Analysis

February 16, 2023

Was the $5bn that VCs plugged into escooters worth it?

VCs loved escooters — but has this micromobility option lived up its hype five years on, or has the sector fallen behind on expectations?


On April 2 the people of Paris will vote on whether escooter rental should be banned from the city. It’s the first time a European capital has taken such a step, with the mayor describing the services as “highly divisive” and other local politicians saying they’ve turned Paris into a “jungle” where “people are afraid to cross the street”. The result seems too close to call, with one Ipsos poll suggesting 40% of people are satisfied with them.

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A screenshot of a linkedin post by Nathan Resnick, founder at Sourcify, raising the issue of high numbers of escooters being binned by companies when they leave markets
Many people are sceptical about escooters’ environmental credentials
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Sadia Nowshin

Sadia Nowshin was a reporter at Sifted covering foodtech, biotech and startup life. Follow her on X and LinkedIn

Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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