Millennials have been a pivotal force in the resurgence in America’s urban areas. According to a Journal of Regional Science study, they are 21% more likely to buy homes near city centers than Gen Xers. This is positive news for urban markets; however, as congestion in cities rises due to growing populations, so does the strain on existing transportation systems.
To solve this issue there has been an increase in the number of micromobility start-ups — including ride-hailing platforms like Uber and Lyft, bike-share programs like New York City’s Citi Bike, and electric-scooter rental services like Bird, Lime, and others.
Micromobility refers to short-distance transport, [...]