The number of micromobility vehicles available worldwide will reach 37.8m by 2029, up from 27.6m in 2024, according to Berg Insight.

Micromobility services are defined as shared mobility services that offer short-term rentals of light vehicles such as bikes, scooters or similar. The micromobility market has been characterised by a high pace of mergers and acquisitions and several shutdowns of services during the past few years.

“The market continues to consolidate but has reached a more mature stage,” said Erica Rickard, IoT analyst at Berg Insight.

Several micromobility operators partner with each other and other actors to expand their coverage and offerings. An increasing number of micromobility operators have introduced additional vehicle types to offer a multi-modal fleet.

“Rather than focusing on a single vehicle type, many operators provide a mix of bikes, stand-up scooters, sit-down scooters or cars”, said Rickard.

Bike-sharing is a decentralised bicycle rental service, usually focusing on short-term rentals. Traditionally, most bike-sharing operators have used station-based operational models. This requires members to pick up and return the vehicle at any designated station within a city. In North America, station-based bike sharing is the most popular operational model.

Another model that is gaining popularity is free-floating services, which enable members to pick up and drop off dockless vehicles anywhere within a designated area. In Europe, there are now more free-floating bikes than station-based ones.

The total number of shared bikes worldwide reached an estimated 25.7 million vehicles at the end of 2024, of which a large majority are free-floating bikes in China. Prominent bike-sharing operators include Hellobike, Didi Qingju, Meituan Bike, Nextbike, Hello Cycling, Docomo Cycle, Anywheel, Lime, Bolt, Dott, JCDecaux, RideMovi and Donkey Republic.

The stand-up scooter-sharing market has grown rapidly since its inception in 2017. At the end of 2024, the number of shared stand-up scooters reached an estimated 1.8 million vehicles. Leading stand-up scooter operators include Dott, Bolt, Voi and Lime in Europe and Third Lane Mobility (Bird and Spin) and Lime in North America. Examples of leading operators in other markets include Whoosh, Swing Mobility, Beam Mobility and BinBin.

The regulatory environment surrounding stand-up electric scooters is complex and varies between regions, countries, states and cities. Today, many cities limit the number of stand-up scooters allowed on the streets through mandatory operator licences. The cities can both restrict the number of operators allowed in the cities, but also the number of vehicles each operator is allowed to deploy.

The sit-down scooter-sharing market has not been regulated to the same degree. At the end of 2024, the number of shared sit-down scooters in shared mobility schemes globally reached an estimated 147,000 vehicles. Leading sit-down scooter-sharing operators include Cooltra and Check in Europe, Yulu in India, Marti Technologies in Turkey, and WeMo and GoShare in Taiwan.

Telematics has been a key element since the inception of shared micromobility services. Several bike-sharing technology vendors provide complete offerings including telematics hardware, user identification, bike locks, station infrastructure, user applications and fleet management platforms. Companies specialising in end-to-end bike-sharing technology include Lyft Urban and Nextbike. Examples of micromobility telematics players include Omni Intelligent Technology, Jimi IoT, Connected Cycle, Queclink and Teltonika Telematics.

Vehicle manufacturers now equip shared scooters and bikes with factory-installed telematics systems as standard. Several micromobility operators also design and develop IoT offerings in-house. Micromobility software providers include Atom Mobility, MOQO, Wunder Mobility and CT Mobility.

Shared mobility software platforms comprise complete systems that can support all the operational activities of a micromobility operation including management of in-vehicle equipment, fleet management, booking management and billing, as well as operations supervision via dashboards and data analytics. Qucit and Urban Sharing are examples of optimisation software providers for shared micromobility systems.

“Automation and coordination of operational tasks such as fleet rebalancing, battery swapping and vehicle maintenance are crucial as micromobility operators focus on profitability and operational efficiency,” said Rickard. “Several micromobility operators have applied AI-powered optimisation software to enhance vehicle availability and reduce costs.”

To download the report brochure, go to media.berginsight.com/2025/10/14124140/bi-micromobilitytelematics4-ps.pdf.