Loopshare Takes A Bite of Booming Ride-Sharing and

Loopshare Takes A Bite of Booming Ride-Sharing and Mobile-Mobility Industry
LoopShare Ltd. (TSX-V: LOOP) (OTCQB: LPPPF) is a growing Canadian tech company looking to take a big bite out of the booming micro-mobility industry. LOOP develops and deploys electric scooters in major cities in Canada, United States, Lebanon and Japan. Through the LOOPShares app which is available on Apple’s App store and Google’s Play store, users are able to rent an electric scooter to get around in the big city! The electric scooter by LOOP is designed to provide riders a low cost and efficient means to travel around the city and can travel up to 55km/h and users can travel up to 50 km around the city on one single charge!
In March 2019, LOOPShare acquired the “Scoot-E” brand from famed celebrity and successful tech-entrepreneur Ray J of Raytroniks. Celebrity Ray J is the largest shareholder of LOOPShare Ltd. as the celebrity owns approximately 1.82 million class A common shares of LOOP. Popular icons like Snoop Dog, Sean “Diddy” Combs, Justin Bieber and Chris Brown have all been spotting supporting the Scoot-E and Ray J will be active as the brand and the company’s main brand ambassador.
On January 23rd, LOOPShare announced that it received 220 scooters in Vancouver and are currently being prepared for ride-sharing operations by LOOPShare Ltd. LOOP has shipped 110 electric scooters to its subsidiary Loop SAL to be operated in Beirut Lebanon and the company expects to receive another 109 electric scooters at its headquarters in Vancouver in the coming month. The CEO of LOOPShare Mr. Matthew Clayton stated “I am excited that almost of all the initial fleet of electric scooters has been received in Vancouver or by our zone operator in Lebanon. The LOOPShare service provides an eco-friendly sustainable way to move goods and people and 2020 will be the year where the service is finally launched on a commercial level.” It is interesting to note that the CEO stated that it is a sustainable way to move goods and people, with the added emphasis on goods. We think the next move for LOOPcould be in the delivery of products such as pharmaceuticals, food delivery like UberEats or SkipTheDishes and even in the delivery of cannabis in Canada. The delivery of goods is a great way to increase its corporate revenues and diversify its offerings to the public.
According to a report from Grand View Research this month, the E-Scooters market size is expected to reach a whopping USD $41.98 billion by 2030 at a CAGR of 7.7%. The growth is attributed to the younger demographic, the increase in purchasing power within the middle-class in developing nations and the rapid urbanization is expected to drive growth to this industry over the next decade. Interestingly in the report it states that China accounted for over 84% of the revenue in the Asia Pacific and even more interesting is that Asian and European countries offer subsidies to help sales and shift consumers to battery-powered two-wheelers. With this increased adoption and an appreciation of electric vehicles, North America is also considered an important market and is on track for big growth in the coming decade.
On February 4th, LOOP announced that the company has launched an e-commerce website to begin sales of the Scoot-E-Bike® where customers across Canada and the United States are able to purchase the original folding scooter. The CEO of LOOPShare Matthew Clayton stated: “Launching direct to consumer sales of the Scoot-E-Bike is a significant milestone for the Company and our revenue projections. People simply love this product, and there have been significant inquiries about its availability for sale”. The Scoot-E-Bike was originally created by tech-entrepreneur and celebrity Ray J. LOOP acquired RAY J’s company back in March 2019. With the availability of the electric scooter which is bike lane friendly in North America, sales could do very well as the spring season approaches in Canada and the US coupled with active promotion from RAY J on social platform about the launch of the Scoot-E-Bike could very well help drive sales.

With revenues set to take place in the coming months from sales on its new e-commerce site, expansion into new markets and new segments such as delivery, a small share structure and the backing of tech entrepreneur and celebrity RAY J, LOOPShare Ltd. might be a stock investors will want to keep their eye on as the company gains traction in the coming months.
Forward Looking Statements: This article may contain "forward-looking information" (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections as of the date of the content is published on this website. Wherever possible, words such as "anticipate", "believe", "expects", "intend" and similar expressions have been used to identify these forward- looking statements. Information in this article has been furnished for your information only, is accurate at the time of posting, and may be superseded by more current information. Except as required by law, we do not undertake any obligation to update the information, whether as a result of new information, future events or otherwise. This article should not be considered as personal financial advice. Full Disclosure: The parent company of Equity Insight is not a paid client of LOOPShare Ltd. Directors of the parent company of Equity Insight may buy, hold or sell the securities before during or after this publication.
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