The cost of opening an e-scooter business can vary based on several factors. However, you can expect to spend $12 to $27,209 with an average cost of $13,936. Here’s a detailed list of an e-scooter business startup costs:
- The cost of electric scooters can vary depending on the brand, model, and quality. On average, the price of a single electric scooter can range from $300 to $3,000.
- Registering your company and obtaining necessary permits and legal consultations can cost up to $7,000-$97,000.
- Ongoing costs like warehouse rental, taxes, insurance, and scooter maintenance are essential for the business.
- Analysts project strong growth in the US scooter sharing market – from $60 million in 2019 to over $72 million by 2028, a 20% increase.
- Electric scooters are used in hundreds of cities around the world, and the e-scooter sharing business has advantages like quick start-up, high profitability, and scalability.
- E scooter companies can make money through advertising, user subscription fees, and charging per-ride for people who rent them.
- Considering the future of the electric scooter market, businesses should closely monitor relevant regulations, collaborate with government bodies, and ensure compliance.
- Selling electric scooters holds significant profit potential in the current market environment. Entrepreneurs should focus on consumer trust, high-quality services, and continuous innovation.