WeMo Scooter secured a multi-million dollar Series A funding round led by AppWorks to enhance its e-scooter sharing service in Taiwan and expand into Southeast Asia, supported by its innovative IoT technology and R&D efforts.

Target Information

WeMo Scooter, Taiwan's leading e-scooter sharing startup, has successfully concluded a multi-million dollar Series A funding round led by the investment firm AppWorks. Founded in 2016, WeMo Scooter is renowned for providing a user-friendly, technology-driven vehicle sharing service that allows riders to enjoy the freedom of smart transportation anywhere, anytime. With over 7,000 e-scooters deployed in cities such as Taipei, New Taipei, and Kaohsiung, the company facilitates approximately 1 million monthly trips for both local residents and international visitors.

Industry Overview in Taiwan

The smart mobility sector in Taiwan is experiencing significant growth, driven by advancements in technology and increasing consumer demand for sustainable transportation solutions. The government has been keen on promoting various smart city initiatives that align with global trends towards cleaner and greener urban living. As a result, investments in smart transportation systems have surged, highlighting opportunities for innovative companies like WeMo Scooter to thrive.

In recent years, Taiwan has ramped up efforts to develop its infrastructure to support electric vehicles, including e-scooters. This shift is supported by favorable government policies and incentives aimed at r