INSUBCONTINENT EXCLUSIVE:
number of layoffs, TechCrunch has learned.This has seen a reduction in headcount in its HQ and other regional operations
fast growth in the initial stage now we focus on efficiency and ops excellence, including switching our operations mode to swappable battery
Apart from being more cost efficient that is also more sustainable (cargo bikes instead of vans).I managed to get Gadowski on a call and he
added some further context to the layoffs, citing three reasons behind the decision to reduce headcount: seasonality, operational learnings
explained the Circ founder
micromobility service across many markets simultaneously
perhaps inevitably shifting toward greater emphasis on capital efficiency
Gadowski says the move to swappable battery technology means that Circ can run more efficiently and therefore also requires fewer
Vans bring them into the city hotspots, the user rides them, then vans pick them up again where they are maintained or batteries charged
And now this changes to swappable batteries operations in which the vehicles are equipped with batteries that are swappable so you charge
shared some updated metrics with TechCrunch
The company says it has enabled approximately 10 million rides to date and has 3 million registered customers
million in Series A funding in January, with Target Global leading the round via its mobility fund.
