By Walt Hickey Liking Numlock? Forward today’s email to a friend you think may enjoy it and might subscribe. Scooters Just as a gold rush is a great time to sell shovels and pickaxes, a rush of venture capital money flowing into businesses that rent out scooters in cities across America means that it’s a pretty good time to be Ninebot, the Chinese manufacturer selling electic motorized scooters to the likes of Bird and Lime. Despite your occasional manufacturing hiccup — what’s a 2,000 vehicle recal due to the possibility they could explode between friends? — sales grew sixfold in 2018. While the scooter renters are getting billion-dollar valuations, Ninebot itself is now valued over
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