Lumo, which joined EIT Climate-KIC’s Accelerator programme in 2015, making through phase two and three, is focused on engaging as many people as possible in the energy transition. “We’re very excited to integrate into the Société Générale group, which will enable Lumo to benefit from new capacities, so it may take an unprecedented step in its development strategy and carry out the mission we’ve set for ourselves: To contribute to the development of useful projects and concrete actions that have a positive impact on our environment.” “This acquisition is a strong symbol of recognition for the relevance of our model,” said Alex Raguet, Co-founder and CEO, Lumo. The move is part of Société Générale’s ambitious 2020 goal of raising €100 billion to finance the energy transition, and is an affirmation of its commitment to climate. But that is now in limbo: the government has admitted that bill will not be put before Parliament during the current session, and there is no word on if or when that might now happen.Renewable energy crowdfunding platform fintech Lumo, supported by EIT Climate-KIC, has been acquired by the Société Générale, France’s third largest bank. The Department for Transport has been working on plans to fully legalise e-scooters, with legislation set to be included in a new Transport Bill. While it is legal to buy an e-scooter and use it on private land with permission of the land owner, it is against the law to use a private machine on public roads. The bans highlight further the issues caused by the continuing confusion over the legality of private e-scooters. For example, Great Western Railway currently allows passengers to carry e-scooters on board, as long as the machines are folded and placed on the floor level of the bulk luggage compartment. The train firms or transport authorities that have so far introduced bans on e-scooters are: Avanti West Coast, East Midlands Railway, Grand Central, LNER, Lumo, Northern, TransPennine Express, Transport for London, Transport for Wales and the Tyne and Wear Metro. The move by the three services closely matches the ban recently put in place by Northern, and the long-standing ban on Transport for London services. Those machines are fully legal in the UK, and there is a perception that they are less prone to being modified. In both cases, e-bikes, electric wheelchairs and mobility scooters are exempt from the ban. Most of these devices are not approved for use in the UK and the batteries are often unregulated.” The firm’s head of safety and security, Iain Peacock, said: “The risks associated with e-scooters and similar devices are of significant concern. The TransPennine Express runs services across the North West and North East England, Yorkshire and Scotland. We ask our customers to adhere to these new rules and be kind to our staff helping to enforce them, so we can keep everyone safe.” This temporary ban is to preserve the safety of our colleagues and customers until there is greater regulation on e-scooters. Whitehouse added: “The risks associated with e-scooters are a significant concern and are why we’re banning them at our stations and onboard our trains. It has introduced a “temporary” ban on e-scooters and e-hoverboards, with Dave Whitehouse, the firm’s safety and security chief, saying that: “The safety of our staff and customers comes first.”Īre e-scooters legal? Move Electric's definitive guide In many cases, the bans also extend to similar machines including e-hoverboards, e-unicycles and e-skateboards.Īvanti West Coast runs services on the West Coast Main Line that connects London, Birmingham, Liverpool, Manchester, Glasgow and Edinburgh. The decisions mean that ten major UK transport operators, including Transport for London and rail firm Northern, have now banned e-scooters. They are the latest train operators or transport authorities to clamp down on people carrying the machines onboard trains or at stations they operate, citing the fire risk posed by their lithium-ion batteries. Avanti West Coast, TransPennine Express and East Midlands Railway have all banned passengers from carrying electric scooters and similar vehicles on their services due to safety concerns.
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