to improve efficiency. right now where i live thankfully we don't have these menaces, but we do have lycra louts and they are the bane of my work. TL;DR the riders need to be shot.
This is a very interesting topic. See, I skate to work. And I don't skate all the way - I live in a different town to where I work. It's about a 40 minute commute by bus. But as you pointed out in most cases bus are only fully convenient for a few people using them. The rest has to walk to a bus stop go catch them and then walk the rest of the way from where they get off. That's where my skateboarding solution comes in. Not only is it affordable, ecologic and a great exercise for the morning, but it also makes people look at you like you're 12. However I think it's the best "filler" transport for these short routes home->bus stop, final bus stop->work (etc.) The best part is that you can grab a skateboard into your hand and go shopping, cross a street or walk up a hill. The biggest downside is the environment. You need smooth, flat surfaces to be able to skate, and in the US it's usually not a problem, however the British sidewalks near my workplace are 50/50 smooth and terribly cracked and uneven surfaces. I would like to encourage EVERYONE to try and find their own transport of this kind - if we all did this (use buses to get to hubs near our workplaces and then bikes, scooters, skateboards or jetpacks), we could make those electric and save our planet from degrading as quick as it is at the moment. Unfortunately the comfort of going from place A to B at your own pace whilst enjoying a lone ride is currently too embossed into our society and I don't think I, or anyone for that matter, could convince people to shift. Maybe a size reduction would do the cars some good? Instead of wasting 3 empty seats on your journey you'd just have one? I think that this idyllic scenario will only happen if: 1: it's too late and now we HAVE to get rid of cars because we'd ran out of resources 2: the infrastructure of new cities would force this onto citizens by eliminating public roads from town centres completely - making it a bus, tram etc only zone 3: someone comes up with a way of convincing people that we need to do this ASAP. some modern-day Jesus like, say, Elon Musk. Any case - tl;dr (too long, didn't read), but for those of you who have, let me know by discussing this in replies or liking my comment. All the best people. I hope we can save our planet and children from dying!!
I do the same thing except with an electric skateboard. I ride into the nearby train station and pick the light rail to downtown. and continue exploring from there. I don't have to deal with parking hassles or traffic
And this is why I love your channel, I had no idea about this, did not really care about it, yet came out extremely interested in this topic and now have something to talk about with others. Thank you!
Now think about the billions (for most) useless cars that are in our world.... and a lot won't be even recycled properly when their life will be finished (and a lot won't even last long, because "buying a new car is fun")... Our current world is a giant waste.
I’m always taken back by how walk-shy modern humans are, I have a bike and a car in a very hilly city but I walk or run to and from everywhere within 5 miles, it’s not hard, it doesn’t take that long, you can listen to podcasts, audiobooks etc.
a lot of cities aren't built for walking, distances are massive, and the roads are not made with pedestrians in mind, a lot of them not even having proper side walks. I've seen videos of people trying to walk in american suburbs, it's hell.
@@hijack69 Well anywhere in Japan/Korea with a lot of Chinese tourists has QR codes too, it might actually be possible to survive in Tokyo only using wechat.
Honestly brilliant. Something everyone thought was cool but knew they were going to ride once and never again (as was the case for me). That coupled with the fact that the market for electric scooters died after it went out of style, thus killing prices. No research and development required (at least not from the ground up) and a whole bunch of cheap parts lying in a warehouse somewhere made this a breeding ground for start ups.
QR codes finally found a use ? Do you know nothing of china literally everything is done by QR code I gen even register my house to the police with a QR code and this scooter stuff has been in china for years but with bikes
How do you feel about your president rolling back policies that once benefited China and allowed it to grow? He's now turning reverting it back into a typical dictatorship with his new policies and extending his reign. Which means a massive step backwards for your country unless Chinese actually do something about it. You can basically say goodbye to Western goods and even meat as much of that was imported.
@Ryaken Everyone is uncomfortable and many were shocked by the elimination of 10-year presidency. But VPN is still usable (I know the gov can block whenever they want), visas were still issued normally (unless you have unexplained assets like bribe money). I don't think Xi will go any further on that road considering how many whispers on the internet already are. Xi's anti-corruption campaign seems to be a success (mid to low level corruption decreased drastically, unlike previous presidents' similar effort only focused on higher level thus making them seems like a tactic to secure power). Overall, it is still too early to say what Xi is going to be in the future, but that guy did some good in the past, I would give him a B+ (B for Hu, C for Jiang, and A for Deng).
This misread title makes me think about the real revenue model behind Korean pop entertainment companies: Sasaengs. Saesangs? (what ever way it's speled lol!).
If you divide the networks' annual revenue by the average amount of time they dedicate to school shooters in their news cycle and tally them all up together you might find in the US at least, that might be truer than you realize. People love sensationalist news and can't afford to pass up the latest thing that is being talked about so school shooters are literally worth billions for american news corporations by a certain amount of time, could be 1 year, 3 or 6 I haven't crunched the numbers.
Great video! But I live in Columbus and these are not banned here, just banned from being used on the sidewalk. They also have restricted areas, like Ohio State campus on game day. These restricted areas are software/GPS enforced and the scooters simply will stop in these areas.
There's one company called Veoride that's been designing their own scooters and theirs have removable "cartridge" batteries. They have someone come around in a van and swap out batteries and take care of any reported maintenance needs (and then re-park them safely). There are probably others that have started or will start doing this as well, as it makes sense.
From my experience using dockless bicycles, I found that most of the time the bicycle I need is at my destination! Makes sense since for home/work commuting the end of most first miles is typically a metro station, and the end of most last miles is not my home. So I found it not useful for the first mile and last mile problem. The probability of access to the service is too low to factor in any trip planning. I think dockless would do better when trip start and end points are less aligned and more evenly distributed. Trips within a CBD during working hours perhaps?
