We know everything about bankruptcy
24/11/2024
Sunday
24 November 
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
AMERICAN E-SCOOTER STARTUP FILES FOR BANKRUPTCY
The application, in which the debtor's former CTO Mohit Wadhera is listed as the debtor's representative, was filed in the Northern District of California.
In a statement, the company said that it currently has $ 10 million to $ 50 million in debt, while the company's assets are valued in the $ 50 to $ 100 million range.
According to industry experts, this is the first announcement from a kick-sharing business operating in several cities in the United States.
The company was originally founded in 2017 under the name Waybots as a high-end competitor to other existing scooter rental (sharing) systems. As early as February 2018, it began operating in Washington DC as part of a pilot program. The company differed from its competitors as it offered more durable scooters with a more powerful battery charge, and also conducted training sessions for those wishing to master the ‘new’ kind of transport.
In 2018, the startup was launched as Skip, and by August the company was one of two (the other was Scoot) to receive work permits in San Francisco for a period of one year. However, by the end of 2019, city officials had banned Skip scooters due to several incidents of spontaneous combustion.
In December 2020, the startup was acquired by its competitor Helbiz.
It is an Italian-American company offering electric bikes and scooters rental. It was founded on October 16, 2015 by the Italian businessman Salvatore Palella and managed to establish itself in Italy, having presented the electric scooter model to the market back in October 2018.
Last year, Palella said that the acquisition of Skip will allow the company to expand its presence in the United States. ‘As Helbiz was the first to enter the Italian market, as the leader in micromobility in Europe, it is imperative to expand its operations in the United States’, said Palella. The company emphasized that it would take over the management of the Skip's San Francisco headquarters. Skip co-founder and CEO Sanjay Dastur said the company will continue to operate under its own brand, maintaining an emphasis on safety and sustainability, but now as a subsidiary of Helbiz.
According to American analysts, Skip is still the first company working with electric scooters to file for bankruptcy. Despite initial fears about whether electric scooters will survive during the pandemic, most of these services have remained in the US market and are in no hurry to file for bankruptcy. Many are even thinking of expanding their offerings to customers.
According to experts, residents of large cities have realized that they have new opportunities for socially remote and stable travel in the open air.
The city authorities have also supported commercial companies, offering alternatives to automotive transport.
In particular, the Bird (the first major kicksharing service), which offers scooter rentals, is going to go public by entering the New York Stock Exchange. Lime (the former subsidiary of Uber) introduced the original moped rental to the market. In addition to it, Scoot, Spin and Jump have permits to work in San Francisco. A Lime spokesman said that the demand exceeded expectations. As a result, the company finished the next quarter in 2020 with full profitability for the first time.
