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A new on-demand battle is speeding toward the US, and VCs are seeing dollar signs
The battle isn’t over car sharing. It’s not over bus sharing, either, though that, too, is a growing focus for investors and automotive companies that are desperate to understand how cities and transportation are changing. This clash is over the latest wrinkle in urban bike-sharing – dockless bike sharing. And it has founders and VCs around the globe seeing dollar signs,… Read More
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Spin wants to bring dock-less bike sharing to the US
Bikeshare programs in the US have mostly consisted of kiosks, or stations, where users can unlock a bike, take it off the rack, use it and return it once their errand or joy ride is done. Some only allow subscribers others charge by the hour. Meanwhile in China, bikeshare programs have evolved from kiosk-based systems into something else entirely. Venture-backed companies in China like… Read More
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