Those who complain America's crap public transport and sidewalk or why people would not walk 20 minutes to stations just don't get it. It's not for your understanding or empathy. If there's a market to exploit, it happens and benefits both the provider and consumers however niche.
These scooters appeared overnight in my town (Sweden). I've never used them, but lots of teenagers commuting by bus or similar, who don't have bikes, use them.
Yes, but china also has almost 1.4 Billion people, that's like several orders of magnitude larger. Netherlands has a little over 17 million. That's more than 230x as much people.
You have to lock/store it, charge it, find a plug for that, go back to where you left it, maintain/replace it... Apparently for many people it's not worth the trouble. But it could be a different story if it was supported by city infrastructure.
@dandanthetaximan The ease of maintenance isn't the big seller. It's that you can start and stop whenever. You would never abandon a personal bike once you reach your stop, and that means it's stuck with you till you get back home, but you can do that if some city-wide infrastructure is managing the system.
Got a citation at my university campus for riding my electric scooter. Going to fight both citations in court (yes both). I got it argued off last year in juvenile court & the judge there said just tell them I overruled it, you're just getting to class and it has a brake. The officers who stopped me and gave me tickets will both show up in court "adult court" they say. I'm glad this video was made and that this is the future. I honestly love the scooter, its simple, no hassle like the bicycle and you can make a small side amount of money from charging :) Love your videos PolyMatter.
I think scooters are fine, but I doubt they will replace cars any time soon as most people generally prefer cars as their mean of transportation especially if they have kids well at least in Singapore. I'm not too sure about other countries though.
Cheng Han the Squid brother; they never will. Once self driving cars come, they will take you directly to where you want to go and much quicker than driving today and because there will be no driver to pay, very cheap to charge, and very cheap to insure, they will be much cheaper than today.
@@cheese-je9xs I'd rather drive than sit in a driverless car. Why do we need driverless cars anyways. To remove the job of a driver or to make more money for individuals in corporations?
Gawddammit, I had a billion dollar idea and never did shit about it. I swear I pitched this same idea in a class a few years ago and was actually going to put it into action, but I convinced myself it was not a good idea. Oh well...such is life.
Huh, they went into Poland by storm, starting with Lime 2 months ago and now we have about 4 companies in the city I live in- I guess we could have seen this coming!
Damn you are very picky about who you sub to... this was a super well made and informative video, I'm glad it was 10 minutes. I hate having to pick a new video to watch constantly so the longer a high quality video is, the better.
These are a great idea for everyone who: 1) lives in a city 2) with permanently nice weather 3) and a reasonably low crime rate 4) and don't have physical disabilities 5) and don't need to haul any sort of gear or equipment 6) and don't get reimbursed for parking by an employer. So... that's gotta be like...90% or more of the populace...right?
ElyssaAnderson not sure but it’s probably a lot of people. Obviously it isn’t meant for the busy single moms with a million commutes and four kids. I’m a college student and think an electric scooter is an amazing alternative to buying a car in the near future. Coz my work, home, church, anywhere really will be within anywhere from 2-13 miles of each other. And I’d rather invest in a good scooter than get saddled in car loans, car debts, or car payments. Or spend $5 and change on a bus Daily. Which adds up to a lot over the course of the year. And I live in a part of Texas where the weather is just fine year round so this isn’t an issue either. If it works for u then great, and if it doesn’t, find a better alternative that does. Obviously it probably isn’t meant for old, disabled, insanely busy (etc) people.
Vast majority of people in western countries live in cities. No place has always nice weather, and then you just dress appropriately. Laptops and bags can easily hauled while riding a bike or scooter And vast majority of the people are not disabled
Buy a scooter problem solved y so much hustle of downloading and scan And one of the biggest thing is y to give these companies our information for free.
009ring that completely defeats the purpose. The purpose of these are simplicity and ease of access. So having to charge your own scooter, and look after it, and pay the 300 dollars for it, and having to lock it wherever you go, and having to go back the place where u locked it up ruins the ease and appeal. The reason people like them is because their easy
A colleague of mine recently lost his 20-year-old son in a scooter accident. Here in DC, the relationship between drivers and cyclists has been contentious. Add in motorized scooters and things have gotten even morse. In downtown areas, we have a lot of bike lanes, but many major routes still don't have them. These scooters have to stay on the road because of the maximum speed, but the drivers have yet to get used to them. I will admit the dockless bikes/scooters have become an eyesore. I live near a major transit station so they have been strewn about around the neighborhood. They get left on people's yards, sometimes in the middle of driveways. They're a major pain in the ass compared to the docked bike-shares.
I worked at Amazon. They give everyone bus passes so buses are free. It's interesting that your example was Queen Anne to SLU/Amazon since that was my daily commute when I worked there.
Okay, I watched that, but I still see no reason that scooter startups are worth billions. Instead, I see another case where the stock markets act as a pseudo-rational form of gambling. Given the underlying technology, the market could evolve where the app was scooter-provider agnostic, and the price could drop to provide normal returns on capital, and cities could charge congestion pricing to encourage polite parking with motivations for distributing the scooters instead of dumping. But instead, I predict that cities will act to reinforce, rather than counter network effects. And there will be winners and losers in this based on little other than who is popular.
These things are huge where I go to school at ucla. Everything on our campus is on a hill so it helps to have this option. I feel like these things are great for college towns/cities since a lot of students don't wanna bring their car and have to pay for parking for the year, especially in a heavily congested city like Los Angeles
In New Zealand we use lime scooters. But everyone parks the scooters so nice and it surprises me 😂 I’ll o to a bus stop and the scooters are all in a neat row and they’re all on the same angle as well. It always looks like a robot placed them lol
For anyone not familiar with these scooters/ not living in an urban area they sound a lot more appealing than they actually are. First off, they charge you $1.00 to start, big deal you say but chances are the battery is dead and you have inconveniently walk a few blocks to find another one while being charged. Once you ride its like 30 cents a minute which may not sound like much but after 30 minutes (about 3 miles) it costs like $8 or more. Definitely worth an Uber. The scooter is ONLY worth if it you are lucky, find one right away and need to go less than a few blocks away in a short period of time or if you're just trying to have fun being the asshole swerving on the sidewalk.
