Proprietary Bike Offers Improved Overall
Experience For Riders
CHARLESTON, SC, Sept. 30, 2020 /CNW/ - Gotcha Mobility, LLC
("Gotcha"), a subsidiary of Last Mile Holdings Ltd.
("MILE") (TSXV: MILE) (OTC: AZNVF), announced
today the launch of its all-new fleet of e-bikes. The newly
redesigned bikes use proprietary elements to offer a more
comfortable ride, smoother electric motor and longer battery
life.
The improved electric pedal-assist bike has an updated frame for
a more comfortable riding position and overall experience. The
airless tires better absorb potholes and bumps to create a
smoother, easier ride.
The upgraded electric motor, manufactured by ANANDA, provides a
more natural-feeling pedal-assist and a longer battery life. Riders
can go longer distances with more leisurely rides thanks to the
updated battery. The longer battery life reduces operational costs
by requiring fewer trips to the warehouse for charging. The
swappable battery allows Gotcha's fleet team to change batteries at
hubs in each market, keeping more bikes on the road with on-the-fly
maintenance.
"E-bikes are a big part of our future growth in new and existing
markets, and we are committed to offering the broadest product
suite to our partners," said Max
Smith, CEO of MILE. "E-bikes will continue to differentiate
us from others in our industry that are solely focused on
e-scooters as we are seeing an increased demand in bike share.
"Nothing underscores this update more than the clear need for
additional modes of transportation during COVID-19. Gotcha's city
and university partners are looking to micro-mobility more than
ever as a primary form of transportation. E-bikes serve as vital
components across cities and college campuses as they provide
riders socially-distant transportation alternatives to crowded
buses and confined ride share vehicles."
The previous generation of bikes will be reallocated to other
cities and campuses. Any unusable bikes will be salvaged for parts
or properly disposed of to minimize waste.
Gotcha and MILE, formerly OjO Electric, have been developing
innovative transportation solutions for over 11 years. As more
communities continue to adopt shared mobility, Gotcha plans to
engineer its products to meet the needs of riders and partners.
With comprehensive CDC-approved cleaning protocols and safety
messaging in place, Gotcha is ensuring its riders and partners stay
safe and informed.
For more information on Gotcha, visit ridegotcha.com.
ABOUT GOTCHA
Gotcha, a subsidiary of Last Mile
Holdings, is a shared electric mobility company dedicated to
providing innovative products and technologies that get people out
of single-occupancy cars and safely onto efficient, sustainable
micro-transit products. The company operates electric bikes,
scooters, and cruisers as transportation solutions tailored to
cities and universities across the US. Gotcha empowers communities
to lead happier, more productive lives through the transformative
power of affordable, accessible micro-transit. For more
information, visit ridegotcha.com.
Follow us on social:
Instagram: @RideGotcha
Facebook: @RideGotcha
ABOUT LAST MILE HOLDINGS
Last Mile Holdings
(TSXV: MILE), formerly OjO Electric, is one of the largest
micro-mobility companies in the U.S., offering the broadest product
suite in the industry. Last Mile has 30 university and 50
municipal contracted shared mobility systems under the OjO and
Gotcha brands. The acquisition of Gotcha in the first quarter
of 2020 provides an expansive growth pipeline and a portfolio of
products including electric bikes, scooters, and cruisers. For more
information, visit lastmile-holdings.com.
Follow us on social:
LinkedIn: Last Mile Holdings
Cautionary Statement Regarding Forward-Looking
Information
This news release includes certain
"forward-looking statements" and "forward-looking information"
under applicable Canadian securities legislation that are not
historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements with respect to: Last Mile Holdings and
Gotcha's business and prospects and the Company's objectives, goals
or future plans, including the planned deployment of its mobility
units; and the business, operations, expected future costs and
revenues for and management of the Company. Forward-looking
statements are necessarily based on a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties and other factors which may cause
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: the ability of Company to
meet its deployment targets, access to sufficient mobility units,
usage of mobility units, meeting the requirements of the permits
granted to Company including insurance, general business, economic
and social uncertainties including the impact of COVID-19;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; delay or
failure to receive board, shareholder or regulatory approvals;
those additional risks set out in the Company's public documents
filed on SEDAR at www.sedar.com; and other discussed in this news
release. Accordingly, the forward-looking statements discussed in
this release, may not occur and could differ materially as a result
of these known and unknown risk factors and uncertainties affecting
the companies. Although the Company believes that the assumptions
and factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Reader Advisory
Neither the TSX-V nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility of the adequacy or accuracy of this
release.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/gotcha-mobility-rolls-out-fleet-of-all-new-e-bikes-301140474.html
SOURCE Last Mile Holdings Ltd.
