Equity, Accessibility and Cities

Yashad Kulkarni27min

Speaker 1

00:00

All right, we're about halfway through today. Just a reminder, you can find all of these videos over at Extra Crunch. And next up, we've talked a lot about the possibilities of micro mobility. And we've seen it in action in cities like San Francisco, soon to be New York, Paris and London. But how do we ensure mobility remains accessible and equitable? While making a profit? We're gonna bring three people together to have this hopefully spicy conversation, community organizer, transportation consultant and lawyer to Miguel Butler remix by via co founder and CEO Tiffany Chu. And finally, revel co founder and CEO Frank rag, just a reminder, you can ask questions, and you can find the q&a button on the right hand side of your screen. Alright, and our moderator today is Rebecca Belen. Rebecca, take it away.

Speaker 2

01:08

Thank you, Kirsten. Hey, Tamika, Tiffany. Frank, nice to see you all again. So today, we're talking about whether or not mobility can be equitable and accessible while still remaining profitable. Our panelists cover a range of mobility sectors, but to jump right in, there's only one person that I can really ask about profitability. So Frank, rebels been around since 2018. Tell us are you profitable yet?

Speaker 3

01:38

Rebecca, that's having me here I've What I can say is for you know, three months in the summer of 2020, we were a whole company profitable. So beyond just market profitability beyond just the economics, talking the whole company, including my salary, and everything else that's involved in running a company. So that's what I can say.

Speaker 2

01:59

Now, is that including sees that all company profitable. So that's including different revenue lines that you have.

Speaker 3

02:07

At that point, in 2020, you were strictly in electric moped platform. You know, I think some of the people may be locked into this webcast know that in 2021, we've also now launched a bike subscription service in New York City, our fast charging, actually the largest fast charging station for four wheelers in the Americas goes live this month, right here in New York City in downtown Brooklyn. We also have our own electrical employee rideshare service, watching your cities really, as well. So obviously, the platform has been extended in 2021.

Speaker 2

02:38

I know, we've been talking about this a little more later. But I know you've talked to me about your access program, which allows what was 50% off rides for people on public assistance, as well as you had free rides, I think for healthcare workers, about how many full price customers do you need to maintain profitability?

Processing audio...