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Scooter-sharing startup rides out pandemic with a successful pivot to consumer sales
February 15, 2021 at 8:36 am
The electric scooter from Zoomers. (Zoomers Photo)
With a plan to move faster and with more innovation than traditional e-scooter rental companies, Shared hit the streets in 2019. When COVID-19 hit a year later, the Seattle-based company nearly crashed.
Now Shared is Zoomers, riding a pivot in Portland that started last May and turned the scooter-sharing startup into a direct-to-consumer and logistics hardware business. The company, which was down to less than $30,000 in the bank at its lowest point, is now cashflow positive and on track to do around $4 million in revenue in 2021 a nearly 500% increase from 2020.