We have this on my campus and tbh it’s great we should have more cause sometimes u just need to get across a garden or streets that are far away from bus lines & for the leave it anywhere...it’s nice on campus cause that’s usually dorms or halls
The scooters are not banned here in Columbus Ohio, they were only banned from the sidewalks. Supposedly you can be ticketed for riding them on the sidewalks now but I have yet to see it happen.
Sure, it's easy to walk 20 minutes to the bus stop, and a lot of people here in the UK do that as well. But 20 minutes walking, 10 minutes waiting, 30 minutes on the bus, and another 10 minutes walk after you get off means your entire journey takes 1 hour and 10 minutes, when you could do it in the car in 25 minutes. That's why people drive so much if they have the option.
@@seededsoul Well, if you have the time to bother random people on the web, maybe you're not working that much! 😁 Walking is good for your health, italians are the second population in the world, after Japan, with the longest lifespan, and we enjoy that time too! 😃😃
I used to live 1-2 blocks away from the pin on the map near Queen Anne, and my wife worked about 1 block from Amazon. She walked every day. It’s crazy that there isn’t a bus route on Mercer. Let’s be real though. If you work at Amazon you probably get a free(ish) ORCA pass, so the bus is free to use, not $5.50. Also, after using these scooters in another city it is clear to me why they won’t work in Seattle is their current form (I rode in traffic, by the way, not in bike lanes). Even going up a very gentle slope the scooters slowed to a crawl. I am certain that they wouldn’t work going up many of Seattle’s hills.
Not to mention that these are considered "electric vehicles" and each scooter gets a $500-$1000 tax credit (which they use or sell to profitable companies) depending on the state its in. That is the biggest money maker and why valuation is so high. 3x profits from the start. In reality the companies don't care if these things get thrown away or lit on fire, they want to buy more of them.
They are just way overvalued especially with so much competition there is no way the company has the combination of technology, staff, assets, and growth potential to be worth that much. Sure scooters would work in San Fransico, but they got banned. Scooters do not work in 90% of the U.S. just like the rest of public transportation; America is just simply to big and not nearly dense enough to support it. The sad reality for those that want to eliminate cars is that they will be necessary for the U.S. for a long, long time. In most countries that are physically large people have still congregated to a handful of cities, but in the U.S. populations are extremely spread out and the populations that would overwhelmingly benefit from public transport or cheap private transport are very rural or on the outskirts of cities and there are no scooters, bike lanes, buses, or trains there.
I agree with you. This is niche product that doesn't affect the economics of commuting all that much. Replaying my life, I can see using this when I was a freshman in college, before I had accumulated capital to buy a car. To increase the likelihood of having a scooter available to me when I arrived when I wanted to go home, I'd put a cheapo lock on the scooter, which would kill the economics of it being used multiple times a day.
Cars on going to begin to dominate the rest of the world again and continue to do so in the us. Once self driving cars come, they will take you directly to where you want to go and much quicker than driving today and because there will be no driver to pay, very cheap to charge, and very cheap to insure, they will be much cheaper than today.
Nathan Curet - until you find that you can't get a ride in a self-driving car because your social credit score has dropped below 4 stars. See Black Mirror "NoseDive" - Sharp Satire in 2016. Begininng implementation in 2018: money.cnn.com/2018/09/05/technology/uber-australia-new-zealand-riders/index.html
I could see transit apps becoming the go to. Transit already has Uber, Lyft, and regular bus routes. You get the most convenience from things like that since it shows you what all your options are.
Fun fact: Steve Wozniak (Apple co-founder) created a sport called Segway polo. Where’s scooter polo? And will scooters become Paul Blart’s next preferred mode of transport? Just a few questions for you to sit on this weekend.
You should initiate the Scooter Polo movement in your college(college grounds) and see how the local community loves it. Wont be long before it spreads if its gripping. Also, it'd be deeply significant if you could do a video on healthcare/hospitals and their problems, solutions etc. As always love your vids man.
Another connection to Apple :D
Not banned in Columbus, Ohio. Check your facts.
When u say scooter I din't think of this as scooter. I call moppets as scooters
QR codes finally found a use ? Do you know nothing of china literally everything is done by QR code I gen even register my house to the police with a QR code and this scooter stuff has been in china for years but with bikes that have locking stations etc
At the start of this video I immediately thought; _"Why don't we have those scooters in the country I live in?"_
Then I realized that I live in the Netherlands, where bikes are literally everywhere, including swappable bike services and whatnot. Heck, even the hobos usually have multiple bicycles here.
you entire country is only 41,526 km2 my state is 169,640 km2
population 17,170,000 Netherlands 5,795,483 my state
density 416.7/km2 vs 105/sq mi so it's not the best seeing as my state is much larger then your nation but also less populated, meaning less money and more costs and time.
All information taken from Wikipedia
one last thing I had placed my state density in square miles, let me correct it to square kilometers 40.6/km2.
@@speedy01247 But cities should be similar. But the car-centric American view shaped the cities in a way that now are very anti-pedestrian.
@FancehPants interesting, didn't know that. I wonder whether they'll want to approach this country in a similar matter, or if they have a different idea (if they plan on actually doing stuff here), then.
I was wondering when this is gonna be a thing in my country. I already see tons of people riding their personal electric scooters. Then I realized that I live in Romania and that 1% of scooters affected by theft would be made sure to turn into 100% by the gypsies which would make city wide campaigns of stealing every single scooter on every single sidewalk.
mrkiky LOL, that's the exact same prejudice some Swedish people have about Romanians xD
I just discovered this channel and im totally in love with the type of content and style. You are brilliant. Never stop making those please!
What's next… driverless scooters?
