Turnover: 21.9 million EUR (2019)

Country: France

The first self-service electric scooter rental service available in Pairs, Nice, Bordeaux, Milan and Turin

News

Cityscoot, specialist in self-service scooters, placed in receivership 21/11/2023

  • Cityscoot is present in France and Italy, in the cities of Paris, Milan and Turin.
  • Cityscoot employs 168 people in France. Cityscoot has 2,500 vehicles in Paris.
  • The company has 250,000 active users
  • The company has been operating in Milan since 2019 and in Turin since 2022.
  • In July, the company won a tender from the city of Paris to operate in the capital for the next five years.

The future looks very bleak for Cityscoot 09/11/2023

  • Cityscoot has declared itself in suspension of payments and placed itself under the protection of the commercial court.
  • The company employs 168 people in France.
  • Cityscoot won the tender launched by the City of Paris for the next five years.
  • There are 2,500 Cityscoot scooters in the capital.
  • The company had previously raised around 80 million euros to finance its growth.
  • Cityscoot has 250,000 active users and more than 18 million rides since its inception in 2014.
  • The company also operates in Paris, in 17 other cities in the inner suburbs, as well as in Milan since 2019 and in Turin since 2022.

Cityscoot tries to get back on track | Cityscoot relaunches itself 10/07/2023

  • Cooltra and Yego, two Spanish operators, have been chosen by Paris City Hall to operate self-service scooters for five years.
  • Each operator will be able to manage 2,500 scooters from October, rising to 3,000 by 2026.
  • Cityscoot, the third winner, generates 80% of its revenues in Paris.
  • It also has a presence in Milan (1,000 scooters) and Turin (300 scooters).
  • In 2019, Cityscoot achieved sales of €21.9 million but lost €12.6 million.
  • In 2022, Cooltra generated sales of 47 million euros and Ebitda of 5.2 million euros.
  • In 2022, Yego generated sales of 11.5 million euros and Ebitda of 238,000 euros.
  • The original number of Cityscoot scooters in Paris is 2,500.
  • The average number of rentals per machine is four to five per day for Cityscoot.
  • Cityscoot's main shareholders, RATP and Banque des Territoires, have carried out a capital increase in September 2022
  • Cityscoot plans to renew its fleet of scooters, which are almost seven years old, by early 2024.

Paris selects three self-service electric scooter operators 30/06/2023

  • Three operators have been selected to regulate the self-service electric scooter market in Paris: Cityscoot , Yego and Cooltra.
  • Deployment by these operators will begin on October 2, 2023, and may ramp up to 7,500 vehicles during the first two years.
  • It can then reach up to 9,000 vehicles from 2026 until the end of the contract in 2028 (an average of 3,000 scooters per operator).
  • Each operator will pay a fixed annual fee of 67 euros per scooter, plus a variable portion based on sales.
  • Paris City Hall expects to generate revenues of around 920,000 euros in 2024 from the deployment of these three operators.
  • Cooltra becomes the European leader with a presence in 9 major European cities