South Korean messaging app service provider Kakao has entered the e-bike sharing segment with a new brand, Kakao T Bike, while SoCar has invested in e-bike sharing startup Nine2One.
Kakao launches e-bike sharing service in South Korea
South Korean messaging major Kakao has entered the e-bike sharing segment with its latest micro-mobility service called Kakao T Bike, according to Pulse News.
Kakao Mobility, the transportation service unit of Kakao, said the new electric bike-sharing scheme will start operations on March 6 in the Yeonsu District of Incheon city and various parts of Seongnam city.
Through the Kakao T app, users can rent a bike nearby and simply leave the bike when they’re done as there are no fixed docking stations. A fee is automatically charged on the credit card registered on the app.
It plans to launch with a fleet of 400 bikes in each city and gradually expand to 1,000 by year-end.
The bike-sharing scheme would serve areas not covered by public transportation or where there aren’t available taxis, Kakao said.
SoCar invests in e-bike sharing startup Nine2One
SoCar, a South Korea-based ride-sharing startup, is branching out into the “micro-mobility” segment, according to The Investor.
The company on March 6 said it has invested an undisclosed amount in Nine2One, the operator of e-bike sharing service Elecle, which began its beta service in November.
Backed by SoCar’s mobility platform technology, Elecle plans to officially launch its service with 350 e-bikes and aims to expand to 2,000 units around the country by the year-end.
“Providing various mobility options which allow users to move around without owning a car can reduce the number of cars and solve urban traffic issues,” SoCar founder and CEO Lee Jae-woong said in a statement.