Well, considering the fact that some Japanese dudes just invented self-balancing driverless bikes, I wouldn't put scooters off the automation list
one-seat self-balancing and driving bikes with roof. Let's conquer the world, tod
I'd invest in that lol
media.giphy.com/media/FUtkjovPOoU1y/giphy.gif
A self reparking rental vehicle that can move to a better location?
I'm pretty sure they are already thinking about it.
the "litter bikes" are useless in Urban cities. In London, the wheel lock gets broken by kids to get unlimited rides
They have GPS attached to them and whenever the company sees suspicious movement, they send out police or some kind of alarm. I moved on of the bird scooters that was blocking the sidewalk and it screamed the whole 5 feet I moved it.
@@magmagon5572 just keep doing that profit will get cut.
@@magmagon5572 Some bikes amazingly have no GPS and use the app pin instead.
@@magmagon5572 That's not entirely true. I used to work for Limebike so let me break it down real quick.
First, while there are GPS's, those GPSs are located IN the wheel lock. Knock the box off, the bike is no longer trackable.
Second, when the bike/scooter/whatever is screaming at you that its going to call the police, that's a bluff. None of them have the capability to do that. While suspicious movement does show up on the App, the companies are already stretched to the limit just keeping up with the pace of operations. It's actually more economical to just write those bikes/scooters off as a loss and move on.
The 1% of bikes lost to theft is pretty accurate. However a much greater percentage are lost to vandalism. People really got their jollys tossing limebikes in lakes, on train tracks, in high ways, spray painted, ect ect ect. About 10% of bikes are being trashed maliciously.
The scooters don't seem to have as much of a issue here. I think it's because they take up less room. Other then people constantly knocking them over, vandalism and theft rates are lower, and usage rates are a lot higher. That's why you've seen bicycles vanish, and replaced by scooters. They cost more and have way more overhead in charging costs, but their ROI is way better.
@@campkira there is no profit, they cost about 500 to make, and they make about 5 a day in revenue before they break in average 30 days, losing about 350 per scooter. The only money coming in is from investors that will never see their money back
Love the way this channel builds an argument, and the visuals are fantastic too. Keep up the good work!
*Next Big Thing will be Rental Jetpacks!*
Renting other people's lawn mower is the next thing.
those are both good ideas.
HURRY UP, FUTURE
R e n t a l g r a p p l e r g u n
*R E N T A L C O N D O M S*
I love how tiny scooters are "litter" but huge heavy pieces of metal - cars, literally everywhere, are OK.
Because people didn’t come in and dump a ton of cars over night with out the city realising.
Lifespan of a rental scooter vs. lifespan of passenger car? The abysmally short scooter lifespan makes them environmental nightmares.
@@sunday8979 you think electric scooters are worst for the environment than cars?
Sunday They’re pretty much just made out of steel and recyclable plastic. I bet the average life time is about a year, they’ve been in my city for almost a year and they are getting really good usage.
Jack Emanuel Let’s just forget about the lithium battery and how easy it is to dispose of those things and will you please just google “average lifespan of a ride share scooter.”
Do a video on Discord. That'd be nice.
I think he's waiting to see if their whole gaming store thing will come to fruition. It needs to at least be somewhat comparable to steam if it wants to stay relevant.
What about?
discord pretty much sucks behind the scenes
Naw, dude. It's pretty good if you ask me.
and their shady privacy policy
I love scooting 🛴 in Austin and I don't have a car so it's very convenient. But 2 billion valuation? A little high if you ask me.
And for that reason.... I'm out
shatley123 yesss I love it in Austin it’s also fun
+Dapper
It will be 0 billion once cities keep banning them.
Hey Polymatter, quick sidenote, in Asia they use QR-codes a lot!
Especially China. These Lime or Bird bikes and scooters with QR codes are copying companies in China.
Could not agree more, the analysis of Polymatter is also limited, because in many European and Asian (indeed China) countries, they already have it or have bike systems, which is even healthier than those scooters.
Also, this analysis is limited since it focuses on the U.S. where public transportation sucks.
I loved the video, but it felt kinda off and got triggered by him saying no one uses the QR code.
Not Asia, just China, and the companies from China.
Kung Fu Kenny public transportation in parts of the US is some of the best in the world. In other parts of the US like Alaska, it’s unsafe and not needed because of its low population density and huge landmass. Depends on where you are in the US that public transportation sucks. Where I live, it’s wonderful. Also, there’s not a single public transportation system in the world that doesn’t suffer from the last mile problem
No man, in many Asian countries... Taiwan, Malaysia, South-Korea I have witnessed it myself so yeah.
PolyMatter films:
Scooter Wars
In a street, far far away, there were scooters...
I just discovered these last week and used them with friends for the first time, as bird and lime came to my city (Vienna) only very recently. It's really interesting to see how such a huge number of those scooters entered the city's ecosystem in that extremely short period of time (less than two weeks it seemed like) and already is very commonly being used in the city Center by many people.
My personal experience with them was that, although it not being a massive step further in convince (since Vienna, as many European cities has outstanding public transport), it still is a nice and fun timesaver, especially in the inner city districts, that I can see being utilised by quite a number of people (especially by those working in the city).
It's going to be very interesting to see how these companies manage to implement a system that fits American cities as well as European cities, which are massively different in terms of urban planing and sociocultural factors as well.
Thanks for making this video mate! It truly is an Interesting topic with a lot of positive potential for car-less urban development as far as I am concerned.
Funny how you used Seattle as an example, since currently electric scooters are banned there.
reallyyyy they are banned in Seattle????
@@manujohn99 As of current, the city is actually in talks of legalizing them to be ridden. I'm not a big fan of it mainly due to their ties to Uber and the fact that they chewed up profit from an industry I am a part of.
@@thevikingwarrior11 what part of industry are you?
