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Electric Scooter & Micromobility Business | Turnkey Operation | Ready for Commercial Launch

Location: USA

ID: (#200738)

200738
Price:Contact Broker
Revenue:$0
Cash Flow:$0
FF&E (Assets):$0
Inventory:$0
Real Estate:$0

Overview

A $6B holding company has retained Bristol Group to divest their launch-ready next generation Electric Scooter and Micromobility Platform. The global market for short range commuter vehicles (micromobility) was valued at $19 Billion in 2019 and is expected to exceed $40 Billion by 2030. Currently available Electric Scooters have low speed, short range, poor build quality and limited safety and stability.

This product represents the first true innovation in the field in over ten years.
Key product features vs. currently available models:
- Double the speed
- Double the range (distance)
- 50% heavier for stability
- High torque motor with 3X the power
- Large front and rear disc brakes
- Military grade tires
- Large number of pre-launch orders

This is a micromobility platform with multiple near-term product development opportunities. The first product is launch ready and awaiting commercial scale-up. The management and operational team are willing to transition with the business to support the first product launch and development of subsequent products.

Details

Reason for Selling:

Strategic Divestment

Established:

Employees:

Competition:

Highly differentiated from current competitors

Broker Contact Information

  • Mahen Gundecha
  • Pennsylvania - WEST CHESTER
  • 484-354-4274 Mobile
  • By Appointment Only
  • Pennsylvania - WEST CHESTER
  • By Appointment Only
  • 403 TROLLEY WAY
  • WEST CHESTER, Pennsylvania 19382
  • Real Estate Broker: