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DC renews permits for most e-scooter companies

The D.C. Department of Transportation has renewed permits for four companies to continue operating shared e-scooters and shared e-bikes through the end of 2024.

The four companies are Lime, Lyft, Spin and VeoRide. Lyft operates e-scooters only. The others have fleets of both e-scooters and e-bikes.



The four companies own a total of almost 8,500 e-scooters and more than 3,700 e-bikes.

VeoRide is relatively new to the city. Its e-bikes have throttle-assist.

DDOT did not renew a permit for Bird Rides dockless e-scooters. Bird has filed an appeal of the decision in D.C. Superior Court.

DDOT has permitted private companies to operate shared “micromobility vehicles,” such as e-bikes and scooters, in public space since 2018. It works with permitted operators to ensure that shared scooters and bikes are distributed across all 8 Wards.

Data shows an average of 8,300 trips are taken by riders per day, traveling more than 10,000 miles per day.

The Shared Fleet Device program is separate from Capital Bikeshare, which is managed by DDOT.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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