As scooters become more ubiquitous and noticeable in many cities, we wondered how “scooternomics” fit in with profitability for Uber and Lyft. Are Uber and Lyft making more with scooters? How do other scooter companies play a role? RSG contributor Sergio Avedian dug in to see how Uber/Lyft profit from short rides, how scooter rides have cut into that profitability and what that means for rideshare and scooter companies.
As per recent Uber and Lyft data, most Uber and Lyft rides are around 6 miles, but the most profitable are the short ones (2-3 miles). For drivers, those minimum fare rides can be rough and sometimes the distance driven to the pick-up location is longer than the actual ride itself.