SCOOTER UNICORNS: Which E-Scooter Company Will be the Next Billion-Dollar Sensation?

Unicorns are a rare and beautiful thing, and in the business world, they’re stunningly profitable for early-stage investors. Defined as a start-up that reaches a billion-dollar valuation, it’s every small-scale entrepreneur’s dream to build a headline-grabbing unicorn – and every investor’s dream to take a position in a unicorn and watch the revenues explode.

The growing trend in electric scooters (e-scooters) has given the business community a unicorn that few expected: electric scooter start-up Bird, the fastest company ever to reach a valuation of a billion dollars. In terms of sheer velocity of growth, Bird handily outpaced all previous start-ups:

Courtesy: qz.com

Heads turned and the media was suddenly paying close attention to the e-scooter market, which has been growing by leaps and bounds. Millennials in big cities, where people usually take short trips and don’t want to be bothered with oppressive traffic conditions and scant parking spots, find electric scooters especially appealing.

The next thing you knew, ride-sharing giant Uber and Google parent Alphabet were jumping into the fray, leading a group of investors pumping millions of dollars into Lime, another scooter-sharing start-up company. With that round of fundraising, Lime’s valuation attained a whopping $1.1 billion.

And by that time, Bird’s valuation was upwards of $2 billion. Investors were clearly showing interest in the burgeoning e-scooter ride-sharing industry, with its strong appeal to the highly coveted millennial demographic in major metropolitan regions, as well as cities hosting or near college campuses.

Besides, riding electric scooters is just plain fun. Even stodgy New York Times business columnist Kevin Roose, who once wrote that he “wanted to hate the scooters,” had to admit after trying one out that e-scooters are actually “pretty great” and that “if liking fun, inexpensive, short-distance transportation is wrong, I don’t want to be right.”

The next massive cash infusion into the e-scooter space came from Ford, which announced its acquisition of scooter-sharing company Spin in November. One source reported that the automaker had invested $200 million into Spin – and we can only wonder which e-scooter start-up might be the next target on a mega-corporation’s radar.

It could easily be the hottest up-and-comer in the e-scooter ride-sharing space, LOOPShare Ltd. (TSX-V: LOOP, OTC: LPPPF). LOOPShare has been in the news a lot lately, particularly with the acquisition of celebrity and business mogul Ray J’s hugely popular Scoot-E-Bike business.

Courtesy: Ray J, Instagram

Ray J is well-known to urban millennials and will continue to be a strong advocate and brand ambassador for LOOPShare. He has every reason to promote the brand and the company’s growth, as he will control close to 19 million shares as a result of the acquisition agreement.

Think about it: the e-scooter industry already made history with the fastest unicorn ever, and now with the Scoot-E-Bike acquisition and Ray J endorsement, the electric scooter industry could easily shatter more records with LoopShare.

At a mere $7.5 million, LOOP’s valuation is ridiculously low right now – and I’m saying “right now” because I’m concerned that the $7.5 million figure will be out of date by the time I publish this. The way I see it, just the fact that LoopShare owns 100% of Scoot-E-Bike is reason enough to take a position in LOOP/LPPPF shares.

Don’t be surprised if this red-hot start-up becomes the next scooter unicorn – and when it comes to “unicorn velocity” in 2019, I’m bracing for light speed with LoopShare Ltd.

Best Regards,

Daniel Ameduri
FutureMoneyTrends.com

Editor’s Note: I’ll be making this a core position for myself and family.

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