One bit that I’d be curious about regarding utilization is the impact mandated parking zones create.
In my home city of Porto (one which Bird serves), the scarcity and distance between parking zones for scooters negates the utility of shared mobility. Any time and convenience savings are lost when one has to account for additional travel distance and backtracking to get to the original destination. In some ways, I think it’s the freedom of the vehicles to transport riders to their true destinations that matters much more than supply.
It’s been a while since I’ve spent time in NYC but I would be curious to see how parking availability/ride endability for CityBike compares to other shared operators in other cities.
I miss the good old days. Founded in September 2017, Bird became the fastest Unicorn ever, hitting the $1 billion valuation milestone in well under a year, the fastest ever. Now it's a penny stock.
Great analysis as per usual, Ali.
One bit that I’d be curious about regarding utilization is the impact mandated parking zones create.
In my home city of Porto (one which Bird serves), the scarcity and distance between parking zones for scooters negates the utility of shared mobility. Any time and convenience savings are lost when one has to account for additional travel distance and backtracking to get to the original destination. In some ways, I think it’s the freedom of the vehicles to transport riders to their true destinations that matters much more than supply.
It’s been a while since I’ve spent time in NYC but I would be curious to see how parking availability/ride endability for CityBike compares to other shared operators in other cities.
I miss the good old days. Founded in September 2017, Bird became the fastest Unicorn ever, hitting the $1 billion valuation milestone in well under a year, the fastest ever. Now it's a penny stock.