Future investment in shared mobility space likely to be compromised, says report
21 Oct 2020

The outbreak of the coronavirus pandemic and the fear of its spread have greatly impacted the shared mobility market, especially since travel to workplace has reduced significantly a report said.

“Covid-19 has greatly impacted the shared mobility market with companies like Bounce, Yulu recording 40-50% drop in rides before suspending operations; future investments and consumer favorability likely to be severely compromised," said a report prepared by consulting firm Praxis Global Alliance.

The full article was originally published on  LiveMint

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