Passport raises $65 million for mobility data platform

Passport, a mobility management platform, just raised a $65 million Series D round from Rho Capital Partners, H.I.G. Growth Partners and ThornTree Capital Partners. This round brings its total funding to $125 million. The plan is to use the funding to further invest in Passport’s mobility software platform and expand into digital parking payments. In…

Lyft is ceasing scooter operations in six cities and laying off 20 employees

In an industry where unit economics and rider utilization are key to running a profitable business, perhaps it’s better to cut your losses early on. Lyft notified employees today that it’s pulling its scooters from six markets: Nashville, San Antonio, Atlanta, the Phoenix area, Dallas and Columbus. “We’re choosing to focus on the markets where…

Swiftmile will become the ‘gas station’ for electric bikes and scooters in Austin

Anyone who has tried to ride an electric scooter knows the likelihood of finding one with a charged battery is quite low. Swiftmile, which just landed a contract with the city of Austin, supplies cities and private operators with docks equipped to park and charge both scooters and e-bikes. What Swiftmile offers serves as a…