The most successful micro-mobility companies worldwide - how did they do it?

The most successful micro-mobility companies worldwide - how did they do it?

Vehicle-sharing and micro-mobility soon became a trend had brought tremendous success to entrepreneurs that jumped into a crazy ride by establishing a company in this field. Bird reached a $1 billion valuation in seven months, thus becoming the fastest startup ever to reach unicorn status. Lime reached unicorn status in 18 months. This year Helbiz plans to become the first micro-mobility company listed on NASDAQ. Vehicle-sharing and micro-mobility are still on the rise and it is still possible to create a successful business.

According to McKinsey & Company's "Micromobility’s 15,000-mile check-up" report, market potential by the year 2030 is:

- $200 billion to $300 billion in the United States;

- $100 billion to $150 billion in Europe;

- $30 billion to $50 billion in China.

This equals about a quarter of McKinsey & Company's forecasted global shared autonomous-driving market potential of roughly $1,600 billion in 2030. So if you are considering starting your own business with sharing, this is the right time to do it. But let's look at how leaders are doing, the milestones of their business success, and the trends they are setting for the future in the sharing business.

The fastest double unicorn ever

The company Bird attained this status soon after it was founded in September 2017 by Travis VanderZanden. He was already familiar with the market as previously he had worked as an executive at Lyft and Uber. Bird got its first round of funding in February 2018 raising $15 million. Series B round followed in March for $100 million. And the funding round of $150 million in May granted the fastest ever unicorn status. In June 2018, Bird raised an additional $300 million, valuing the company at $2 billion. Prior to Bird, this valuation had never been reached so fast by any startup. Currently, its valuation is estimated at $2.3 billion. Bird has raised $765 million in total funding across five funding rounds. It plans to reach $308 million gross profit by 2023.

Bird is a last-mile electric scooter rental service. What is important here - the company has reached its success with just one vehicle type while others have been adding several types of vehicles to their portfolio. Bird operates in 200 cities globally. Overall more than 95 million rides have been made up to date.

 

 

Bird started its business by offering customers a Xiaomi M365 scooter. With the launch of the BirdOne model, the company stopped buying and distributing Segway models.

The price for the service is €1 or $1 (depending on the country) to unlock the scooter. A one-minute ride on the scooter costs €/$0.15. There is also a monthly fee available for renting a scooter - $25. However, prices may vary depending on the country, currency, and local laws.

At the beginning of this year, Bird introduced Global Ride Pass - new pricing plans designed to save money and accelerate the shift away from cars for short-distance trips. Currently, there are four new Global Ride Pass options available:

- Daily Unlimited Rides Pass
- Monthly Unlimited Rides Pass
- Monthly Unlimited Unlocks Pass
- 3-Month Unlimited Unlocks Pass

In the second half of 2020, the company launched Bird Pay that is piloted in two California hubs. This provides users with the opportunity to pay via the Bird app for the purchase in local shops, restaurants, or food trucks as they move around on the scooter.

This year Bird announced that the company is investing $150 million in Europe. The company said that funds will be used to open safe, sustainable micro-mobility programs in over 50 new European cities. The company is also planning to go public by merging with special purpose acquisition company Switchback II. However, it is not yet clear when this could happen.

Alex Wilhelm, a journalist at TechCrunch wrote in 2018 that Bird’s gross margin is 19 percent. He explored that revenues are split as follows - 47% charging, 14% repairs, 11% credit card processing, 5% regulatory costs, and 3% customer support and insurance.

Runner up for the unicorn status

Lime is the brand of the transportation company Neutron Holdings, Inc., previously known also as LimeBike. The company is based in San Francisco, USA. In comparison with Bird, Lime’s vehicle-sharing business takes different forms: electric scooters, electric bikes, regular pedal bikes, electric mopeds, and car-sharing systems in various cities around the world. Lime operates with dockless vehicles that users find and unlock via a mobile app. It finds the location of available vehicles via GPS.

Lime was founded in January 2017 by Brad Bao and Toby Sun - former executives of the venture capital firm Fosun International. Over a period of two months, the company raised US$12 million in venture funding led by Andreessen Horowitz. Lime's first location was the University of North Carolina at Greensboro and they launched with 125 bicycles. In October 2017 the company closed a Series B round. Afterward Lime announced that it was valued at $225 million. It became a unicorn in 2018 following a $335 million funding round and $1.1 billion valuations. To date, Lime has raised $935 million in total funding across five rounds.

