• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • KTO
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Transportation

Korean mobility startup PUMP attracts investment for its shared kickboard service XingXing

Richard Park by Richard Park
December 26, 2022
in Transportation
0
XingXing

XingXing is a shared kickboard service in Korea

0
SHARES
245
VIEWS
Share on FacebookShare on Twitter

Korean startup PUMP, which operates XingXing, a shared kickboard service, attracted 20 billion won ($15.6 million) Series B investment. TS Investment and SK led this investment, and Korea Information & Communications, KB Investment, and Shinhan Capital participated as new investors.

XingXing has achieved tremendous progress last year with profit in the third quarter. Industry experts believe this growth is mainly attributable to the consignment management method. XingXing can flexibly respond to a rapidly changing market because the head office owns all devices. It is much faster to react to the market than the franchise-style operation method, which involves handing over device ownership, and can also aim for high profitability. In the case of XingXing, the cumulative profitability seems to have improved due to the accumulated years of business in consignment operations.

In technology and service planning, competitiveness and growth potential were recognized. XingXing introduced a new model Q1.0, in October of this year, focusing on quality improvement in two areas: safety and convenience for customers using kickboards in Korea.

In addition, XingXing is leading the market by making it available in its app and on various mobility platforms such as Kakao Mobility, T Map Mobility, and T Money Go. The company accelerated the ‘Blockchain’ partnership and even launched a new reward service, XingXing Walking.

“We are getting a hot response from customers in the evaluation that we have prepared a plan to give more benefits to users. XingXing plans to use the investment funds to secure new devices and develop a next-generation personal mobility platform in Korea based on artificial intelligence,” XingXing CEO Kim Sang-hun said. “This Series B investment is a recognition of XingXing’s competitiveness and future growth potential despite the recent cold weather in the frozen investment market,” he emphasized.

Also Read,

  • Korean startup develops an AI mobility safety management platform to avert delivery service road accidents
  • Korean e-mobility startup SWING aspires to be Asia’s number one
  • Korean Mobility startup Popping Car mulls for overseas expansion as markets recover post-Covid
  • Integrated mobility startup Nature Mobility attracts $76 million Series B investment
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: InvestmentKickboardsMobility startupPUMPXingXing
Previous Post

Korean petcare startup Sparkpet launches companion animal app for pet parents

Next Post

Korean vegan food tech startup Join&Join shows 120% annual sales growth for brand Nuldam

Next Post
Nuldam

Korean vegan food tech startup Join&Join shows 120% annual sales growth for brand Nuldam

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
0 Comments
Inline Feedbacks
View all comments
No Result
View All Result

Follow Us

FREE NEWSLETTER

Ecosystem Partners




PRODUCTS

Most Popular

  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Korean startups fall short on global readiness, finds Open Innovation Trend survey

    0 shares
    Share 0 Tweet 0
  • UNDP-Citi Foundation’s impact startup acceleration programme ‘Citypreneurs 2023’ to promote innovative solutions for urban sustainability

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    1 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Fabless semiconductor startup Fadu raises pre-IPO funding, becomes this year’s first Korean unicorn

    0 shares
    Share 0 Tweet 0
  • Quantit secures  30 billion won Series A investment from Smilegate Holdings for AI-based FinTech Asset Management Services

    0 shares
    Share 0 Tweet 0
  • Korean startup launching a nose-print identification for dogs, an alternate to the microchip embedding process

    0 shares
    Share 0 Tweet 0
  • Korean government pledges to nurture K-Space startups with 50 billion won ‘space fund’

    0 shares
    Share 0 Tweet 0
  • Afun Interactive receives investment for Virtual K-Pop Content Production

    0 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected]koreatechdesk.com DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KTO
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.