Kick Scooter Sharing Market Witnessing Massive Growth says P&S Intelligence
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NEW YORK, March 11, 2021 /PRNewswire/ Venture capitalists across the world are making hefty investments in start-ups and businesses related to kick scooter sharing services. For instance, in 2018, Balderton Capital, a London-based venture capital firm, invested $50 million in VOI Technology AB, a Sweden-based electric kick scooter sharing firm. Similarly, Dott and Tier have received heavy funding from EQT Ventures, Naspers Ventures, Goodwater Capital, and Mubadala Capital. These investments will fuel the kick scooter sharing market
advance at a CAGR of 51.3% during 2019–2025. According to P&S Intelligence, the market will reach $4,090.5 million by 2025 as a result of such funding.