Lime operated in more than 120 cities over 30 countries as of September 2019. It started 2020 with the announcement that it had added 11 locations to this list, including several US metropolitan areas such as Atlanta. In the first quarter of 2021 Lime announced that it has allocated $50 million to its bike-share operation, an investment that has been used to develop a new e-bike and will fund its expansion this year to another 25 cities in North America, Europe, Australia, and New Zealand.

This announcement came a month after Lime announced plans to add electric mopeds to its micromobility platform. Lime is launching the effort by deploying 600 electric mopeds on its platform in Washington, D.C. The company is also working with officials to pilot the mopeds in Paris. Lime mopeds are manufactured by NIU, a Chinese company that also supplies mopeds to New York City-based mobility company Revel. NIU’s mopeds typically have a range of between 25–100 miles. Lime’s mopeds will be speed limited to 28 mph and can be controlled and monitored via wireless connectivity.

Lime uses many different manufacturers for the production of bikes and scooters. Other vehicles in Lime's fleet include:

- Lime-S electric scooters - four different models are currently in use: Lime-S Ninebot ES4, made by Segway with the extra battery attached on to the Main Pole, Lime-S Generation 1, Lime-S Generation 2, Lime-S Generation 3, Lime-S Generation 4.

- Lime-E electric-assist bikes.
- LimeBike - the classic dock-free bicycle.
- LimePod - colorfully branded Fiat 500s, a small, two-door model.

The fee to start any Lime ride is $1.00 and has to be paid no matter what. Afterwards, the user has to pay per minute to ride. Charges are rounded up to the nearest minute and rates and promotions. Users also pay $1 to unlock the car and an additional 40 cents per minute they drive.

In May 2021 Lime rolled out a new monthly subscription service for its electric scooters named Lime Prime. For $5.99 a month, users won't have to pay an initial fee. And in markets with no unlock fees, riders will receive 25 percent off the price of their ride. Subscribers will still pay the per-minute charge, but Lime says that someone who uses one of its scooters every day would save approximately $25 a month under the subscription plan.

Lime made its first quarterly profit in Q3 in 2019 according to Reuters. Wayne Ting, CEO of Lime said that the company generated positive free cash flow in the third quarter, having exited some markets where it was losing money, optimized the operation of its two-wheelers, and cut head office costs. “With these improvements, I believe we’re on track to be fully profitable in the full year 2021,” he told Reuters in an interview.

With micro-mobility to NASDAQ

The first company providing micro-mobility services and making up to NASDAQ seems to be Helbiz. It operates in North America and Europe. With more than 200 employees around the world, the company is the market leader in Italy and it operates e-scooters, e-bicycles and e-mopeds in over 20 cities around the world including Washington D.C., Alexandria, Arlington, Atlanta, Miami, Richmond, Milan and Rome. Helbiz was founded on 16 October 2015 by Italian serial entrepreneur, Salvatore Palella and was the first company to introduce the shared electric scooter model in Italy back in October 2018 through the legalization and regulation of the electric scooters in Italy.

Helbiz announced the intention to have a public offering on NASDAQ and on the Borsa Italiana AIM Italia exchange. In August 2019, the company announced it has completed the initial investment round for approximately $7.13 million. In October 2019, Forever Sharing, a China-based company producing electric smart mobility vehicles has acquired 5% of the Helbiz. This Chinese company invested 8 million dollars in Helbiz by valuing it at 160 million dollars. As a result, Forever Sharing agreed to supply Helbiz with 20,000 electric bicycles and e-scooters by the end of 2019 and the beginning of 2020 to deploy globally. There was no IPO.

Helbiz has raised a total of $56.9M in funding over 10 rounds. The company’s revenues reached nearly $4 million in 2020 but it plans to have $449M revenue by 2025.

 

 

Helbiz offers three vehicle types - e-scooters, e-bikes, and e-mopeds. The company offers the same payment plan for their customers as its competitors - users pay $1 to unlock the vehicle and an additional 30 cents per minute. The exception is the e-moped that charges only 26 cents per minute. Also Helbiz has an unlimited program that costs 29.99 a month.

Helbiz is planning to move forward by using penetration and user base to launch new products - public transit integration & ticketing, HelbizKitchen food delivery, and Native Wallet & Payment System. The company is in the process of obtaining its fintech license in Europe.

