WeMo Scooter finishes series A fund raising

Yihan Li, Taipei; Adam Hwang, DIGITIMES Asia 0

Electric scooter sharing service operator WeMo Scooter has completed series A fund raising, obtaining investment of over NT$100 million (US$3.36 million), according to the Taiwan-based company.

AppWorks Ventures was the leader for the investment, WeMo said.

The funds will be used to set up an IoV R&D center and train about 100 IoV hardware/software experts in Taiwan and abroad in three years, WeMo noted.

WeMo has deployed more than 6,000 rental electric scooters in Taiwan, with nearly one million trips in total a month.

A WeMo rental electric scooter

A WeMo rental electric scooter
Photo: Company