South Korean e-scooter company Gbike acquires Hyundai Motor’s micromobility platform ZET 

Gbike, a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. 
Gbike CEO Walter Yoon told TechCrunch that the deal, which is its first acquisition, will be completed in early August. The financial terms of the deal were not disclosed. 
South Korea’s consolidations appear to start in the shared micromobility industry after many e-scooter players jumped into the sector in 2019, Yoon said in an intervie

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