Gbike, a Korean Micromobility Startup, Plans to Acquire Rivals Before their 2025 IPO
Gbike acquired a local micromobility platform called ZET from Hyundai Motor for an undisclosed amount last year to bolster its technological synergies.
Gbike posted an EBITDA of $40 million and revenue of $13.7 million in 2022, Yoon said.
“Based on this fully integrated capability, we set out our vision to innovate the micromobility ecosystem through battery-[swapping] infrastructure.
One of the things that set Gbike apart from its competitors is its capability to build its own vehicles — e-scooters, e-bikes and batteries, Yoon mentioned.
Gbike launched its own-developed e-bikes in May last year and now operates a fleet of 35,000 e-bikes.
