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Russia's Yandex launches fleet of electric scooters in Moscow

Stock MarketsJul 07, 2021 03:21AM ET
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© Reuters. A man rides his scooter through a fountain at Gorky Park in Moscow, Russia, July 9, 2018. REUTERS/Kai Pfaffenbach/Files

MOSCOW (Reuters) - Russian tech giant Yandex (NASDAQ:YNDX) will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city.

Electric scooters are a common sight in Moscow during summer, whizzing around the city's parks and pavements, but authorities have been forced to impose speed limits following a string of accidents.

The service will be launched on the Yandex.Go app, the company's one-stop-shop for ride-hailing, food delivery and other services, Yandex said.

Yandex did not say how many scooters it would be launching, nor how much it had spent on the venture.

Russia's Yandex launches fleet of electric scooters in Moscow
 

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