As scooter-sharing hits the universal market big, local and global companies start out in business. One of Singaporean locals that popularizes scooter-sharing business and potentially leads the market is Beam.
Former Asian chief for Chinese bike-sharing giant Ofo Inc., co-founded the company. Beam focuses on revolutionizing the way people travel around cities by marketing scooter-sharing services. “We want to change the fundamental way that people move around Asian cities,” said CEO Alan Jiang.
Unlike bike-sharing that has been at the top of the tree for years, scooter-sharing is still novel. However, rumors said that this business will make it big. Beam, as one of the prospective competitors, is believed to be a potential market leader.
The startup, in October, has raised $6.4 millions from numerous investors including Sequoia India. With that massive funding, the company is well prepared to deploy e-scooters all over the Lion City. Their goals, however, do not stop there as they plan to reach other potential markets such as Malaysia, Australia, and South Korea.
Scooters startup market for Beam Southeast Asia
Considered new on the market, scooter business still has a long road to go. There, accordingly, prevails factors affecting its growth.
Looking at Southeast Asia’s markets, the market size is not to worry. With its dense population, Southeast Asia is promising and suitable.
The crux, however, lies in the regulation and social acceptance. For example, Singapore, as a scooter-populated country, has yet to issue regulations to permit the use of e-scooters in public areas. Ongoing updates report that companies are still applying for licenses.
Regulations play a big role in the future of this business, many believed. Governments are, currently, weighing its pros and cons. With this in mind, it is so gripping to look up for the future of scooters and scooter-sharing startups in Southeast Asia.
