Micromobility.com to exit several key markets, to focus on profitable businesses

Micromobility.com announced its strategic steps to refocus its efforts and achieve financial self-sustainability. In line with this vision, the company has decided to exit several key markets in the United States and Europe and concentrate on markets that have the potential for near-term self-sustainability, ensuring a more streamlined and efficient business model moving forward. As part of this initiative, the company will exit unprofitable cities in the United States and reduce operations in key European markets, realigning the business to focus on profitable business lines like Long Term Rentals and Business to Business Rentals. This decision is based on an assessment of market dynamics, encompassing factors such as market saturation, regulatory frameworks, and long-term growth potential.