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Romanian startup Splash, which offered electric scooter rentals via an app, is shutting down after seven years, according to founder Octavian Marian. He stated that he invested over 1 million euros without seeing a return. The closure is attributed to new regulations from the Bucharest City Hall that restrict scooter rentals. The new rules require renters to be at least 18 years old and include changes on scooter parking. Marian expressed his disappointment on social media, reflecting on the memories created through the service.