“It seems like investing in Uber when it first launched.”
That’s what one investor mentioned of the recent new Santa Monica, Calif.-based startup, Chicken — an electrical scooter firm that’s now within the means of elevating as a lot as $100 million on a $300 million valuation, in keeping with a number of folks with information of the corporate’s plans.
Chicken, which has grow to be a phenomenon within the Los Angeles neighborhoods the place it’s out there, shares rather a lot with America’s most useful ride-hailing and logistics firm.
The corporate was based by a former Uber (and Lyft) government, Travis VanderZanden, who (like his namesake) isn’t any stranger to controversy. Lyft sued him for allegedly breaking a confidentiality settlement when Uber employed him and the 2 sides later settling for undisclosed phrases.
Like Uber, Chicken has additionally rolled out its providers with little regard for the laws imposed by the neighborhoods during which it operates. When TechCrunch first reported on the corporate’s $15 million increase lower than a month in the past, we famous that the corporate had surreptitiously put 1,000 of its electrical scooters on the road — to the delight of the 50,000 individuals who have taken 250,000 rides on them, and disregarding many legal guidelines put in place by the town of Santa Monica.
As a Washington Post article notes, the Santa Monica Police Division has made 281 site visitors stops and issued 97 tickets because the starting of the yr and late February — and the coastal, Los Angeles-adjacent, metropolis’s fireplace division has responded to eight accidents involving Chicken’s scooters — seeing accidents to each minors and adults.
Riders of motorized scooters have to be a minimum of 16 years previous, licensed drivers, sporting a helmet and never using the scooters on sidewalks beneath California regulation — all issues that Chicken has no management over.
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