After 160 hours spent operating as a "charger" in SF, for both Bird and Lime, this space is interesting.
Here's my "back of the napkin math":
$300 - vehicle cost (based on alibaba Xiaomi m365 estimates)
$8 - average fare (unknown)
3 - rides per day (based on 90k rides in the first 30 days)
$12 - daily cost of charging per vehicle
1% - daily fleet loss (might be closer to 2%)
1% - daily maintenance required (might be closer to 2%)
After 100 days: 0 vehicles remaining
Current return on capital: -8%
Dynamic areas of the unit economics:
- Increase number of fares per vehicle (increased battery life)
- Increased average fare (increase pricing)
- Decrease vehicle charging cost (current rate could be cut by about 65% to maintain competitive hourly compensation for type of work)
- Decrease loss rate by implementing some sort of lock- tethering system
$300 - vehicle cost (based on alibaba Xiaomi m365 estimates)
$8 - average fare (unknown)
3 - rides per day (based on 90k rides in the first 30 days)
$12 - daily cost of charging per vehicle
1% - daily fleet loss (might be closer to 2%)
1% - daily maintenance required (might be closer to 2%)
After 100 days: 0 vehicles remaining
Current return on capital: -8%
Dynamic areas of the unit economics:
- Increase number of fares per vehicle (increased battery life)
- Increased average fare (increase pricing)
- Decrease vehicle charging cost (current rate could be cut by about 65% to maintain competitive hourly compensation for type of work)
- Decrease loss rate by implementing some sort of lock- tethering system