In brief: SoCar ventures into micro-mobility via Korean e-bike sharing investment

• SoCar, a South Korea-based car-sharing and ride-sharing startup, is branching out into the “micro-mobility” segment.
• The company said it has invested an undisclosed amount in Nine2One, the operator of e-bike sharing service Elecle, which began its beta service in November 2018.
• Leveraging SoCar’s mobility platform technology, Elecle plans to officially launch its service with 350 e-bikes and aims to expand to 2,000 units around the country by the year-end.

Source: The Investor