@@manujohn99 I give leisure pedicab rides. It may seem like I'm part of the tourism industry, but I do play a pretty vital role of getting folks out of traffic jams during major events like concerts and ballgames, but also rush hour times as well. I can beat any Uber or Lyft car usually ten times out of eleven when there is heavy traffic due to the fact that Seattle has a pretty immaculate infrastructure made of bike paths.
@@thevikingwarrior11 How much do you normally charge for this pedicab ride?
Always wanted to flex on others with a supreme scooter
Light killed you ur a noob
Theyres a 40mph one now, dual motors and things.
just hop up a gas scooter... they cant tell you what power sorce you can use they are eather allowed or not
"never seen anyone wear a helmet"
*Shows video of someone wearing a helmet*
DarkuJ The magic of stock footage
I'd like to see a single example where stock footage or stock photos ACTUALLY represent the real world. :P
Lime bikes just started popping up in my city. Since then, my opinion of them has soured.
nice pun
You are everywhere :O
They’ve been in the Bay Area for quiet a while thanks (or not thanks) to the proximity to the Silicon Valley. Too many bike in the middle of a sidewalk or blocking streets.
I personally think cities should offer a bounty of say, $20 a scooter, and each week burn the fuckers.
it's not neccesarily the scooters, its the riders. if they're anything like cyclists (looking at you, deliveroo riders) who have no concern for the rules of the road and insist on riding in the middle of the street at 15mph in a 30/40/60 zone, ill take great pleasure ruining their balance with my wing mirror. done it before, will do it again. companies like this just aggrivate the problem.
and before you suggest i "scoot to work/school/whatever" instead of driving, my job REQUIRES the use of a car, and am actually timed on trips to improve efficiency. right now where i live thankfully we don't have these menaces, but we do have lycra louts and they are the bane of my work.
TL;DR
the riders need to be shot.
I can not wrap my mind around how he makes this good sponsor transitions
This is a very interesting topic. See, I skate to work. And I don't skate all the way - I live in a different town to where I work. It's about a 40 minute commute by bus. But as you pointed out in most cases bus are only fully convenient for a few people using them. The rest has to walk to a bus stop go catch them and then walk the rest of the way from where they get off. That's where my skateboarding solution comes in. Not only is it affordable, ecologic and a great exercise for the morning, but it also makes people look at you like you're 12. However I think it's the best "filler" transport for these short routes home->bus stop, final bus stop->work (etc.) The best part is that you can grab a skateboard into your hand and go shopping, cross a street or walk up a hill.
The biggest downside is the environment. You need smooth, flat surfaces to be able to skate, and in the US it's usually not a problem, however the British sidewalks near my workplace are 50/50 smooth and terribly cracked and uneven surfaces.
I would like to encourage EVERYONE to try and find their own transport of this kind - if we all did this (use buses to get to hubs near our workplaces and then bikes, scooters, skateboards or jetpacks), we could make those electric and save our planet from degrading as quick as it is at the moment.
Unfortunately the comfort of going from place A to B at your own pace whilst enjoying a lone ride is currently too embossed into our society and I don't think I, or anyone for that matter, could convince people to shift. Maybe a size reduction would do the cars some good? Instead of wasting 3 empty seats on your journey you'd just have one?
I think that this idyllic scenario will only happen if:
1: it's too late and now we HAVE to get rid of cars because we'd ran out of resources
2: the infrastructure of new cities would force this onto citizens by eliminating public roads from town centres completely - making it a bus, tram etc only zone
3: someone comes up with a way of convincing people that we need to do this ASAP. some modern-day Jesus like, say, Elon Musk.
Any case - tl;dr (too long, didn't read), but for those of you who have, let me know by discussing this in replies or liking my comment.
All the best people. I hope we can save our planet and children from dying!!
I do the same thing except with an electric skateboard. I ride into the nearby train station and pick the light rail to downtown. and continue exploring from there. I don't have to deal with parking hassles or traffic
And this is why I love your channel, I had no idea about this, did not really care about it, yet came out extremely interested in this topic and now have something to talk about with others. Thank you!
That pile of bikes in China made me so sad and angry
Now think about the billions (for most) useless cars that are in our world.... and a lot won't be even recycled properly when their life will be finished (and a lot won't even last long, because "buying a new car is fun")...
Our current world is a giant waste.
They could be exported and repaired. $$$!
Manu one billion passenger vehicles 30,000 death annually in automobiles US.
WE NEED JESUS
My day is ruined and my disappointment is immeasurable.
On the bright side, FREE BIKES
I’m always taken back by how walk-shy modern humans are, I have a bike and a car in a very hilly city but I walk or run to and from everywhere within 5 miles, it’s not hard, it doesn’t take that long, you can listen to podcasts, audiobooks etc.
It’s faster to bike or use a scooter. Alot of fun too
My commute to my warehouse job is 4 to 6 times faster if I just drive. I’m not walk shy, I just want to save time and energy.
My body is fucked from working my life away
a lot of cities aren't built for walking, distances are massive, and the roads are not made with pedestrians in mind, a lot of them not even having proper side walks. I've seen videos of people trying to walk in american suburbs, it's hell.
@@aburrki6732 but walking is so healthy
Scan the QR-codes "I guess we finally found a good use for those" . Nice :')
These scooters are definitely NOT banned in Columbus, OH. Bird, Lime, Lyft and one or two more companies have scooters all over the Ohio State campus.
Every video is a masterpiece!
Good job!
Your videos are also too good
buttery smooth transition into sponsored content.
Hahaaa
Lolol
Hhhhh, omg that made made me lmao
I havent been on a scooter since 2010
yes
Well ur quite the wholesome lad
Wholesome Lad Haven't been in a scooter since I WAS BORN.
I alway thought it for girl and young kids since walking would be faster. Anyway, it come and go.
We were all curious.
Wow, what a break down! Thank you for posting this!
jokes aside and all QR codes are actually a huge thing in Asia
China isn't Asia
Cant u pay for shit with QR in asia?
