Movements | November 19th, 2020

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  • Lime’s CEO Wayne Ting announced that the company is “operating cashflow positive and free cash flow positive” in the third quarter and targets full-year profitability excluding certain costs in 2021. Wayne also announced that the company will be expanding eBike deployments and introducing a ‘3rd mode’ early next year. | Techcrunch

  • Lime also announced its new Gen4 scooter which is being deployed in Paris and other European cities. The Gen4 is actually Uber/JUMP developed hardware with some slight modifications like the IoT. Lime retained a few JUMP employees and had also retained some Boosted engineers after their asset and IP acquisition earlier this year. | Lime

  • A look into Bird’s Fleet Manager program and operations. “Bird told Smart Cities Dive that its fleet manager program is not a franchising model "as some have inaccurately portrayed it to be," because the managers do not own or personally finance the vehicles.”  | Smart City Dive

  • Bird discussed going public via a SPAC. | Bloomberg

  • What happens when Harry Potter meets micromobility. | Indian Times

  • Uber patent for ‘walkway detection for autonomous light electric vehicle’. h/t Reilly Brennan | Patent

Product Launches & Updates

Ridehailing, Carsharing, & Delivery

  • During its earnings call, Lyft announced it is looking to launch a logistics only food delivery service. The company also pulled in $25 million in revenue from Bikes & Scooters in Q3. | Eater

Investment & Deals

  • Strava raised $110 million as it added 2 million users per month in 2020. Good signal for the growth in the bike market. | Techcrunch

Cities & Policy

  • Attention GBFS producers & consumers: MobilityData is conducting a GBFS industry survey. | Share Your Thoughts

  • Data from Seattle shows that scooters are 2-3x more popular than eBikes. Lime currently maintains a fleet of 2000 ebikes and 500 scooters in the city. | Jonathan Hopkins

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