Scoot Networks

Scoot Networks
Private
Industry Public transport
Founded 2011
Founder Matt Ewing, Michael Keating, and Dan Riegel
Headquarters San Francisco, California, U.S.
Area served
 San Francisco Bay Area, and Barcelona
Key people
 Michael Keating
(Founder and CEO)
Services Public electric scooter sharing systems
Website www.scoot.co

Scoot Networks, also known as just Scoot, is an American company which provides public electric scooter and electric bicycle sharing systems. The company is based in San Francisco, California.

History

Scoot Networks, Inc. was founded in 2011 by Matt Ewing, Michael Keating, and Dan Riegel.[1] By September 2012, the company had raised $775,000 from investors including Lisa Gansky and Greenstart.[2][3]

The company opened its service to public beta in San Francisco on September 26, 2012 with 10 scooters.[2] Their fleet expanded to 50 in late 2012.[2]

By July 7, 2016 Scoot Networks scooters had collectively accumulated over 1,000,000 miles of riding.[4]

In 2016, the company received additional funding, primarily from Mahindra Partners and Vision Ridge Capital, for a new fleet of hundreds of electric scooters by GenZe.[4]

In November 2017, the company indicated its intentions to expand and include additional cities beyond San Francisco.[5]

The company expanded to Barcelona in May 2018 with 500 electric scooters and the addition of bike sharing to its services with 1,000 electric bikes.[6]

Services

GenZe 2.0 Electric Scooter utilized by Scoot Network fleet

Scoot Networks provides an online network for sharing electric scooters,[1][4] which are also owned and maintained by the company.[2][3] The service has been referred to by the media as the "Zipcar for scooters".[2][3]

The company also provides a similar model for electric bike sharing systems.[6] In August 2018, the company was also chosen as one of the providers of San Francisco's scooter-sharing system using dockless electric kick scooters.[7]

The service utilizes GPS to track the vehicles.[2] Riders of scooters are required to have a valid driver's license, but not a motorcycle license.[2][4] Riders are provided insurance by Scoot Networks.[2] Each scooter has helmets stored in their cargo bin for the rider's usage.[2]

Operations

Scoot Networks' headquarters are located in San Francisco, California.[1] Founder Michael Keating serves as chief executive officer.[1][8]

Fleet

In San Francisco, Scoot Networks utilizes electric scooters by GenZe,[9] a company owned by the Mahindra Group, whose private-equity business, Mahindra Partners, has invested in Scoot Networks.[10][11]

In Barcelona, the company utilizes electric scooters by Spanish company Silence.[6]

References

  1. 1 2 3 4 "Scoot Networks, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-05-27.
  2. 1 2 3 4 5 6 7 8 9 ""Zipcar For Scooters" Startup Scoot Networks Launches To The Public In San Francisco". TechCrunch. 2012-09-26. Retrieved 2018-05-27.
  3. 1 2 3 "Scoot Networks is the Zipcar of Electric Scooters". CleanTechnica. 2012-03-12. Retrieved 2018-05-27.
  4. 1 2 3 4 "Scoot Networks Expanding With GenZe Electric Scooters -- 1,000,000 Zero-Emission Miles To Date". CleanTechnica. 2016-07-07. Retrieved 2018-05-27.
  5. ↑ "Scoot Networks plans expansion of electric scooter rentals to Barcelona". San Francisco Chronicle. 2017-11-30. Retrieved 2018-05-27.
  6. 1 2 3 "Scoot adds a bike-sharing service as it expands to Barcelona". Engadget. Retrieved 2018-06-04.
  7. ↑ Said, Carolyn (August 30, 2018). "Scooters to return to SF; Scoot, Skip picked as Lyft, Uber spurned". Retrieved August 30, 2018.
  8. ↑ "About — Global - Scoot". scoot.co. Retrieved 2018-06-04.
  9. ↑ "GenZe E-Scooter Partners With Postmates". CleanTechnica. 2017-07-18. Retrieved 2018-05-17.
  10. ↑ "Racing down new roads". @businessline. 2012-03-12. Retrieved 2018-05-17.
  11. ↑ "Government creating aspiration for electric mobility: Anand Mahindra". The Economic Times. 2018-02-17. Retrieved 2018-05-17.
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