Evaluating only Skip Scooters’s profile at its peak — without knowing the outcome — the model ranked Unit economics as the #1 likely cause. Documented cause: Competition.
Key Events Timeline
FOUNDING
Skip founded in San Francisco aiming for responsible, city-friendly scooter deployment.
FUNDING
Skip raises $31M in Series A from RRE Ventures and Cox Enterprises.
REGULATORY ACTION
San Francisco SFMTA denies Skip a renewal permit, forcing exit from its home market.
SHUTDOWN
Skip sells remaining assets to Helbiz for a fraction of its valuation, ceasing independent operations.
Full Analysis
Free · no account needed
Documented cause
Skip raised $31M from investors including RRE Ventures and Cox Enterprises but was squeezed out of markets by Bird and Lime's aggressive pricing and lobbying. After losing its San Francisco permit in 2019 and being rejected in several other cities, Skip sold its assets to Helbiz in October 2020 for an undisclosed sum well below its last valuation, effectively ending operations.
Lesson
“In winner-take-most micromobility markets, losing one flagship city permit can begin a fatal spiral.”