Electric scooters are parked by a road in Seoul on May 11, 2021. (Yonhap)
SEOUL, July 22 (Korea Bizwire) — Electric scooter sharing companies are stepping up to diversify by introducing electric bicycles, or building parking spaces reserved for personal mobility vehicles.
Following setbacks caused by a new mandatory helmet policy and stricter enforcement on illegal parking, these startups are trying to come up with alternative means of survival.
PUMP Co., the operator of e-scooter sharing platform Xingxing, announced that it will introduce new shared electric bicycle services.
Starting with 200 bicycles in Daegu in September, the company plans to expand its area of service, as well as create new businesses targeting personal mobility vehicles.
The e-scooter sharing industry is bracing for change as stricter regulations are pushing businesses to alter their services.
Gbike Co., a platform operating more than 20,000 e-scooters nationwide, is speeding up efforts to build parking stations to resolve issues of illegal parking.
Elecle, another e-scooter sharing platform, has moved away from electric scooters to focus on electric bicycles.
M. H. Lee (mhlee@koreabizwire.com)
