Is there need for low cost city/urban transport - yes, but you need an infrastructure to accommodate it safely and that should have come first. In the absence of that infrastructure, the city trials should not have gone ahead, they are only encouraging the illegal use of privately owned scooters. People will be injured and some will die. If that isn't bad enough the trial will inevitably make a loss usually at the the tax payers expense. Every one of these schemes loses money, it's in their nature to lose money because we would have to live in a utopian society where people don't steal and chuck things in the canal for such a scheme to succeed. It would be nice if we did live in a utopian society but we don't.
For example 1,164 Boris bikes were lost in the nine months ended September 2021, a 24.6 per cent hike on the 934 lost in 2020.
Paris bike-share system, Vélib’, is reportedly set to significantly reduce its fleet due to rampant theft and vandalism, with 9,000 bikes reported mangled or missing in 2012 alone.
Liverpool City Bike began in 2014 with £2m from the Sustainable Transport Fund. There were 1,000 bikes and 150 docking stations Vandalism and theft saw the number of bikes fall to 500.
They could have spent those lost millions improving the infrastructure and getting people to buy their own bikes.