Care to enlighten us? I've always thought the scooters-as-a-service business model seemed bonkers but apparently a lot of people (including yourself?) disagree, so what am I missing?
No at the moment I am quite sure it is absolutely bonkers, and this acquisition for much lower than the "valuation" gives some support for that.
However there are some potential caveats which could turn the whole game around. The thing is that when doing scooter profitability calculus, there are few inputs that when changed can have a massive effect. Some of these could be: Scooter durability, Scooter Battery life, Effect of theft & vandalism, cost of charging.