@@Soosss yes you can
@@hijack69 Well anywhere in Japan/Korea with a lot of Chinese tourists has QR codes too, it might actually be possible to survive in Tokyo only using wechat.
@@hijack69 so, not just China. QR codes are huge in India as well. Unlock cycles, pay for goods and all that.
This is the best breakdown I have seen of this issue, I wish i had seen this before I made my video about them haha
Too bad no one cares
Honestly brilliant.
Something everyone thought was cool but knew they were going to ride once and never again (as was the case for me). That coupled with the fact that the market for electric scooters died after it went out of style, thus killing prices. No research and development required (at least not from the ground up) and a whole bunch of cheap parts lying in a warehouse somewhere made this a breeding ground for start ups.
QR codes finally found a use ? Do you know nothing of china literally everything is done by QR code I gen even register my house to the police with a QR code and this scooter stuff has been in china for years but with bikes
Eletric bikes in Lisbon, Portugal. Pick them up anywhere and drop them anywhere in Lisbon.
KONO DIO DA
I was just trying to say the same…
How do you feel about your president rolling back policies that once benefited China and allowed it to grow? He's now turning reverting it back into a typical dictatorship with his new policies and extending his reign. Which means a massive step backwards for your country unless Chinese actually do something about it. You can basically say goodbye to Western goods and even meat as much of that was imported.
@Ryaken Everyone is uncomfortable and many were shocked by the elimination of 10-year presidency. But VPN is still usable (I know the gov can block whenever they want), visas were still issued normally (unless you have unexplained assets like bribe money). I don't think Xi will go any further on that road considering how many whispers on the internet already are. Xi's anti-corruption campaign seems to be a success (mid to low level corruption decreased drastically, unlike previous presidents' similar effort only focused on higher level thus making them seems like a tactic to secure power). Overall, it is still too early to say what Xi is going to be in the future, but that guy did some good in the past, I would give him a B+ (B for Hu, C for Jiang, and A for Deng).
Not going to lie, at first glance I read it as ‘Why school shooters are worth billions’.
damn if only i was worth billions
They kind of are. The media milks them for all they’re worth.
Great thinker here
This misread title makes me think about the real revenue model behind Korean pop entertainment companies: Sasaengs. Saesangs? (what ever way it's speled lol!).
If you divide the networks' annual revenue by the average amount of time they dedicate to school shooters in their news cycle and tally them all up together you might find in the US at least, that might be truer than you realize.
People love sensationalist news and can't afford to pass up the latest thing that is being talked about so school shooters are literally worth billions for american news corporations by a certain amount of time, could be 1 year, 3 or 6 I haven't crunched the numbers.
This scooters are awesome! I live in LA and its really cool that u can go relatively fast from santa monica to venice beach in no time!! I love that
Great video! But I live in Columbus and these are not banned here, just banned from being used on the sidewalk. They also have restricted areas, like Ohio State campus on game day. These restricted areas are software/GPS enforced and the scooters simply will stop in these areas.
He might be referring to Bexley banning them
There's one company called Veoride that's been designing their own scooters and theirs have removable "cartridge" batteries. They have someone come around in a van and swap out batteries and take care of any reported maintenance needs (and then re-park them safely). There are probably others that have started or will start doing this as well, as it makes sense.
I used to be unsure of subscribing to you but the regular quality content is fantastic! Keep it up ;-þ
You act like you had to pay to subscribe 😂
From my experience using dockless bicycles, I found that most of the time the bicycle I need is at my destination! Makes sense since for home/work commuting the end of most first miles is typically a metro station, and the end of most last miles is not my home. So I found it not useful for the first mile and last mile problem. The probability of access to the service is too low to factor in any trip planning.
I think dockless would do better when trip start and end points are less aligned and more evenly distributed. Trips within a CBD during working hours perhaps?
Those who complain America's crap public transport and sidewalk or why people would not walk 20 minutes to stations just don't get it. It's not for your understanding or empathy. If there's a market to exploit, it happens and benefits both the provider and consumers however niche.
These scooters appeared overnight in my town (Sweden). I've never used them, but lots of teenagers commuting by bus or similar, who don't have bikes, use them.
The fun thing is that in Europe we have these things for already 5 years, even more
Thats cool
Great stuff, love how smooth you pull the sponsors.
2:45 You would be surprised that the Netherlands has more bikes than people. And it works.
Yes, but china also has almost 1.4 Billion people, that's like several orders of magnitude larger. Netherlands has a little over 17 million. That's more than 230x as much people.
Nicely put together.
qr codes revolutionized the shopping industry since their invention. They are more useful than we realize.
I live near Seattle and its always weird when anyone mentions the area because it rarely ever happens.. great video tho!
What if people just bought their own scooters?
Underrated comment lol considering they are $250 each
You have to lock/store it, charge it, find a plug for that, go back to where you left it, maintain/replace it...
Apparently for many people it's not worth the trouble.
But it could be a different story if it was supported by city infrastructure.
@dandanthetaximan The ease of maintenance isn't the big seller. It's that you can start and stop whenever. You would never abandon a personal bike once you reach your stop, and that means it's stuck with you till you get back home, but you can do that if some city-wide infrastructure is managing the system.
I had 2 electric scooters back when I was younger and just brought it into my apartment no biggie!
Out of towners who visit and have to park far away from there destination due to terrible parking in downtown cities use these scooters
Great summary you have done.
I remember haveing these in Milwaukee, Wisconsin. It was fun while it lasted then it got banned :/
8:42 i have youtube and amazon on both screens open when this came up haha
Scooter companies: Worth billions
2020: Nah
Got a citation at my university campus for riding my electric scooter. Going to fight both citations in court (yes both). I got it argued off last year in juvenile court & the judge there said just tell them I overruled it, you're just getting to class and it has a brake.
