Skootel launched the first micro-mobility service in Puerto Rico in August 2019 and since then has grown to 2,600 scooters, 120 bikes, five markets, more than 1.5 million rides, and more than 200,000 users.
“Customers continue to spend, maybe not at the same pace as during the [COVID-19] pandemic, but it continues to be the motor of the economy in Puerto Rico and in the [mainland] U.S.”
— Ignacio Álvarez, CEO of Popular Inc., on the bank’s first-quarter earnings, which although declined compared to last year’s figures due to industry-wide adjustments, sustained consumer spending remains a positive indicator.