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South Korean e-scooter company Gbike acquires Hyundai Motor's micromobility platform ZET and will acquire ZET's fleet of fewer than 1,000 e-scooters.
Shared micromobility operator Lime will temporarily shut down its operations in several South Korean cities at the end of the month. Lime attributes its withdrawal to regulatory shortfalls, like the lack of a request-for-proposal (RFP) process, which has led to a large number of operators with uncontrolled fleet sizes causing disorder and issues with rider […]
Shared micromobility company Tier Mobility said on Wednesday it has acquired Fantasmo, a U.S.-based computer vision-powered e-scooter parking startup whose tech Tier had been trialing in multiple cities in Europe. Tier will bring on all of Fantasmo’s 15 staff members and continue to invest in and develop what will now be an in-house Camera Positioning […]
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Ford Motor Co. unveiled a two-pronged future this week, with its gasoline-powered and electric businesses divided into two new business units. Do two-wheeled vehicles fit into that vision? Not so much. Amid the new structural developments announced this week, Ford quietly sold its electric bike…