The officers who stopped me and gave me tickets will both show up in court "adult court" they say. I'm glad this video was made and that this is the future. I honestly love the scooter, its simple, no hassle like the bicycle and you can make a small side amount of money from charging :) Love your videos PolyMatter.
"Scooters aren't just a novelty, they are a means to greater mobility "
-Albert Einstein (Probably)
5:12
I live in Seattle and deadass saw the thumb nail and was like that map looks like Seattle
New Zealand recently got these scooters as well. New Zealand's scooters are made by lime.
CrazyFTW in Auckland ?
No theyre made by China/Xiaomi
Yo That drone shot you used was in my neighborhood and tripped me TF out!
I think scooters are fine, but I doubt they will replace cars any time soon as most people generally prefer cars as their mean of transportation especially if they have kids well at least in Singapore. I'm not too sure about other countries though.
Cheng Han the Squid brother; they never will. Once self driving cars come, they will take you directly to where you want to go and much quicker than driving today and because there will be no driver to pay, very cheap to charge, and very cheap to insure, they will be much cheaper than today.
@@cheese-je9xs I'd rather drive than sit in a driverless car. Why do we need driverless cars anyways. To remove the job of a driver or to make more money for individuals in corporations?
Delicious 60fps. So smooth.
Gawddammit, I had a billion dollar idea and never did shit about it. I swear I pitched this same idea in a class a few years ago and was actually going to put it into action, but I convinced myself it was not a good idea. Oh well...such is life.
Huh, they went into Poland by storm, starting with Lime 2 months ago and now we have about 4 companies in the city I live in- I guess we could have seen this coming!
man these computer voices are really getting better
Awesome breakdown as usual !!
I can’t wait till we see the jet pack wars 🤙😁
Great job! A very thorough and thoughtful video.
lmao slowed down the video to strech it to 10 minutes
Do like me, change the speed rate to double. Problem solved
yeah nah, i just didn't watch it and put this guy on "not interested". Got no time for people who pad out their content like that
Noticed it too. Instantly unsubscribed.
Damn you are very picky about who you sub to... this was a super well made and informative video, I'm glad it was 10 minutes. I hate having to pick a new video to watch constantly so the longer a high quality video is, the better.
Cadger Christmas Light Show naahh the pace of the voice was boring as fuck...nearly killed myself until I changed to 1.25
Bird is huge in Purdue, mainly because parking for students is near impossible and the campus is like 4 miles long.
My brother friend we t to Perdue and he told me how big it was years ago
These are a great idea for everyone who: 1) lives in a city 2) with permanently nice weather 3) and a reasonably low crime rate 4) and don't have physical disabilities 5) and don't need to haul any sort of gear or equipment 6) and don't get reimbursed for parking by an employer. So... that's gotta be like...90% or more of the populace...right?
ElyssaAnderson not sure but it’s probably a lot of people. Obviously it isn’t meant for the busy single moms with a million commutes and four kids. I’m a college student and think an electric scooter is an amazing alternative to buying a car in the near future. Coz my work, home, church, anywhere really will be within anywhere from 2-13 miles of each other. And I’d rather invest in a good scooter than get saddled in car loans, car debts, or car payments. Or spend $5 and change on a bus Daily. Which adds up to a lot over the course of the year. And I live in a part of Texas where the weather is just fine year round so this isn’t an issue either. If it works for u then great, and if it doesn’t, find a better alternative that does. Obviously it probably isn’t meant for old, disabled, insanely busy (etc) people.
Vast majority of people in western countries live in cities.
No place has always nice weather, and then you just dress appropriately.
Laptops and bags can easily hauled while riding a bike or scooter
And vast majority of the people are not disabled
Wow, this completely flew under my radar. I didn’t know this happened. Being in another country really sucks.
Waitm five years till Apple creates a new model and calls it *original*
This video is so awesome!!!! I'm excited and inspired by the quality and level of information within.
Thank you PolyMatter!
Great and very informative video! It still amazes me how innovative we can be just to make everything more convenient.
Amazing information man
Lime-S’ are fun
Well explained, very thorough. Nice!
“I just hope this ain’t the future.... I hope the future ain’t scootin” Mr. Mackey
More channels like you are needed!
Or, more videos from you :)
Good job.
Buy a scooter problem solved y so much hustle of downloading and scan And one of the biggest thing is y to give these companies our information for free.
009ring that completely defeats the purpose. The purpose of these are simplicity and ease of access. So having to charge your own scooter, and look after it, and pay the 300 dollars for it, and having to lock it wherever you go, and having to go back the place where u locked it up ruins the ease and appeal. The reason people like them is because their easy
@@averyshaw2142 they are foldable ... i had my xiaomi m365 with me at a concert yesterday ...
A colleague of mine recently lost his 20-year-old son in a scooter accident. Here in DC, the relationship between drivers and cyclists has been contentious. Add in motorized scooters and things have gotten even morse. In downtown areas, we have a lot of bike lanes, but many major routes still don't have them. These scooters have to stay on the road because of the maximum speed, but the drivers have yet to get used to them.
I will admit the dockless bikes/scooters have become an eyesore. I live near a major transit station so they have been strewn about around the neighborhood. They get left on people's yards, sometimes in the middle of driveways. They're a major pain in the ass compared to the docked bike-shares.
I had no idea these existed
Burz Wild yeah me too although in my city there are bicycle for rent.
me neither.
I love jump bikes
You don’t live in a city?
These just appeared in my city. One week I saw none, the next I see 3 to 5 per day.
I worked at Amazon. They give everyone bus passes so buses are free. It's interesting that your example was Queen Anne to SLU/Amazon since that was my daily commute when I worked there.
Okay, I watched that, but I still see no reason that scooter startups are worth billions. Instead, I see another case where the stock markets act as a pseudo-rational form of gambling. Given the underlying technology, the market could evolve where the app was scooter-provider agnostic, and the price could drop to provide normal returns on capital, and cities could charge congestion pricing to encourage polite parking with motivations for distributing the scooters instead of dumping. But instead, I predict that cities will act to reinforce, rather than counter network effects. And there will be winners and losers in this based on little other than who is popular.
