Zikoo Celebrates 9th Anniversary, Ushering in the Eco-Friendly 300 Million Rides Era

Zikoo Mobility Zone Now Covers 70% of South Korea

On August 11, marking its 9th anniversary, G Bike, the operator of the shared mobility platform Gcoo, announced that the cumulative number of rides using Gcoo’s bicycles and kickboards has surpassed 290 million, ushering in a new era of 300 million rides.

The accumulated travel distance amounts to approximately 383 million kilometers, equivalent to circling the Earth 9,545 times. The pace of growth in rides is accelerating. It took 20 months to go from 100 million to 200 million cumulative rides, but moving from 200 million to 300 million required only 16 months, representing a 25% faster expansion rate.

Gcoo has established its “Gcoo Living Zone,” covering around 70% of South Korea, by connecting 157 basic local governments nationwide based on the industry’s largest supply chain and operational infrastructure. The platform supports citizens' mobility in every area of all 17 metropolitan municipalities across the country. Another key differentiator is the operational system in which 90% of vehicles are managed directly by in-house camps. By handling maintenance, redistribution, and cleanliness in-house, the company explains that it can provide a consistently high-quality service throughout the country.

G Bike is also accelerating its transition into an energy infrastructure company. As a first step, it is building a new energy infrastructure based on Battery Swapping Stations (BSS), which are changing the ways people use small-scale mobility vehicles. BSS is a system that integrates battery swapping, charging, storage, and condition management. In the first half of this year, the volume of station usage increased by over four times compared to the same period last year, demonstrating strong market demand. G Bike plans to expand BSS nationwide and to build an open BSS ecosystem that allows various types of personal mobility vehicles to use the network together.

Their global business is also progressing smoothly. Since its first overseas expansion in 2023, the company now operates services in 14 cities across four countries: the United States, Thailand, Vietnam, and Ghana. Overseas revenue surpassed USD 1 million in annual sales for the first time in 2024, and this growth momentum has continued, with revenue exceeding USD 1 million in just the first half of this year.

Jongsoo Yoon, CEO of G Bike, said, "Shared mobility has become an essential means of daily transportation that connects not only commutes and school runs for citizens but also jobs in the delivery sector. The milestone of 300 million rides is not just a business achievement, but proof that shared mobility has grown into an essential mode of transportation supporting the daily lives of countless young people, office workers, and citizens."

This content was produced with the assistance of AI translation services.