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There is no doubt that e-scooters in recent years have grasped the attention of both customers and investors. Compared with the previous generation, E-scooters ‘ capabilities and performance are steadily improving while the cost of production and maintenance have been decreasing due to technological innovation. Likewise, given its viral popularity among the customers especially the TikTok generation, return on investment in the long term is also increasing. More and more investors are giving adequate attention to the e-scooter industry.
But, E-scooter’s future lies not just in its capabilities but also in the business model. Following the massive success of the bike-sharing model in China, entrepreneurs and policymakers are already formulating and implementing e-scooters sharing systems respectively.
A great advantage of e-scooter sharing is that it helps introduce e-scooters to the customers. After all, the life cycle of the e-scooter industry is relatively young such that the scooter hasn’t yet been normalized as the regular vehicle, in contrast with bicycles, motorcycles, and cars.
Secondly, it helps bring down the manufacturing cost and encourages technological innovation of e-scooters. When the manufacturers receive more cash inflows and also a large number of feedback from customers, they are able to optimize their production line and improve their product in order to increase the marginal utility of manufacturing and maintaining of e-scooters. As a result of that, it will on the other hand encourage more purchases on private e-scooters.
Last but not the least, e-scooter sharing has the potential to build an integrated green ecological platform by merging with the current bicycle-sharing one. Together, they can help aid in reducing automobile use and gas emission as well as increasing mobility. E-scooters can provide extended coverage of urban residents’ mobility given the limitation of bicycles and automobiles. E-scooters can play an even bigger role in helping to reach the carbon emission goal.
Among the global manufacturers in the e-scooter industry, Langfeite is a major and leading company. It was founded in 2015 in Shanghai and has accumulated extensive experience and gained expertise. From producing the first prototype of e-scooters to manufacturing fully upgraded new versions on a large scale, Langfeite has been a pioneer in the transformation of urban mobility solutions that combine efficiency, convenience, speed, and safety. Specifically, Langfeite has two factories. One of which is located in Zhejiang, China, another in Shanghai. Both of them are over 3,000 square meters. Because of the great industrial capabilities, Langfeite has achieved an annual output value of $50 a year with the capacity of 100,000 e-scooters per year and 100 patents in hand.
With the great potential to be explored in the e-scooter market, Langfeite is looking to partner and work with more global distributors to supply high-quality products.