ScooterBug, Inc.
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ScooterBug, Inc. - overview
Established
1993
Location
Orlando, FL, US
Primary Industry
Business Support Services
About
ScooterBug, Inc. provides specialized mobility solutions, including stroller, wheelchair, and electric convenience vehicle rentals, designed to enhance guest experiences at major tourist destinations across the United States. ScooterBug, Inc. is a mobility solutions provider, primarily focused on enhancing the travel experiences of families and individuals at tourist attractions.
Founded in 1993, the company is headquartered in Orlando, Florida, US. The firm operates regional offices in key tourist markets, including Las Vegas, Nevada, and Anaheim, California. Andrew Kindfuller serves as the CEO of ScooterBug. In February 2023, the company merged with CTM Group Inc.
, forming VENU+. ScooterBug Rentals specializes in providing mobility solutions that enhance guest experiences at major U. S. tourist destinations.
The core offerings include rentals of strollers, wheelchairs, and electric convenience vehicles (ECVs), catering to diverse needs such as families visiting theme parks, elderly tourists, and individuals with mobility challenges. By facilitating ease of movement, ScooterBug ensures accessibility in popular venues frequented by visitors, primarily in Orlando, Florida; Las Vegas, Nevada; and Anaheim, California. ScooterBug Rentals operates a revenue model based on direct rental transactions with customers at various locations. Clients can easily book mobility equipment via online platforms or telephone, benefiting from a seamless rental experience that includes delivery and pick-up services.
The transactions primarily involve individual rentals of strollers, wheelchairs, and ECVs, with flexible pricing plans designed for short-term and long-term requirements. This diversity in services supports the company's operational goals and enhances customer engagement. ScooterBug, Inc. aims to expand its service offerings and reach additional markets following its merger with CTM Group in February 2023.
The company is working on launching new products to further enhance mobility solutions tailored for its clientele. Additionally, ScooterBug plans to enter new geographic regions to establish a presence in untapped tourist markets by 2024. The recent merger and associated funding will facilitate these growth initiatives, allowing ScooterBug to leverage the combined resources for broader market penetration.
Current Investors
VENU+
Primary Industry
Business Support Services
Sub Industries
Business Support Services
Website
www.scooterbug.com
Company Stage
Merged
Total Amount Raised
Subscriber access only
ScooterBug, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | CTM Group Inc., ScooterBug, Inc. | - | ||||||||
| Private Debt | Completed | ScooterBug, Inc. | - |
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