Stories

How the e-scooter economy is different from the ride-hail economy

Photo by Justin Sullivan/Getty Images

The electric scooter boom has been compared to early days of ride-hailing in terms of how it is revolutionizing urban transportation, but the two markets are fundamentally different.

The big difference: E-scooter companies own their scooters and charge rental fees, whereas ride-hail companies don't own their cars and take a minority cut from driver earnings.