https://techcrunch.com/2022/03/23/learn-the-keys-to-unlocking-micromobility-profits-at-tc-sessions-mobility-2022/

Micromobility has faced multiple not-so-micro challenges in recent years. Aside from the difficulty to reach favorable unit economics inherent to the business itself, COVID-19 slashed ridership to a level that has still not fully recovered, making it difficult for many micromobility operators to remain solvent, much less profitable.

Servicing and maintaining fleets of e-scooters and e-bikes, keeping batteries charged and relocating vehicles to locations where they’d get more use is labor intensive. Insurance, fees and fines — from cities irritated by users leaving scooters on sidewalks or, in some cases, in ditches — also drive up operational costs.