Micromobility

Micromobility explores the disruption to urban transport that comes from new electric, lightweight utility vehicles. Using the history of computing as a framework, we unpack how e-bikes, scooters and more will change how people get around cities.

https://micromobility.io/podcast/

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episode 66: 66: Exploding demand for Delivery Worker Micromobility - Mina Nada of Bolt Bikes


This week Oliver interviews Mina Nada, CEO of Bolt Bikes, about their business leasing ebikes to delivery gig workers like UberEATS/Deliveroo/DoorDash in the UK, US and Australia. Given everything happening right now with COVID19 and the explosion in delivery based meal consumptions, this is a great interview.

Specifically, we dig into:

- Mina’s background at Bain, Deliveroo and Mobike, and how that prepared him for Bolt Bikes. 

- The unit economics of their business, including 6 month paybacks, 3 year cycles and 66% residual value for depreciated bikes. 

- How most markets are still allowing takeaway and delivery during COVID19 lockdowns. 

- How couriers calculate the costs and tradeoffs of leasing vs owning their own vehicles  (ie. bikes, ebikes vs mopeds) and why the end-to-end and flexible nature of access positions Bolt well to solve the job to be done. 

- Their plans for expansion and vertical integration into their own Bolt hardware

- A discussion about ebikes and the future of the fleet, including e-mopeds and the newly released Arcimoto delivery vehicle. 

- Bolt’s ability to raise debt capital to fund expansion

- Why they plan to double down on B2B rentals, and not focus at all on B2C. 

It was a great discussion - well worth listening to!


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 2020-04-02  47m