To sum it all up:

 

 

There is a lot we can learn from the success of these big companies. However, they usually focus on big cities with huge populations, complicated infrastructure, and a big investment required to launch there. At the same time, all over the world small cities are seeking to improve their micro-mobility capabilities. And this is the opportunity. ATOM team will take care of the software - one of the most complicated parts of this business. As we have several years of experience in the vehicle sharing business, we would also be happy to help with any other questions you might have. It is possible to start quickly and launch a vehicle-sharing business in next to no time. Here is the link to our blog. You will find a lot of helpful information there.

P.S. Useful links:
Bird investor presentation: Click here
Helbiz investor presentation: Click here

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How to choose car sharing software: an operator’s checklist
How to choose car sharing software: an operator’s checklist

🚗 Choosing car sharing software? Look beyond the rider app. Our checklist covers what to test in a demo, from keyless access and fleet operations to costs and support for both car sharing and digital rental.

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Choosing car sharing software is more than choosing an app where customers can find and unlock a car. The same system has to verify drivers, take payments, communicate with vehicles, handle problems during a trip, and give your team the tools to keep cars available. The difference between two platforms often becomes clear only when something goes wrong: a customer cannot unlock a car, a payment fails, a vehicle needs to be taken out of service, or an operator wants to introduce advance bookings alongside short trips.

If you are comparing providers, ask them to show how these situations work in the actual product. Here is what to check.

Start with the operating model

“Car sharing” can mean several different things. A free-floating service lets customers find a nearby car and end a trip within an allowed area. A station-based service may require them to return the car to a specific location. Corporate fleets, peer-to-peer services, and self-service rentals have different booking, access, and approval rules.

Write down how your service will work before requesting demos:

  • Can customers start a trip immediately, reserve a car for later, or both?
  • Do they book a specific vehicle or a vehicle category?
  • Where can they pick up and return the car?
  • Will you charge by the minute, hour, day, distance, or a combination?
  • Do you need deposits, subscriptions, corporate accounts, or different prices by location?

Ask the provider to configure these rules in a demo. A platform that supports “car sharing” in general may still require development to support your exact model.

Check the complete customer journey

The app needs to do more than display vehicles on a map. Follow one booking from the first app open to the final receipt. Check registration, ID and driver's licence verification, vehicle discovery, booking, payment authorisation, keyless access, trip extension, damage reporting, and trip completion.

For advance rentals, check whether customers can book from your website as well as the app. Ask to see the complete web-to-app journey: selecting a vehicle and dates, confirming the reservation, and continuing to payment, licence verification, and vehicle access. Find out whether the website can complete the entire rental or whether customers must install the app after booking. ATOM Mobility's web-booker, for example, lets customers reserve on the web and then complete payment, and ID verification in the app.

Then test the exceptions. What does the customer see if verification fails, the car does not unlock, the vehicle is no longer available, or the payment cannot be collected? Can your support team see what happened and resolve it without contacting a developer?

This matters because customers judge the entire journey, including how quickly they can recover when a step fails.

Make vehicle connectivity a separate decision

Car sharing depends on reliable communication between the platform and the vehicle. Depending on the vehicle and hardware, this may include location, lock and unlock commands, mileage, fuel or battery level, and other status data. Ask for a list of supported telematics providers, rather than accepting a general statement that the platform is “hardware agnostic.” For your proposed fleet, establish:

  • Which functions already work, and which require a new integration?
  • Is hardware installation required? Who supplies and supports it?
  • What happens when the vehicle temporarily loses connectivity?
  • Who investigates a failed command: the software provider, hardware supplier, or operator?
  • What are the hardware, installation, connectivity, and integration costs?

Hardware flexibility is valuable when you expand or change suppliers, but the integration for the vehicles you plan to buy now is the first thing to verify.

Look closely at day-to-day fleet operations

The customer app gets the attention, but your team will spend much of its time in the management dashboard and operator tools. Ask a provider to show how staff:

  • Take a vehicle out of service and make it bookable again.
  • Find vehicles that need cleaning, charging, refuelling, or maintenance.
  • Review a trip, customer issue, charge, or reported damage.
  • Change prices, service areas, parking rules, and availability.
  • Assign tasks and check what the field team has completed.
  • Track utilisation, vehicle availability, revenue, and trips over time.

