May 2026
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Largest Micromobility Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
VinFast, Lyft, Ninebot, Aima Technology Group and PIERER Mobility.
 | VinFast Auto Ltd manufactures cars, and motor vehicles, renders leasing activities, trades smartphones, and related businesses. The company is engaged in designing and manufacturing premium EVs, e-scooters, and e-buses. The company's initial EV product line is an all-new range of fully electric A- through E-segment SUVs. The Company has three reportable segments, namely Car, E-scooter and Ebus. The Car segment includes the design, development, manufacturing and sales of cars and related battery lease and battery charging services for cars. The E-scooter segment includes the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging service for e-scooters. The Ebus segment includes the design, development, manufacturing and sales of Ebus. | $4 | +11% | $8B | $13B | 3.6x | (5.6x) | ||
 | Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013 and public since 2019, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft has entered the bike- and scooter-share market to bring multimodal transportation options to users. | $13 | -10% | $5B | $5B | 0.7x | 8.8x | ||
 | Ninebot Ltd is engaged in the research and development, design, manufacturing, distribution and sales of short-distance transportation products. The products offered by the company include electric balance bikes and electric scooters for short distance commuting. | $6 | -39% | $4B | $3B | 0.9x | 8.2x | ||
| Aima Technology Group Co Ltd is engaged in the research and development, production, and sales of electric bicycles, electric mopeds, and electric motorcycles. | $3 | -41% | $3B | $2B | 0.6x | 4.8x | ||
 | PIERER Mobility AG is an automotive niche player that includes brands KTM, Husqvarna, GASGAS. The reportable segments of the company are; Motorcycles, Bicycles, and Others. The Motorcycles segment which generates the majority of the revenue, comprises the development, production and distribution of motorcycles under the KTM, Husqvarna Motorcycles, and GASGAS brands as well as components of the WP brand. The Bicycles segment's focus is on developing, manufacturing and trading e-bicycles and bicycles under Husqvarna E-Bicycles, GASGAS Bicycles. Geographically, key revenue for the company is derived from Europe (without Austria), and the rest from North America and Mexico, Austria, and other regions. | $95 | -- | $2B | — | — | — | ||
| Youon Technology Co Ltd is an international supplier and operator of urban green transportation systems. The company develops, manufactures, and sells public bicycle systems and public bicycle system information technology services. The company, through its IoT technology, provide comprehensive and three-dimensional green transportation services for the city. It is mainly specialized in public bicycles, public bicycle rental, public bicycle system, public bicycle rental system, public bicycle intelligent control system, and urban public bicycles. Geographically, the company generates the majority of its revenue from the Domestic market. | $3 | +24% | $917M | $482M | 8.0x | (30.0x) | ||
 | Piaggio & C. SpA is an Italian manufacturer of motor vehicles and also offers spare parts and related accessories. The group's product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and other brands, as well as three- and four-wheeler light vehicles, marketed under the Piaggio, Ape, and Porter brands. Maximum revenue is generated from the sale of its two-wheeler vehicles. Its geographical segments are EMEA and Americas, India, and Asia Pacific, with each segment having its production sites and a sales network dedicated to customers in that geographic segment. The group's key revenue is derived from the EMEA and Americas segment, which deals with the distribution and sale of two-wheeler and commercial vehicles. | $2 | -6% | $697M | $1B | 0.8x | 4.8x | ||
| Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets. | $1 | -22% | $586M | $537M | 1.7x | 16.8x | ||
 | Bin Ulasim ve Akilli Sehir Teknolojileri AS is a technology company. The Company is engaged in developing, implementing, and operating all kinds of smart city technologies, applications, and solutions for transportation. The company also purchases, sells, rents, and operates electric, non-electric, bicycle, motorcycle, scooter, and other vehicles. The Group has a business model that generates high-added value based on new technology by supporting green energy and digital transformation and derives a large portion of its sales from scooter rental revenues. | $4 | -35% | $421M | $416M | 35.0x | (110.3x) | ||
| LiveWire Group Inc is an all-electric vehicle company. It sells electric vehicles and related parts and accessories and apparel in the United States and certain international markets. The company's segment includes Electric Motorcycles and STACYC. Electric Motorcycles segment sells electric motorcycles, related parts and accessories and apparel in the United States and certain international markets; STACYC segment sells electric balance bikes for kids, related parts and accessories and apparel in the United States and certain international markets. LiveWire generates revenue from the sale of electric motorcycles, Parts, accessories and apparel. Majority of revenue is from USA. | $1 | -68% | $291M | $298M | 11.6x | (4.6x) | ||
| Marti Technologies Inc is a mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti’s offerings are serviced by proprietary software systems and IoT infrastructure. | $2 | -34% | $170M | $249M | 6.3x | (20.6x) | ||
 | Gogoro Inc is focused on eliminating the barriers to electric fuel adoption to bring swappable electric power within reach of every urban rider. Its battery swapping technology compromises an interoperable platform that seamlessly integrates a comprehensive ecosystem of hardware, software, and services, which consists of Gogoro Smart Batteries, GoStations, Gogoro Network Software & Battery Management Systems, Smartscooter, and related components and kits. Geographical presence in Taiwan and Other countries, majority of its revenue comes from Tiwan. | $4 | -18% | $81M | $399M | 1.4x | 6.7x | ||
| Lobo Technologies Ltd, formerly known as Lobo EV Technologies Ltd, is an electric vehicle manufacturer and seller company. It designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles such as golf carts and mobility scooters for the elderly and disabled persons, also provides automobile information and entertainment software development and design services to customers. The company operates in two operating segments: the Electric vehicles and accessories sales segment, which generates key revenue, and the software royalties and development and design services segment. It generates all of its revenue within the People's Republic of China. | $1 | -9% | $9M | $12M | 0.5x | (4.9x) | ||
| Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. It also provides connectivity solutions and value-added services to their customers. | $2 | -96% | $3M | $14M | 0.5x | 11.2x | ||
| Median | $3 | -22% | $642M | $482M | 1.4x | 4.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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