Micromobility’s growth in the U.S. started strong in 2022 before sputtering in the face of economic headwinds.

With shared micromobility ridership almost doubling in 2021, recovering to near pre-pandemic levels, Bird, Lime, Lyft and other companies in the space grew their operations and expanded to new markets earlier this year. The U.S. Bureau of Transportation Statistics reported that the number of shared scooter and bike services increased from 392 in 2021 to 406 in July.

Some of these shared bike and scooter operators reversed course by the fall, however, exiting certain markets and laying off workers. Micromobility executives have blamed recession fears, inflation, a lack of venture capital funding, and tightening or inconsistent regulations for this year’s woes. Still, these service operators say they’re committed to offering these services for the long term as more people rely on shared bikes and scooters for daily transportation.