Micromobility is the use of shared lightweight vehicles—bikes, scooters, and segways—to reduce carbon emissions. Private vehicles account for about 60% of carbon emissions worldwide. Shared bikes and scooters let people ditch their car, instead unlocking bikes that are returnable nearby. In 2019, the micromobility market was projected to be worth $500 million by 2030.
Despite plummeting use during the pandemic, micromobility startups are determined to recover. Many investors expect the market to ramp up in coming years, and we have a lot to look out for. How will the pandemic change the way we look at bikeshares? How will micromobility affect the infrastructure in our cities? Why are investors so drawn to this emerging industry? And how will bikeshares change the way we look at transportation?
