Whizz wants to own the delivery e-bike subscription space, starting with NYC

Quick Summary:

New York City, home to over 60,000 gig delivery workers, has been cracking down on cheap, uncertified e-bikes that have resulted in battery fires across the city.  Some e-bike providers may see such regulations as a problem for business.

However, we strive to focus on companies with fundamental business value in the markets not inflated by an excess of capital,” Toporov said.“We believe that Whizz is a hidden gem that will continue to surprise the market.

Sergey Toporov, a partner at Leta Capital who led Whizz’s equity round, said he invested in the startup because it was able to achieve a great contribution margin on a small scale.

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Article Details

Author / Journalist: Rebecca Bellan

Category: StartupsBusiness

Markets: United StatesAustraliaChinaGermanyIndiaMaliVietnam

Topics: E-bike subscription Transportation Whizz Startups Ebike

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-05 @ 16:08:57 (3 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1942 words

Reading Time: 11 minutes read

Sentences: 89 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21159555

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