Paris to tax scooter and bike services

According to the City of Paris, there are 15,000 free-floating vehicles of all forms and shapes in the city, from electric scooters to fluorescent bikes and motorcycle-like scooters. And the City of Paris announced today that companies that operate free-floating services will have to pay a tax depending on the size of their fleet. If […]

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Lime scooter bug sees riders injured thanks to ‘sudden excessive braking’

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If there’s one thing you don’t want while you’re cruising downhill on a scooter, it’s sudden braking.

Lime has rolled out firmware updates after the detection of a bug within its fleet of electric scooters, which could “under rare circumstances could cause sudden excessive braking.”

According to a company blog post, Lime commissioned “extensive analysis” of the problem by its internal team and other experts, and found that although the issue was rare, it was indeed happening.

“We diagnosed the issue in a laboratory environment and determined that in very rare cases — usually riding downhill at top speed while hitting a pothole or other obstacle — excessive brake force on the front wheel can occur, resulting in a scooter stopping unexpectedly,” read its statement, published Feb. 23.  Read more…

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Lime hires its first CFO

Lime is hiring Ted Tobiason, former managing director in tech equity capital markets, at Morgan Stanley, to serve as its chief financial officer. This comes following Lime’s behemoth of a $310 million Series D round earlier this month. Led by Bain Capital Ventures, Andreessen Horowitz, Fidelity Ventures, GV and IVP, the round values Lime at $2.4 billion. Lime, which […]

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Lime loses appeal to operate electric scooters in SF

Lime, similar to its competitors Spin and JUMP, just got word that while its appeal to operate electric scooters in phase one of San Francisco’s pilot program was denied, it may be able to deploy scooters during phase two. This comes following San Francisco Municipal Transportation Agency Neutral Hearing Officer James Doyle’s decision regarding Ford’s […]

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Startups Weekly: Spotify gets acquisitive and Instacart screws up

This week in startups: Turvo takes center stage, a mental health unicorn emerges and Reddit rakes in cash.

View More Startups Weekly: Spotify gets acquisitive and Instacart screws up

E-scooter injuries keep piling up

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E-scooters can cause way more than a few scrapes and bruises.

A UC Los Angeles study from last month looked at two Southern California hospitals and the number of electric scooter injuries reported there for about a year. It totaled 250 people sent to the ER and 100 with head injuries. Now Consumer Reports has found throughout the country more than 1,500 scooter-related injuries that can be blamed on the two-wheeled vehicles.

In a report released this week looking at e-scooter crashes since the end of 2017 when the motorized scooters started arriving en masse, CR found 1,545 patients treated for scooter-related injuries. This number was determined by contacting 110 hospitals and five transportation agencies. Sixty medical centers and other police, city, and transportation agencies responded. All cities had a major e-scooter-sharing company like Lime or Bird introduced to the area in the past year. Read more…

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Lime raises $310 million Series D round led by Bain Capital and others

Lime just announced it has raised a $310 million Series D round. Led by Bain Capital, Andreessen Horowitz, Fidelity Ventures, GV and IVP, the round values Lime at $2.4 billion. “This new investment demonstrates the fundamental strength of our business and the increasingly rapid adoption of Lime,” Lime CEO Toby Sun wrote in a blog […]

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Lime beefs up its executive team with a CTO and CMO

Micromobility startup Lime, the company that operates shared electric scooters and bikes, has brought on its first chief marketing officer and appointed its first chief technology officer. Duke Stump, now CMO at Lime, is joining the company from Lululemon, where he served as EVP of Brand and Community. Li Fan, who served as Lime’s head of […]

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More scooter dollars, Slack’s revenue projections, and the IPO traffic jam

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We’re back! After what I think was our first-ever break, Kate Clark and I sat down to dig into the latest startup venture news. There was a lot. We had to skip a few rounds to squeeze the […]

View More More scooter dollars, Slack’s revenue projections, and the IPO traffic jam

More scooter dollars, Slack’s revenue projections, and the IPO traffic jam

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We’re back! After what I think was our first-ever break, Kate Clark and I sat down to dig into the latest startup venture news. There was a lot. We had to skip a few rounds to squeeze the […]

View More More scooter dollars, Slack’s revenue projections, and the IPO traffic jam