Try these tasks with the roles your own team would use. The question is not only whether a feature exists, but how many manual steps it takes to run your fleet every day.

Consider digital rental if it is part of your plans

Car sharing and digital rental increasingly overlap. An operator might offer cars for short city trips and also accept bookings for a weekend. A rental business may begin with advance reservations and later add app-based, keyless access for shorter trips.

The technology shares many components, but the booking rules can differ. A rental may require advance pickup and return times, vehicle or category allocation, availability calendars, deposits, extensions, and different customer handover processes.

If you may operate both models, ask for a demonstration of both: an immediate hourly trip and an advance weekend booking. Check how the system prevents overlapping reservations, applies the correct pricing and deposit rules, and gives your team a clear view of availability. Also establish whether both models can use the same customer account and management setup, or whether additional products and fees are required.

ATOM Mobility supports vehicle sharing and digital rental on its platform. The useful question for any provider, including us, is how your exact combination of models would be configured and operated.

Compare the full cost, not just the software fee

A low monthly licence fee can be attractive, but it may be only one part of the cost. Request a proposal that separates:

Launch, Setup, branding, app publication, migration, and training

Monthly minimums, fees per vehicle or booking, and included modules

Payment processing, refunds, deposits, and any additional transaction fees

Telematics hardware, installation, data plans, and new integrations

Ongoing work such as support level, custom development, and third-party services

Compare the likely cost at your launch fleet size and at a realistic larger fleet. Ask what happens if the fleet is seasonal or grows more slowly than planned.

Build, buy, or combine the two?

Building in-house can make sense when a company has the engineering capacity and needs a customer experience or operating model that available platforms cannot support. It also means taking responsibility for project management, app updates, payments, vehicle integrations, security, monitoring, and support long after launch.

A white-label platform can shorten the route to market and spread that technical work across an established product. In return, you depend on the provider's supported features, integrations, development priorities, and service levels.

Slovenian car-sharing operator GreenGo initially spent two years developing its own app before switching to ATOM Mobility. Its experience shows why it is worth comparing the time and resources required to build with what an existing platform can already deliver. Read GreenGo's story: https://www.atommobility.com/blog/greengo-chooses-atom-mobility-to-power-its-electric-car-sharing-business

There is also a middle option: use a platform for core bookings, fleet management, and vehicle connectivity while building selected experiences or integrations yourself through APIs. If this is your plan, review the API documentation and confirm what your team can actually read, change, and automate.

5 things to request in a provider demo

Before signing, ask each shortlisted provider to demonstrate the same scenarios:

  1. Register and verify a new rider, then make a booking and unlock the proposed vehicle.
  2. Extend a trip, report damage, end the booking, and see the final charge.
  3. Resolve a failed unlock or payment from both the customer's and support team's perspectives.
  4. Remove a car for maintenance, assign the task, and return it to availability.
  5. Configure your actual pricing and parking rules without developer assistance.

Use your intended vehicle models, payment markets, and operating rules in the discussion. For anything that cannot be shown, ask whether it is already available, needs configuration, requires paid development, or is only planned.

The best car sharing software is the one that supports your model reliably, gives your team control over daily operations, and leaves room for the business you intend to build next. A practical demo and a complete cost proposal will tell you more than a long feature list.

If you are evaluating car sharing alongside self-service rental, talk to ATOM Mobility about your fleet and operating model. We can show you how both models work on the platform and help you plan migration and scaling.

Blog
Unlock more mobility opportunities with the ATOM Mobility and Umob partnership
Unlock more mobility opportunities with the ATOM Mobility and Umob partnership

🌍 Reach more riders with ATOM Mobility and Umob. The integration gives shared mobility operators an additional distribution channel, helping attract new customers, generate more bookings and improve fleet utilization.

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The future of mobility is not just about operating vehicles. It is about creating convenient journeys that bring different transportation options together in one simple customer experience.

That is why we are excited to highlight our partnership with Umob, helping mobility operators expand their reach and become part of a growing multimodal mobility ecosystem.

Whether you operate shared cars, scooters, bikes or mopeds through the ATOM Mobility platform, integrating with Umob allows your service to become accessible to thousands of Umob users looking for a convenient way to travel.

Why this partnership matters

Today's users expect flexibility. They don't think in terms of individual mobility providers, they simply want the fastest, easiest, and most convenient route from A to B.

