Unlike Competitors, Company Sees Growth in a
Time of Change
CHARLESTON, SC, May 7, 2020 /CNW/ - Gotcha Mobility, LLC
("Gotcha"), a subsidiary of Last Mile Holdings Ltd.
("MILE") (TSXV: MILE; OTC: AZNVF), announced today
they are seeing a substantial increase in ridership in the last
four months, maximizing staff retention in local markets. Gotcha's
partnership-first approach in mostly exclusive markets has helped
lay a strong foundation to build prosperous mobility systems in a
time of change.
While other micromobility providers have ceased operations and
made layoffs during COVID-19, Gotcha has experienced growth. In the
last 4 months, Gotcha launched e-mobility systems in the
City of Atlanta (Gotcha TO GO),
City of Dallas (multi-modal),
City of Durham (scooter share),
City of East Lansing (scooter share), University of Georgia (bike share), and
University of North Carolina at
Charlotte (scooter share). The company placed an order to
manufacture more e-bikes and e-scooters for several scheduled
launches in the remainder of the year.
In existing e-mobility markets like Baton Rouge, LA; Charleston, SC; and Mobile, AL there's been a surge of ridership
representing Gotcha's various products – e-bikes, e-scooters, and
pedal bikes.
- 3,767% increase in revenue per day, 1,051% increase in trips
per day, 117% increase in minutes per trip, 1,314% increase in
weekly active riders, and 694% increase in trips per device per day
in Baton Rouge from February 1 to May 5.
- 784% increase in revenue per day, 216% increase in trips per
day, and 216% increase in trips per device per day in Charleston from February 1 to May 5.
- 258% increase in revenue per day, 185% increase in trips per
day, 12% increase in minutes per trip, 196% increase in weekly
active riders, and 211% increase in trips per device per day in
Mobile since April.
Gotcha riders are looking to micromobility more than ever as a
primary form of transportation. Remaining open provides essential
employees like healthcare workers and grocery store employees a
safe, affordable way to get to work. Gotcha data also shows riders
are taking longer leisure trips, using shared bikes and scooters as
a way to get outside while adhering to social distancing
guidelines. As a result, many systems have seen steep increases in
ridership among new and existing riders, as well as revenue.
"The increase in ridership over the last four months has proven
micro transit – when executed correctly – it's a critical resource
for communities," said Sean Flood,
Chief Executive Officer of Gotcha. "Unlike our competitors,
encouraging deployment during COVID-19 was an easy decision for us
after we implemented a cleaning procedure and ensured staff and
riders would be safe. It has proven to be successful with positive
system health statistics and retention of existing employees. We're
excited to see how people continue to embrace micromobility as part
of their daily lives—both now and after this crisis has
passed."
As states begin to ease stay-at-home orders, commuters are
adopting micromobility products as a safer alternative to
traditional shared transportation options. People are now more
reluctant to choose public transit or rideshare to avoid
confided spaces with other passengers and drivers.
Gotcha has also expanded into delivery. Gotcha TO GO offers
local merchants and drivers e-mobility products to facilitate
deliveries. The cost is $15 per
vehicle each day, making the program an affordable alternative and
aligns with Gotcha's mission to reduce trips by single occupancy
vehicles. If you are a local business or delivery driver interested
in Gotcha's vehicles for delivery, visit ridegotcha.com/togo.
For more information on Gotcha, visit ridegotcha.com.
ABOUT GOTCHA
Gotcha, a subsidiary of Last Mile
Holdings, is shared electric mobility company dedicated to
providing innovative products and technologies that get people out
of single-occupancy cars and safely onto efficient, sustainable
micro-transit products. The company operates e-bikes, e-scooters,
and e-trikes as transportation solutions tailored to cities and
universities across the US. Gotcha empowers communities to lead
happier, more productive lives through the transformative power of
affordable, accessible micro-transit. For more information, visit
ridegotcha.com.
Follow us on social:
Instagram: @RideGotcha
Facebook: @RideGotcha
ABOUT LAST MILE HOLDINGS
Last Mile
Holdings (TSXV: MILE), formerly OjO Electric, is one of the largest
micro-mobility companies in the U.S., offering the broadest product
suite in the industry. Last Mile currently operates 35 college and
45 municipal shared mobility systems under the OjO and Gotcha
brands. The acquisition of Gotcha in the first quarter of 2020
provides an expansive growth pipeline and a portfolio of products
including e-bikes, e-scooters, e-trikes, and electric seated
scooters. For more information, visit lastmile-holdings.com.
Cautionary Statement Regarding Forward-Looking
Information
This news release includes certain
"forward-looking statements" and "forward-looking information"
under applicable Canadian securities legislation that are not
historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements with respect to: OjO and OjO's business
and prospects and the Company's objectives, goals or future plans,
including the planned deployment of its mobility units; and the
business, operations, and management of the Company.
Forward-looking statements are necessarily based on a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors
which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include, but are not limited to: the
ability of OjO to meet its deployment targets, access to sufficient
mobility units, meeting the requirement of the permits granted to
OjO, general business, economic and social uncertainties;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; delay or
failure to receive board, shareholder or regulatory approvals;
those additional risks set out in the Company's public documents
filed on SEDAR at www.sedar.com; and other discussed in this news
release. Accordingly, the forward-looking statements discussed in
this release, may not occur and could differ materially as a result
of these known and unknown risk factors and uncertainties affecting
the companies. Although the Company believes that the assumptions
and factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Reader Advisory
Neither the TSX-V nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility of the adequacy or accuracy of this
release.
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SOURCE Gotcha Mobility
