Automotive
Future investment in shared mobility space likely to be compromised, says report
21 Oct 2020
The outbreak of the coronavirus pandemic and the fear of its
spread have greatly impacted the shared mobility market, especially since
travel to workplace has reduced significantly a report said.
“Covid-19 has greatly impacted the shared mobility market
with companies like Bounce, Yulu recording 40-50% drop in rides before
suspending operations; future investments and consumer favorability likely to
be severely compromised," said a report prepared by consulting firm Praxis
Global Alliance.
The full article was originally published on LiveMint