I think it's a social engineering problem. If the scooters didn't get routinely destroyed by people 1. smashing them into curbs because it's fun or 2 tossing them in the river because they're obnoxious / blocking the sidewalk, I believe they'd be already be profitable, or at least close.
People hate the scooters. People who ride the scooters hate the scooters. Hell, I like the scooters, and I hate the scooters. :-)