Scoot operated, poorly, in a very small market. Look at Bird or Lime, they operate literally in hundreds of cities.
In the hypothetical case that they were buying Lime instead, the number would be at least 50 times bigger.
In the hypothetical case that they were buying Lime instead, the number would be at least 50 times bigger.
it doesn't always work out that way, but it has sometimes in the past for big payouts, so it's a common strategy and economic forecast indicator.
Bird, Scoot, Uber, Lyft and everybody else has yet to demonstrate that by scaling dramatically that they lower their costs enough to break even, much less generate SaaS margins.
Until then... They are highly speculative businesses.
The fact that Bird got 10x as much VC money and targeted hundreds of cities from the get-go doesn't make Bird any better, it just means Bird went the "large funding" route.