Umob brings different mobility providers and transport options together in one app. Users can find, compare, book and pay for different mobility options without having to download a separate app or create a new account for every provider.

By connecting your fleet to Umob, operators can:

  • Reach new customers through an established MaaS (Mobility as a Service) platform.
  • Increase vehicle utilization by attracting additional demand.
  • Become part of multimodal journeys that combine public transport, shared mobility, taxis, and other transportation options.
  • Grow without investing in additional customer acquisition channels.

For ATOM Mobility customers, the integration is designed to provide a straightforward way to unlock new distribution opportunities while continuing to manage their core operations through the ATOM Mobility platform.

How the integration works

Through the ATOM Mobility platform, participating operators can connect their fleets with Umob, enabling users to discover and use available vehicles directly through the Umob app.

Once connected, vehicles from participating operators can appear in Umob alongside other available mobility options, giving users one clear overview of the different ways they can get from A to B.

Users can discover an available vehicle, reserve and unlock it, start and end their ride, and pay directly through Umob.

The integration is designed to support:

  • Real-time vehicle availability.
  • A seamless booking and ride experience for users.
  • Secure communication between platforms.
  • Consistent operational control for fleet operators.

Operators continue to manage their fleet, pricing, service areas and day-to-day operations through the ATOM Mobility platform, while Umob provides an additional channel through which users can discover and access their vehicles.

Business impact

For mobility operators, connecting with Umob creates an additional distribution channel without changing the way they manage their day-to-day operations through ATOM Mobility.

By making vehicles available to thousands of Umob users, operators can increase their visibility at the moment people are actively looking for a ride. This creates the potential to attract new users, generate additional bookings and improve fleet utilization over time.

Every market is different, but many operators see MaaS partnerships as an important part of their long-term growth strategy. 

Launch partner spotlight: ZEUS Mobility

One of the first ATOM Mobility operators to launch through the Umob integration is ZEUS Mobility, an ambitious European e-scooter sharing provider with a strong focus on innovation, a dynamic approach and challenging the established players in the market.

Fittingly, the partnership itself started through the ATOM Mobility network.

ZEUS and Umob first met at an ATOM Mobility event in Riga. While the initial introduction happened during the event, it was over drinks later that evening that the conversation really started.

ZEUS had already come across the Umob brand on mobility vehicles while travelling and had been impressed by the professional approach the company was taking. That recognition quickly turned into a conversation about how both companies could strengthen their propositions by working together.

From there, the integration moved forward quickly. ZEUS describes the preparation and integration process so far as “clean, professional and smooth.”

For ZEUS, the partnership creates an opportunity to strengthen the visibility of its brand, reach new customers and support its wider European growth ambitions.

Following its acquisition of Superpedestrian in May 2026, ZEUS is looking to accelerate its growth throughout 2026 and 2027, with the Umob partnership forming part of that ambition.

“ZEUS is thrilled to be partnering with Umob in European markets. Following our acquisition of Superpedestrian in May 2026, ZEUS is seeking to rapidly grow through 2026 and 2027. This partnership can help to drive this growth and reach new customers in new markets. We look forward to a rewarding partnership.” - Damian Young, ZEUS Mobility

About Umob

One app to ride them all. Umob is an all-in-one mobility platform that brings different mobility providers and transport options together in one app.

Users can find, compare, book and pay for shared bikes, e-bikes, scooters, mopeds, public transport, taxis and other available mobility options through one account and one payment experience. Instead of downloading and registering with a separate app for every provider or every new city, users can open Umob and see the available mobility options around them.

Today, Umob is available in 28+ countries and 300+ cities, giving thousands of users an easier way to access different forms of mobility both at home and while travelling.

Key facts

  • One app for different mobility options.
  • Find, compare, book and pay in one app.
  • Available in 28+ countries and 300+ cities.
  • Thousands of users already use the Umob platform.
  • Multiple local mobility providers within one user experience.
  • The same ride, for the same price as with the local provider.
Umob app
Ready to expand your reach?

If you're already operating your shared mobility service on the ATOM Mobility platform, connecting with Umob could be the next step toward reaching more users and becoming part of a truly connected mobility ecosystem.

If you're interested in enabling the integration or learning more about how it works, get in touch with our team. We look forward to helping more operators connect, collaborate, and make sustainable mobility easier for everyone.

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