#scotters

Source: https://digital.lib.uiowa.edu/islandora/object/ui%3Awpe_2175

@idontcareifyoulovemenot  Butters/Scott

Butters: *suddenly leaps out of his chair and starts yelling while trying to take the cup of soda away* waitwaITWAITWAIT YOU’RE DIABETIC YOU’RE DIABETIC YOU’RE DIABETIC! YOU. ARE. A. DIABETIC!!

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Last Mile Holdings Ltd. (TSXV: OJO) has completed the purchase of South Carolina-based electric scooter company Gotcha Mobility. The firm was previously called OjO Electric Corp., but it has changed its name to Last Mile in connection with this acquisition. As of Monday, March 9, it will trade under a new ticker, MILE, on the TSXV. “With the acquisition of Gotcha, MILE now has the broadest product profile in the micro-mobility space, featuring a pedal bike, e-bike, standup scooter, seated scooter, and trike,” said chief executive Max Smith. The deal was first announced in November 2019. A definitive agreement was signed by both parties in January, and the deal has now been finalized. Last Mile paid US$6 million in cash and issued 11,637,500 limited voting shares to shareholders of Gotcha Media Holdings, LLC in order to acquire all outstanding securities. It also agreed to issue US$2.5 million in limited voting shares to the vendor if certain targets are met over the next six months. Of the $6 million in cash, $250,000 was paid on the closing of the acquisition, $750,000 was paid through the issuance of a deferred promissory note due on the six-month anniversary of closing, and $5 million was paid through the issuance of a second deferred promissory note due on the second anniversary of Closing. In connection with the acquisition of Gotcha, Last Mile completed a concurrent non-brokered private placement of 20,790,966 units at a price of C$0.40 per unit, for gross proceeds of C$8,316,386.40. Gotcha launched in Charleston 11 years ago. It started with electric rideshare vehicles and pedal bikes, and then expanded into e-bikes, e-scooters, and e-trikes, focusing on university campuses and small to mid-size municipalities. Gotchas has secured roughly 20,000 permits, 80% of which are exclusive. The combined entity will become the third largest micro-mobility company in North America, behind only Lime and Bird, according to Last Mile. In an earlier interview with Smith, we discussed OjO’s differentiated approach to the market. It focuses on solid scooter economics as opposed to “blitzscaling”. In a time when investors are tired of unprofitable startups, we see this as a smart decision. The sector has seen significant consolidation in recent months, and Last Mile believes it is now in a strong position to compete with the likes of Lime and Bird. It hopes to cover 80 different locations and own fully contracted permits to deploy a total fleet of 16,000 mobility units by year-end 2020 and 27,000 mobility units by year-end 2021. Read the full article

Mods on Scooters in London (1979)

Llegaron las @grinscooters por la zona. Habrá que probarlas 🏁 #scotters #mexico🇲🇽 (at Polanco, Mexico City) https://www.instagram.com/p/BnoXZkrlBC9/?utm_source=ig_tumblr_share&igshid=1bj98mrvtrjdh