The problem of traffic jams, fuel costs, air and noise pollution have necessitated us finding solutions. One of these solutions is e-sharing businesses. Dockless bicycles, electric small motor scooters, and electric kick scooters (e-scooters) have perfectly fit into high-speed city life and have become a boon. E-scooter sharing has a special place in the vehicle rental market for the following reasons:
One of the reasons why e-scooters are becoming more popular is the easy-to-use e-scooter sharing apps. Therefore, the success of any e-scooter rental business highly depends on the quality of the app. But why is the app so important?
This article will help you to better understand why an e-scooter sharing app is a good investment through the discussion of the following:
The e-scooter sharing model has been gaining popularity over the last couple of years, and it is now considered one of the most profitable business models. Why is this? First of all, time is money. According to the data, the average daily commute in America is about 50 minutes of driving. Additionally, there’s a high risk of getting stuck in a traffic jam on the way to or from work. The amount of time people spend in traffic jams per year differs between cities:
Moreover, carbon dioxide emissions are still increasing, and the greenhouse effect is worsening due to the increasing number of fuel-consuming vehicles on the road. This problem demands solutions. And this is where e-scooter sharing stands out as a good alternative to traditional means of transport. It’s an unusual option to get from point A to B quickly, such as a nearby office or the closest bus station, and there are no traffic jams. People also view e-scooter sharing as a kind of entertainment that they share with their families and friends.
The whole e-scooter sharing process is contained in an app as the customer uses it from the start of the trip until its conclusion. It takes just a few minutes to organize the ride in a series of simple steps.
E-scooters solve the problem of short distances, being stuck in traffic jams, and creating emissions, which are the same benefits as bike sharing. However, e-scooters are better than bikes due to their speed and their ability to stop riders from expending energy.
E-scooter sharing is great for many different reasons, including it being ecologically friendly, cheap, and simple to use. Thus, it is beneficial both for users and entrepreneurs. Some other advantages include:
The speed and minimal effort required for e-scooter sharing has led to it growing in popularity. Moreover, people choose e-scooters because of the mobility and comfort provided by a well-developed app.
Owning an e-scooter sharing app ensures more profits for the entrepreneur for the following reasons:
Therefore, e-scooter sharing apps are a good startup idea.
The e-scooter sharing market has got its own leaders. Giants in the industry, such as Lime, Bird, Skip and the like, have spread from America to Europe. However, new sharing businesses are being started that are aiming for their piece of the cake.
Statistics will dispel any doubts you have as the numbers confirm that the e-scooter sharing business model is really gainful and is rapidly growing:
– The global e-scooter sharing market was worth US$20.78 billion in 2021, and it is expected to reach US$22.28 billion in 2022;
– The e-scooter sharing market is expected to grow by 7.8% each year from 2022 to 2030. Therefore, by 2030, the market will total about US$40.6 billion;
– A compound annual growth rate of 15.42% is expected between 2022 and 2026, with a projected market value of US$2.818 million by 2026; and
– In Europe, the e-scooter sharing market is expected to reach at least US$12 billion by 2025.
An e-scooter sharing app plays an essential role in the e-scooter sharing business as, the more attractive and easy to use the app is, the better the download statistics will be. According to Statista:
– The leading e-scooter sharing companies have reached the following number of downloads worldwide in 2022: Bird has 5 million, Lime has 10 million, and Spin has 1 million;
– The number of users is expected to reach 124.8 million by 2026;
– The user penetration rate is 1.0% in 2022 and is expected to reach 1.6% by 2026; and
– The average revenue per user is expected to amount to US$20.60.
Therefore, several in-depth studies indicate rapid growth of the e-scooter market and emphasize the importance of e-scooter sharing both now and in the next 5 to 8 years.
Naturally, e-scooters’ technical characteristics are important, and the speed, brakes, electric motor, wheels, and the like are more or less identical in all of these vehicles.
An app is also an essential part of the e-scooter rental business. An app that has an attractive design, easy navigation, and relevant functionality engages users and increases the number of downloads and trips, which ensures success for the business. An e-scooter sharing app also gives users the ability to use the vehicle through the smartphone display.
Popular e-scooter sharing apps have the following features:
An owner of an e-scooter sharing business needs to monitor all of their e-scooters, including their location, condition, battery power, and more. The app can help with that. An admin panel can be added for the management of the e-scooters when the app is being developed.
The admin panel could include:
A well-developed app plays a large role in business development strategies, and it can be a useful tool in your business operations. Thus, an app benefits your customers and assures your comfort.
The decision to invest in developing an e-scooter sharing app is only the beginning of the journey. In order to ensure a well-developed app and good quality for the price, you will need to take the following steps:
All these points influence the total cost of the app’s development, with the average sum varying between US$35 000 and US$80 000.
It normally takes a minimum of 350 hours to develop an app. Again, the amount of time spent developing the app depends on your preferences and the points mentioned above. If you want a specific calculation to ascertain a concrete price, we are ready to help you.
An e-scooter rental business is a good idea for a multitude of reasons. Firstly, e-scooters are an essential part of city life as they not only save time but also protect the environment. Secondly, this mode of transportation is more applicable to a wider selection of users than bikes as e-scooters are used by a range of people, from students to retirees.
Moreover, in 2021, the users of the Bird e-scooter sharing app saved about 1 125 000 gallons of gasoline, which is roughly equivalent to 2 Olympic-sized swimming pools.
Thus, if you want to make a contribution to society and the environment, this is definitely the business model for you.
Now that you have all the information for building an e-scooter sharing app, it’s time to jump into the development process. Contact us to get all the details about your future app.