# G.bike

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/g-bike

- Industry: Transportation Services
- Headquarters: Seoul, South Korea
- Website: www.gbike.io
- Total disclosed funding: $9.2M
- Latest round: Series C (Dec 12, 2023)
- Investors on record: 11

## About

Based in South Korea, G.bike specializes in providing micromobility solutions, primarily through electric scooters, aimed at urban commuters seeking efficient transportation for short distances.Founded in 2017 in Seoul, South Korea, G.bike is focused on shared mobility solutions, particularly electric scooters. The company has successfully completed 6 deals, with its most recent funding round occurring on December 12, 2023, which raised KRW 11.9 billion in Series C funding led by LB Investment, alongside other investors. The company's co-CEOs are Dhiraj Dharmik and Walter Yoon.G.bike is a leading provider of shared mobility solutions, primarily offering electric scooters through a user-friendly mobile application. The service caters to urban commuters needing quick, efficient transportation for short distances. G.bike's scooters feature a Safety Mode for secure riding, particularly for beginners, and employ a distance-based pricing model. The app facilitates scooter rentals and includes an eco points system, rewarding users for rides to enhance engagement and loyalty. G.bike operates in major cities across the Asia-Pacific region, including Gwangju and Dalseo District, targeting college students, professionals, and environmentally conscious consumers seeking convenient transport options.G.bike generates revenue through a pay-per-ride model, charging users based on distance traveled. The company incentivizes frequent users through a tiered discount system, encouraging repeat usage. Users access the scooters via the mobile app for a streamlined rental experience. The pricing structure is competitive with traditional transport options like taxis and buses, and G.bike has established partnerships to expand its service offerings and user community.In December 2023, G.bike raised KRW 11.9 billion in Series C funding, primarily to support its expansion into overseas markets. The company aims to launch new products designed to enhance user experience but has not disclosed specific release dates. The funding will facilitate market entry strategies targeting regions beyond its current operational footprint.

## Funding rounds

- Series C, Dec 12, 2023, $9.2M — LB Investment, BNK Venture Capital, Eugene Asset Management, CYMECHS, AP INVEST
- Series B, May 12, 2021 — SBI Investment Korea, Yuanta Investment, Strong Ventures, Mirae Asset Venture Investment, Premier Partners, CYMECHS
- Series A, Jul 27, 2020 — Strong Ventures, CYMECHS
- Seed, Aug 1, 2018 — The Ventures

## Investors

- The Ventures (https://capitalatlas.ai/funds/the-ventures) — Seed
- Strong Ventures (https://capitalatlas.ai/funds/strong-ventures) — Series A, Series B
- CYMECHS — Series A, Series B, Series C
- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series B
- Yuanta Investment (https://capitalatlas.ai/funds/yuanta-investment) — Series B
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series B
- Premier Partners (https://capitalatlas.ai/funds/premier-partners) — Series B
- LB Investment (https://capitalatlas.ai/funds/lb-investment) — Series C
- BNK Venture Capital (https://capitalatlas.ai/funds/bnk-venture-capital) — Series C
- Eugene Asset Management — Series C
- AP INVEST — Series C