By Walt Hickey Have a great weekend. Also, I’m starting a book club! It’s an experiment, but it should be fun. Totally free, we’ll see if it works, readers vote on the books and there’s a weekly discussion thread. Check it out. Crash In the current quarter, micromobility companies — the ones that dump piles of rentable scooters and bikes onto random metropolises and let the city councils hash out the details — have raised $795 million from investors across seven deals, a total of $1.3 billion so far this year across 33 deals. That’s a slowing pace compared to 2018, when over the first three quarters such companies hauled in $4.8 billion in funding over the course of 48 deals. Maybe the market's crowded, maybe investors are cooling off on the model, or maybe it just takes more than a year to burn through five billion dollars. The real interesting stuff is going on in the macromobility space, like fixing the subway.
I liked the fact that this column had two alternative energy stories!