Stigo turns the ride-sharing industry profitable with its new kick-scooter

Innovation leader and maker of the world’s fastest folding electric vehicle, Stigo, announces the launch of its brand new product – the electric kickscooter for ride-sharing companies.

July 31, 2019 —

Stigo is a leading electric vehicle manufacturer that has continued in their pursuit of enhancing micro-mobility with the launch of the electric kickscooter. The new product is built on a purpose – offering an entirely customizable electric scooter for ride-sharing companies across the globe. In a similar light, the company has announced the sealing of a deal with a top European ride-sharing company as it looks to address the several challenges faced by the different stakeholders in the industry.

The ride-sharing industry is expanding at a rapid pace as the concept becomes increasingly popular among commuters across the globe. According to a report published by Reuter, the industry is expected to grow by more than 20 per cent between 2019 and 2025, reaching USD 220.5 billion by 2025. However, the industry is currently facing a significant problem – fragility, and theft of scooters. Studies show that scooters last an average of 28 days as they are easily broken or stolen. This is where Stigo is looking to make a massive difference with the introduction of the next generation’s shared electric kickscooter.

Stigo’s kickscooter is unlike an average electric scooter as it is bigger, stronger, and is available at a highly competitive price. Stigo Ltd. CEO Ardo Reinsalu commented on the new kickscooter: “We intended to build a vehicle, that has a low total cost of ownership, and which can be fully modified according to the target market’s profile” This is to ensure that each product meets the needs of riders and service providers.

Some of the unique features of Stigo’s scooter are briefly highlighted as follows:
-Highly customizable
-The low total cost of ownership
-Easy maintenance
– Durable frame
-Integrated IoT
-Hidden cables
-Great range
-Competitive price
-Safe riding experience

Stigo has shown that it has the engineering, design, and manufacturing skills to build various electric bikes, mopeds, and scooters. The Stigo model S is one of its top-rated products, particularly among the people of Germany, Japan, Korea, and the USA.

More information about the electric kickscooter and other innovative solutions from Stigo can be found on their website. Stigo is also available across several social media platforms, including Facebook, LinkedIn, and Instagram.

About Stigo
Stigo Ltd is a leading provider of a fleet of unique foldable vehicles for last-mile travel in urban areas for offices and buildings in busy city centers. The award-winning Stigo electric scooter was officially launched worldwide in 2016, and the company has grown to become a force to reckon within the industry, partnering with several ride-sharing companies across the globe.

Contact Info:
Name: Urmas Uibomäe
Email: Send Email
Organization: Stigo
Website: http://www.stigobike.com/

Release ID: 88902933