You must first choose whether you want to purchase or rent your scooters. If you decide to buy, you’ll need to account for the price of the actual scooters as well as any required extras like helmets and locks. Depending on the manufacturer and model, a single electric scooter might cost anywhere from $200 to $1,500 or more.
You must account for the cost of leasing your scooters from a manufacturer or distributor if you decide to rent them. Depending on the lease’s terms, this can cost anywhere from $50 and $150 per scooter each month.
When launching an electric scooter business, other expenses to take into account include staffing, maintenance and repairs, infrastructure for charging, insurance, and marketing and promotion. The maintenance, charging, and distribution of the scooters throughout the city will require the hiring of staff. You’ll also need to create a mobile app that lets clients find and rent your scooters if you want to start a business renting out scooters like Bird. With expenses ranging from a few thousand dollars to tens of thousands of dollars or more, this can be a major outlay.
So how can scooter businesses generate revenue? Customers are normally charged between $0.15 and $0.30 each minute to use their scooters, on average. Some businesses likewise impose a one-time unlock cost. Some enterprises might collaborate with nearby governments or businesses to generate extra cash streams.
In conclusion, there are many variables that can affect how much it costs to launch an electric scooter business. Consider the costs of purchasing or leasing scooters, insurance, maintenance and repairs, charging infrastructure, marketing and promotion, hiring personnel, and app development if you’re thinking about launching your own scooter business. Do your study to identify the best investment opportunity if you’re interested in the electric scooter sector.