Dockless scooter and board companies usually need a license from the municipality, because they are using city property for storage space. Dallas regulations [1]. Seattle regulations [2]. Spin was licensed as Seattle's fourth dockless scooter service in 2021.
That's what Spin didn't like - competition.[3] "Open permit markets are places where multiple scooter companies can run businesses, with no caps on fleet sizes. Bear (Spin CEO) said they "create an uncertain operating environment" with "race to the bottom pricing." Apparently, Spin gets double the revenue in (non-competitive markets) compared to locations with a free-for-all market.
Er, that's how capitalism is supposed to work. They can't handle a free market.
In Zürich Switzerland after the first bike startup failed and left all it's bikes littered around the city any new startup has to put down capital for the cleanup before they get any permit now.
