E-scooters could raise real estate prices, startup executive says

E-scooters could mean a boost in real estate values in congested U.S. cities.

This is the assertion of David Richter, the chief business officer at e-scooter startup Lime, which has deployed thousands of scooters in cities across the country.

Speaking at a conference hosted by Fortune Tuesday, Richter said that the rise of e-scooters, coupled with an increase in bicycle use and ride-sharing, could drive down traffic from traditional car use.