A person rides a scooter on West Santa Clara Street in San Jose. Bird today announced that the company has successfully emerged from Chapter 11 proceedings under a newly organized private parent company called Third Lane Mobility Inc. BERKELEY — E-scooters aren’t hard to find, whether they’re zipping down city streets, cluttering public sidewalks or sitting, half-submerged, in a neighborhood pond.
Rent-a-scooter companies frequently blame this downward trend on financial woes — stemming from both over-investment of private equity and lackluster revenue streams. As e-scooter enterprises continue to take their business and equipment offline, some commuters, tourists and residents have been left to their own devices trying to cope with gaps in service that buses, trains and other traditional modes of public transportation struggle to fill.
The current outlook for e-scooters — which generally cost under a dollar per minute to ride, along with an unlock fee — is a lot less rosy than when the industry first got rolling in California just seven years ago. While the South Bay has a slightly smaller list of options, e-scooters operated by Lime, Spin and Bird can be found in cities like San Jose, Santa Clara, Sunnyvale, Redwood City and Millbrae. Wheels powered by Veo, however, are concentrated in the East Bay and Southern California.
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