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Source: TechCrunch
Summary
A businessman pitched Jeffrey Epstein on mobility startups in the mid-2010s, according to a review of Department of Justice documents. The documents detail the businessman’s efforts to raise funding for his companies, which focused on electric scooters, ride-hailing, and other mobility services.
Our Reading
The launch follows a familiar script.
The businessman touted his companies as the next big thing, touting features like AI-powered navigation and autonomous driving. He even claimed to have secured deals with major ride-hailing companies. Sound familiar?
But, as with many mobility startups, the claims seemed to be more hype than substance. The companies struggled to gain traction, and the businessman’s efforts to raise funding ultimately fell through.
The whole thing feels like a rehashing of the same old mobility startup playbook, with promises of disruption and innovation that ultimately fail to deliver.
The only thing that’s truly new here is the company name, but the script is all too familiar.
“This is just another example of the same tired mobility startup ideas being recycled and rebranded as innovation.”
Author: Evan Null
