Micro-mobility or last mile connectivity is often looked at like a passing trend or as a transient alternative that could go out of style any day. However, there are companies proving that wrong every day with successful and sustainable business models. The e-scooter rental startup Circ is one such company that went against all odds and is counted amongst one of the fastest-growing micro-mobility startups. Also, in Jan 2019, the German startup raised a large Series A funding round of €55 million.
Boris Mittermüller is the COO of Circ and Remco Janssen, owner and founder, Silicon Canals recently met him to know more about the micro-mobility segment, and what more can we expect from the company in 2019 and beyond. Boris started off by rounding up some of the factors that are making micro-mobility and last-mile connectivity grow by leaps and bounds.
The first thing being the demand as the customer uptake is quite high. He said, “Circ registered 1 million rides in 132 days and 3 million rides just after 192 days.”
As per Mittermüller, “the typical number for a company is about 1 million rides in 200 days. Circ is touted to be the fastest-growing micro-mobility company in the world.” The tech behemoth reportedly registered 10,000 rides after 200 days.