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

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Technology, Business Services

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

21 Oct 2020

1 min read

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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Future investment in shared mobility space likely to be compromised, says report | PraxisGA