Micromobility startups struggle to profit despite heavy funding — here’s what works and what doesn’t

I recently attended a panel discussion on profitability featuring representatives from several rideshare providers at Micromobility Europe. Panelists were asked if their companies were profitable.  It might surprise you to know that despite whopping masses of funding, only one out of four was generating a profit:   ❌ Lime was founded in 2017 in the US and received $1.5B in funding. ❌ Dott was founded in 2018 in the Netherlands and raised $210.8M ❌  Swappable battery company Swobbee was founded in 2017 in Germany and raised $6M in a single investment from an energy company.  ✅ Tier Mobility was founded…

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