US MICROMOBILITY MARKET

 INTRODUCTION

The micromobility market is still in its infancy, and customer acceptance and governmental permission will determine whether it develops or grows.

There are a number of significant corporations and governments increasing their investments in the micro-mobility mode of transportation, which is anticipated to boost the expansion of the micro-mobility industry.

Government officials are also providing incentives for the adoption of environmentally friendly modes of transportation including bicycles and electric bikes in response to growing environmental concerns.

US MICROMOBILITY MARKET DEVELOPMENTS AND INNOVATIONS

The expansion of the micro-mobility market in the upcoming years will also be hampered by the lack of knowledge about these cars. A lower adoption rate will be the outcome of poor product awareness.

Additionally, shared transportation service providers own a sizeable portion of the Micro-Mobility Market Share, but they are mainly limited to urban regions. This poses a significant obstacle to the market's continued expansion.

The demand for shared mobility options like ridesharing and car sharing is predicted to develop quickly in metropolitan areas, which will lead to an expansion in the micro-mobility industry.

Additionally, micro-mobility vehicles feature a lightweight, compact design, a smaller payload capacity, an electric or human-powered drivetrain, and a constrained seating capacity. The world market for micromobility is probably going to be

COMPETITIVE LANDSCAPE

Numerous initiatives to tackle climate change have been put in place in response to rising greenhouse gas emissions, giving policymakers reason to put their faith in electric vehicles.

The rise of the micro mobility market is anticipated to be driven by reasons like rising fuel prices, increasing traffic congestion, saturation in the vehicle sector, and the ease of parking.

Additionally, the expansion of the rental and sharing markets for electric kick scooters and electric bicycles around the world is anticipated to create new opportunities for micro mobility in the coming year.

VOI is a leading mobiliser of the equipment in the market. The latest integration has been the newest additions, which include designated riding zones and parking areas, include the Voi Scooters.

To ensure that these Zones and places are tailored to local need, we built them in partnership with the cities. In all of our cities, Voi's service is carbon-neutral. The primary cause of emissions is production.

To ensure that every vehicle and spare part may be used for as long as possible, they invest in better scooter vehicles and train local repair teams.

Zagster is part of the component manufacture trending companies in the current industry. The platform uses a customised set of tools to control field operations and micro-mobility dispatching.

In order to balance efficiency and ridership, the platform connects to rider, vehicle, and market data and employs machine learning to improve vehicle placement, workforce scheduling, and geographic routing.

The algorithms are honed to swiftly identify "at risk" automobiles and detect fraud, hence minimising vehicle loss. In 35 states, they presently run more than 250 micro-mobility vehicle sharing.

COMPANIES PROFILED

• Beam Mobility Holdings PTE. Ltd
• Bird Rides
• DOTT
• Electricfeel
• Floatility GmbH
• Lime
• Neuron
• VOI
• Yulu Bikes Pvt. Ltd
• Zagster
• Beijing Mobike Technology Co. Ltd
• Dynamic Bicycles
• Micro Mobility Systems
• Skip Transportation