They aren't on the stock market.
But the private investors take their profits if and when the startups go public.
God, I’ve never seen such a mix of big words and stupid statements.
@seededsoul - imgur.com/ST9E4mk Naming-calling or Responding to Tone?
Almost watched all your videos last night :D very informative. Keep it up
just a year later the bubble burst. talking about these so called "infographic videos"
These things are huge where I go to school at ucla. Everything on our campus is on a hill so it helps to have this option. I feel like these things are great for college towns/cities since a lot of students don't wanna bring their car and have to pay for parking for the year, especially in a heavily congested city like Los Angeles
one of the jump bikes broke for my friend while he rode it
In New Zealand we use lime scooters.
But everyone parks the scooters so nice and it surprises me 😂
I’ll o to a bus stop and the scooters are all in a neat row and they’re all on the same angle as well.
It always looks like a robot placed them lol
For anyone not familiar with these scooters/ not living in an urban area they sound a lot more appealing than they actually are. First off, they charge you $1.00 to start, big deal you say but chances are the battery is dead and you have inconveniently walk a few blocks to find another one while being charged. Once you ride its like 30 cents a minute which may not sound like much but after 30 minutes (about 3 miles) it costs like $8 or more. Definitely worth an Uber. The scooter is ONLY worth if it you are lucky, find one right away and need to go less than a few blocks away in a short period of time or if you're just trying to have fun being the asshole swerving on the sidewalk.
It's also funny how they "privatise" maintenance - that is charging. They probably save at it a lot.
We have this on my campus and tbh it’s great we should have more cause sometimes u just need to get across a garden or streets that are far away from bus lines & for the leave it anywhere...it’s nice on campus cause that’s usually dorms or halls
I hope these scooters don’t hurt me ankle
They can't whip all the way around, so my ankles have been safe so far.
I felt that comment.
The scooters are not banned here in Columbus Ohio, they were only banned from the sidewalks. Supposedly you can be ticketed for riding them on the sidewalks now but I have yet to see it happen.
I live in Italy, and here it's not a problem to walk 20 minutes to take a bus! But it could be useful for people who are late or have knee pain! :)
I live in Switzerland near the Italian border and every public transport that comes from Italy it's always late!(not as bad as Germany tho)
@@poncio2632 Maybe that's the reason why we walk so much 😂
Sure, it's easy to walk 20 minutes to the bus stop, and a lot of people here in the UK do that as well. But 20 minutes walking, 10 minutes waiting, 30 minutes on the bus, and another 10 minutes walk after you get off means your entire journey takes 1 hour and 10 minutes, when you could do it in the car in 25 minutes. That's why people drive so much if they have the option.
Valaens - Serie TV Americans are busy people, we do all of the work in the world. Don’t have time to sit on our asses eating pizza all day.
@@seededsoul Well, if you have the time to bother random people on the web, maybe you're not working that much! 😁 Walking is good for your health, italians are the second population in the world, after Japan, with the longest lifespan, and we enjoy that time too! 😃😃
I used to live 1-2 blocks away from the pin on the map near Queen Anne, and my wife worked about 1 block from Amazon. She walked every day. It’s crazy that there isn’t a bus route on Mercer. Let’s be real though. If you work at Amazon you probably get a free(ish) ORCA pass, so the bus is free to use, not $5.50.
Also, after using these scooters in another city it is clear to me why they won’t work in Seattle is their current form (I rode in traffic, by the way, not in bike lanes). Even going up a very gentle slope the scooters slowed to a crawl. I am certain that they wouldn’t work going up many of Seattle’s hills.
Scooters are allowed in San Francisco now. Been seeing them for about a week now
Orest also texas
Not to mention that these are considered "electric vehicles" and each scooter gets a $500-$1000 tax credit (which they use or sell to profitable companies) depending on the state its in. That is the biggest money maker and why valuation is so high. 3x profits from the start. In reality the companies don't care if these things get thrown away or lit on fire, they want to buy more of them.
They are just way overvalued especially with so much competition there is no way the company has the combination of technology, staff, assets, and growth potential to be worth that much.
Sure scooters would work in San Fransico, but they got banned. Scooters do not work in 90% of the U.S. just like the rest of public transportation; America is just simply to big and not nearly dense enough to support it. The sad reality for those that want to eliminate cars is that they will be necessary for the U.S. for a long, long time. In most countries that are physically large people have still congregated to a handful of cities, but in the U.S. populations are extremely spread out and the populations that would overwhelmingly benefit from public transport or cheap private transport are very rural or on the outskirts of cities and there are no scooters, bike lanes, buses, or trains there.
I agree with you. This is niche product that doesn't affect the economics of commuting all that much. Replaying my life, I can see using this when I was a freshman in college, before I had accumulated capital to buy a car. To increase the likelihood of having a scooter available to me when I arrived when I wanted to go home, I'd put a cheapo lock on the scooter, which would kill the economics of it being used multiple times a day.
Cars on going to begin to dominate the rest of the world again and continue to do so in the us. Once self driving cars come, they will take you directly to where you want to go and much quicker than driving today and because there will be no driver to pay, very cheap to charge, and very cheap to insure, they will be much cheaper than today.
Nathan Curet - until you find that you can't get a ride in a self-driving car because your social credit score has dropped below 4 stars. See Black Mirror "NoseDive" - Sharp Satire in 2016. Begininng implementation in 2018:
money.cnn.com/2018/09/05/technology/uber-australia-new-zealand-riders/index.html
Great video. Thanks
Everything on the internet is a gold mine, right?
I could see transit apps becoming the go to. Transit already has Uber, Lyft, and regular bus routes. You get the most convenience from things like that since it shows you what all your options are.
Great video, keep it up
Lol that model will not work in my country! First week, all will be stolen.