micromobility.com Inc. Exits Unprofitable US and European Markets to Refocus on Financial Self-Sustainability
Company Refocusing Efforts for Financial Self-Sustainability, Exiting Select Markets, Streamlining Business Model, Concentrating on Promising Markets

Visit www.micromobility.com
As part of this initiative, the Company will exit unprofitable cities in
"We are actively and purposefully strengthening our financial position and securing our path for the future," said Salvatore Palella, CEO of micromobility.com Inc., "Through a careful evaluation of regulatory landscapes in different markets, we have identified the need to focus our resources where the potential for a self-sustaining micro-mobility industry is most promising. This strategic move enables us to reallocate investments to markets that offer a clear path to financial viability. Although this decision may temporarily impact customers and stakeholders, it reflects our deliberate choice to prioritize sustainability and efficiency. By aligning our operations with markets that offer the greatest potential for self-sustainability, we aim to strengthen our position as a leader in the micro-mobility industry and provide enhanced services to our customers."
Sam Ehsani, Head of Operations in
About micromobility.com Inc.
mmicromobility.com Inc., a disruptive leader in the micromobility sector, founded by Salvatore Palella in 2015, combines expertise in retail, shared services, and vehicle rentals to revolutionize urban transportation. With operations spanning across the US and
View source version on businesswire.com: https://www.businesswire.com/news/home/20230613945081/en/
For media inquiries:
press@micromobility.com
For investor inquiries:
Gary Dvorchak, CFA
The Blueshirt Group
gary@blueshirtgroup.com
+1 (323) 240-5796
Source: micromobility.com Inc.