Will 100% of my fleet be rented out all of the time?
No. You will never see 100% of your fleet rented out. This is due to battery life, weather, seasonality and other reasons. Also, please note that most people will ride scooters from 8 am till 12 am, with peak times around 6-7 pm.
Will any thefts, breaks beyond repair occur and if so, what percentage of my fleet do I expect to lose?
From our experience operating in Florida, California, Texas, Georgia and Hawaii, we have seen anywhere between 10% to 30% of the fleet be lost. This happens due to a number of reasons, but primarily due to theft, vandalism and mechanical issues at times. Go X provides ways for you to mitigate this risk; see the agreement for details
Will scooters be rented out 100% of the time?
No. Scooters need to be recharged and fixed by our ops team at times.
What happens if the city or state changes scooter laws?
Go X invests heavily in legal and operational capabilities in various jurisdictions with a primary goal of always being a legal operator. However, in reality scooter laws can change. We don’t expect this to happen anytime soon, but in case it does happen, then we will redeploy your fleet in one of Go X’s other markets. Go X will cover the moving costs.
What other risk factors can occur in renting out scooters?
There can be seasonality issues – weather, hurricanes and other natural issues
What happens if my scooters become unrentable in a particular market?
Go X will always look out for your best interest and in rare circumstances will return the sum equivalent to your original purchase if the scooters in a market become no longer rentable
Why are expected returns different in different regions
The usage of scooters varies by season and market significantly. These days are derived based on usage that we have seen in these markets.
