Skip (transportation company) explained

Skip
Former Name:Waybots, Inc.
Company Type:Private
Industry:Scooter sharing
Location:San Francisco, California, U.S.
Founders:Matt Tran, Mike Wadhera, Sanjay Dastoor
Areas Served:Washington, D.C., Austin, TX, San Diego, CA, San Francisco, CA, Arlington, VA, Alexandria, VA

Skip (est. in 2017) was a San Francisco-based company which provided a scooter-sharing system in several American cities. The company was founded by Matt Tran, Mike Wadhera, and Sanjay Dastoor during Y Combinator's winter 2018 class.[1] Skip differentiated itself from competitors by making sturdier scooters with larger batteries, offering instructional classes, and working with cities before rolling out.[2] It was acquired by Helbiz in 2020 and filed for Chapter 7 bankruptcy in August 2021.[3] [4]

History

Skip was founded as Waybots in winter 2017 by the creators of Boosted Board, as higher-end competitor to other scooter-sharing systems.[5]

In May 2018, Skip raised a $6M seed round of funding. In June 2018, the company raised an additional $25M in its Series A round.[6]

In December, 2020, Skip was acquired by competitor Helbiz.[7] [8]

Areas served

In February 2018, then Waybots launched in its first city, Washington, D.C., as part of a pilot program.[9]

At the end of August 2018, the city of San Francisco gave Skip and Scoot permission to operate dockless scooters in the city.[10] In an email sent out October 15, 2019 to its members, Skip announced that their scooters "will no longer be rentable as part of SFMTA’s Powered Scooter Share Program for 2019-2020" effective immediately, because the scooter batteries had a tendency to catch on fire. Skip has reportedly requested an appeal of SFMTA's decision, in order to continue operations in San Francisco.[11]

Between June and July 2019, Skip launched in San Diego, CA and Austin, TX.[12] [13]

The company filed for Chapter 7 bankruptcy (dissolution) in 2021.[14]

Notes and References

  1. Web site: YC Companies. Y Combinator. September 2, 2018.
  2. Web site: Boosted Boards founders launch heavy-duty scooter renter Skip. Constine. Josh. TechCrunch. May 17, 2018. September 22, 2019.
  3. Web site: Squires. Camille. A scooter pioneer has just filed for bankruptcy. 2021-12-12. Quartz. en.
  4. Web site: SFGATE. Madeline Wells. 2021-08-06. San Francisco e-scooter company files for bankruptcy. 2021-12-12. SFGATE. en-US.
  5. Web site: Backyard Genius 2013: 8 Unusual, Unconventional, Awesome Inventions. Green. Amanda. Popular Mechanics. September 3, 2013. September 22, 2019.
  6. News: Scooter Mania Continues as ‘Skip’ Nabs $25 Million, ‘Bird’ Goes to China. Efrati. Amir. 12 June 2018. The Information. 2 September 2018. Weinberg. Cory. Zhang. Yunan.
  7. News: Skip to get acquired, marks further consolidation in e-scooter industry . 4 December 2020 . San Francisco Business Times . 3 December 2020.
  8. News: Skip involvement in Helbiz fraud . 3 December 2020.
  9. News: Waybots’s scooter-sharing service arrives in D.C.. Goldchain. Michelle. 28 February 2018. Curbed DC. 2 September 2018. Vox Media.
  10. News: Skip CEO: We Do Scooters Without 'Controversy and Complaints'. Versano. Carlo. 31 August 2018. Cheddar. 2 September 2018. Corba. Jacqueline. Webb. Bridgette.
  11. Web site: Uber, Spin, and Lime scooters are now legal in San Francisco, but Skip is out. Hawkins. Andrew J.. 2019-10-15. The Verge. en. 2019-10-16.
  12. News: Skip Adding Its Scooters to San Diego’s Dockless Sharing Market. Jennewein. Chris. 1 July 2019. Times of San Diego. 12 August 2019.
  13. News: 500 new e-scooters will hit Austin streets. 12 August 2019. Widner. Cindy. Curbed. 24 June 2019.
  14. Web site: SFGATE. Madeline Wells. 2021-08-06. San Francisco e-scooter company files for bankruptcy. 2021-12-12. SFGATE. en-US.