Many expected the ridesharing sector to struggle during the COVID-19 pandemic. Instead, investors are finding that some companies have actually thrived.
In the micro-mobility space specifically, one company's unique business model has allowed it to see business increase. Where some of the biggest operators of e-bikes, e-scooters, and pedal bikes have reduced their business during the pandemic and saw difficulties operating,
Last Mile Holdings Ltd. (
TSX-V:MILE,
OTC:AZNVF,
Forum) has managed to see growth and success.
But the biggest shake-up of the pandemic has been the renewed interest in ridesharing and micro-mobility. As cities and countries start to open up economies but continue to maintain social distancing, more and more consumers are expected to look to ridesharing as a substitute for transit.
How has Last Mile managed its success during difficult times? The Company's CEO Max Smith recently spoke with Stockhouse Media to highlight how Last Mile saw business increase despite the pandemic, and how the Company is in prime position for further growth.
FULL DISCLOSURE: This is a paid podcast produced by Stockhouse Publishing.