Popular electric scooter, G-Bike, achieves record sales for 8th consecutive year in South Korea

G Bike, which provides electric bicycle and electric kick scooter sharing services, expects its consolidated sales to increase 46.9% year-on-year to 80.4 billion won (about 8,049.64 million yen) and operating profit to
The company announced that sales increased 222.8% to 6.9 billion won (approximately 690.59 million yen), achieving its highest performance ever for the eighth consecutive year.
The growth in performance in 2024 was due to the personal motor
The company's PM sharing service "GCOO" expanded its business, with sales of the service increasing 47.8% to 25 billion won (US$25 million).
The company also operates services in overseas markets such as the United States, Thailand, Vietnam, and Ghana. Its overseas sales in 2024 are expected to reach 1.2 billion yen.
The company plans to expand its infrastructure, including battery swap stations (BSS), not only overseas but also in 2025.
This will allow the company to grow beyond the current situation where Korean PMs are focused on short-distance travel. In fact, the company has launched a BSS service in Sejong City.
The company is planning to expand to the Seoul metropolitan area by the end of the year. Yoon Jeong-soo, CEO of the company, said, "Through this achievement, we have confirmed that PM is an essential means of transportation for modern people, especially young people."
Ta.