Micromobility Report: Education, Regulation and Data Are Keys to Success
Among key findings for BC are that the province is a leader in establishing important safety regulations, and that shared micromobility programs like Evolve contribute to safety standards at the municipal level. Nationally, with the relative newness of micromobility and its rapid adoption, the report notes that there is some catch up to do. Many governments have yet to put in place laws or policies for e-bikes or e-scooters. It also calls for continued focus on consumer education and highlights a lack of consistent safety incident data as an area for development.
"It's encouraging to see that BC is a leader in responsible micromobility and that shared programs like ours can contribute to the adoption of safety standards while actively providing more accessible and affordable transportation choices," says Leanne Buhler, Head of BCAA's Evolve E-Bike and E-Scooter Share. "BCAA's commitment to road safety extends to all forms of transportation, and shared micromobility is no exception."
"For years, Evolve has worked closely with BC communities to proactively address what's highlighted in the CAA report – from regulating speed and road access, to ensuring device integrity and empowering riders with essential safety education. Our commitment to safety with our community partners has helped make shared services like Evolve a positive force for urban mobility."
The CAA study thoughtfully examines the landscape of micromobility and recognizes the strengths of shared micromobility services in addressing safety concerns. The report identifies several key findings, each of which is met with a strong, positive response from the shared micromobility sector, and actively supported in the province by BCAA's programs.
Regulatory leadership: The report describes a patchwork of laws and policies across the country. In BC, province wide and municipality-led regulations include speed governors and other safety rules that shared mobility programs adopt and champion.
Data-driven safety: The report notes data gaps leading to limited and inconsistent recording of safety-related incidents. Shared micromobility fleets are able to contribute to data driven insights by analyzing data on speed, road conditions, and riding patterns to better inform new and evolving safety policies.
Device integrity: The report identifies inconsistent battery quality and safety as potential risks amongst personally owned e-bikes and e-scooters. High operating standards mitigate these potential risks for shared fleets.
Structured and stricter operations: Shared micromobility's structured operations – including geofencing, designated parking, and enforced speed controls – are vital safety components that contribute to responsible use.
Empowering Through Education: The report found a need for more consumer education to support the rapid growth of micromobility. In BC, Evolve empowers riders with safety education through in-app tutorials, community outreach, and clear guidelines – equipping riders for safe, confident journeys, and significantly boosting overall road safety awareness.
"E-bike and e-scooter share are not just convenient options but are quickly becoming relied on as a way to get around town without a personal vehicle," adds Buhler. "By working hand-in-hand with communities, regulators, and our members, we are demonstrating that micromobility can be used responsibly and safely."
Evolve offers the following tips for safe e-bike and e-scooter use:
Conduct a pre-ride check: Check the tires, brakes and battery before you start your trip.
Wear a helmet: Each Evolve E-Bike and E-Scooter comes with a helmet.
Be visible: Wear bright, reflective clothing – especially at night. For additional visibility, Evolve E-Bikes and E-Scooters have reflectors and head/taillights.
Avoid distractions: To focus on your surroundings, put your phone away while riding.
Never ride impaired: It's dangerous for riders and other road users. Riding while impaired is against the law in BC and could result in penalties.
Obey the rules of the road: Always ride solo and watch for other road users. Follow road rules including stop signs, red lights, and yield to pedestrians.
About Evolve E-Bike and E-Scooter Share
Evolve is a turnkey micromobility share program that offers e-bike and e-scooter share services in British Columbia. Created by BCAA and operating alongside Evo Car Share, Evolve operates public and private e-bike and e-scooter share programs in Metro Vancouver, Vancouver's North Shore, Whistler, Squamish and on Vancouver Island. Businesses, organizations, or municipalities interested in learning more about Evolve E-Bike and E-Scooter Share can reach out at evo.ca/evolve.
About BCAA
Driven by its purpose to move British Columbians forward, BCAA (British Columbia Automobile Association) is a long-standing BC Top Employer (Mediacorp) and serves more than one in three B.C. households with industry leading mobility and protection services, including Membership, Insurance, Evo Car Share, Evolve E-Bike and E-Scooter Share, BCAA Auto Marketplace and Auto Service. BCAA invests in programs and initiatives to make a positive impact by protecting the people and the Province of BC, recognizing that the place we call home is all of ours to protect. BCAA holds itself accountable to its purpose by setting goals related to its impact on People, the Planet and Prosperity, and sharing results in its annual Impact Report.
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For further information, please visit Langhaus LifeCo Securitization Facility Langhaus Insurance Finance LP III (" Langhaus LP III"), though its general partner, LIF GP III Corporation, as seller, entered into a master purchase and servicing agreement (the " LifeCo Facility") dated September 10, 2024 with a major Canadian life insurer (" LifeCo"), as purchaser and agent, whereby Langhaus LP III agreed to sell certain Payments and Related Assets (each as defined in the LifeCo Facility) (collectively, the " LifeCo Receivables") associated with insurance-backed loans originated by Langhaus Financial Corporation. To secure the payment of the LifeCo Receivables, Langhaus Financial Corporation, parent to Langhaus LP III and a subsidiary of the Company, pledged all accounts of Langhaus LP III, including records therefor and proceeds thereof, to the LifeCo. The LifeCo Facility has a purchase limit of $25,000,000 and includes a securitization factor of 92%. Langhaus MOU with Canadian Life Insurer In January 2025, Langhaus signed a memorandum of understanding (" MOU") with a major Canadian life insurance company to achieve certain business volume targets over a five-year period that commenced December 31, 2024. If volume targets have not been achieved by the end of the five-year period, Langhaus could be liable for a payment to the life insurance company of up to $2.1 million. Management estimates the business volume targets are achievable in the normal course of operations and the probability of a payment being required at the end of the five-year period is very low. As a result, no contingent liability is expected to be recorded in relation to this MOU. On Behalf of the Board of Directors: Ken Thomson, Director & Chief Executive Officer Montfort Capital Corp. Web: About Montfort Capital Montfort is a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers. We employ focused strategies, experienced management teams and advanced technology to drive risk-adjusted investment returns. For further information, please visit Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" and "forward-looking statements" (collectively, " forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release may include statements about the time of the reinstatement of trading of the Company's securities on the TSXV and the extension to the Amended Pivot General Facility. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated that could affect the reinstatement of trading of the Company's securities on the TSXV and the ability for Pivot LP to extend the maturity date of the Amended Pivot General Facility. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. SOURCE Montfort Capital Corp.
