WeMo Aims for 100,000 Shared Scooters in 10 Years, Evaluates Southeast Asia and Japan Expansion
Shared electric scooter company WeMo announced plans to expand its fleet to 100,000 vehicles within 10 years and is considering entering Southeast Asian and Japanese markets. The company completed its Series B funding round of approximately US$20 million and has been profitable since Q4 last year.
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- 📰 Published: May 12, 2026 at 18:06
- 🔍 Collected: May 12, 2026 at 18:32 (25 min after Published)
- 🤖 AI Analyzed: May 12, 2026 at 19:19 (47 min after Collected)
Central News Agency (Reporter Chung Jung-feng, Taipei, 12th) Shared electric scooter company WeMo announced today that its current fleet size has reached 11,000 vehicles, with a 10-year plan to reach 100,000 vehicles. It aims to increase its fleet by 5,000 to 8,000 vehicles annually in the next 3 to 5 years, targeting over 25% penetration in Taiwan by 2027 and annual revenue exceeding TWD 1 billion by 2028.
Regarding overseas market deployment, WeMo indicated that it is considering the feasibility of Southeast Asian markets including Thailand, Vietnam, and Indonesia, and remains open to any cooperation model. Plans are expected to become clear in the first half of 2027. The Japanese market is viewed positively, with concrete plans expected in the second half of 2027.
WeMo held a press conference this afternoon, attended by representatives from major investors including Taiwan Mobile President Jamie Lin, Taiwan Mobile Personal User Business Commercial Director Lin Tung-min, and Cathay Venture.
WeMo Co-founder and Vice Chairman Wu Hsin-pei stated that the WeMo Fly fleet, in cooperation with Kymco, has reached 8,000 vehicles. Today, they announced that 3,000 WeMo GO vehicles, in cooperation with Gogoro, will join the fleet, bringing WeMo's total fleet size to 11,000 vehicles. The company aims for a vision of 100,000 vehicles in 10 years, continuously cooperating with different vehicle manufacturers.
WeMo has received support from Taiwan Mobile, Cathay Venture, and HONGQI Fund, completing its Series B fundraising. Taiwan Mobile Personal User Business Commercial Director Lin Tung-min pointed out that since Taiwan Mobile launched its Taiwan Mobility strategy in 2022, it has expanded its smart mobility ecosystem, with WeMo becoming a key partner. Taiwan Mobile also facilitated this additional Series B investment, and both parties will continue to deepen cooperation to create a complete smart mobility ecosystem.
WeMo CEO Liu Yu-hsun explained that WeMo completed its Series B fundraising of approximately US$20 million by the end of 2025. WeMo started making profits in Q4 last year, and this year, it aims to capitalize on the shared scooter market opportunities in Taiwan with its 11,000-vehicle fleet.
Liu Yu-hsun stated that WeMo's membership reached 2.1 million in Q1 this year, with approximately 15% penetration in the Taiwan scooter market. The goal is to reach 3 million members and increase penetration to over 25% by 2027.
Liu Yu-hsun pointed out that WeMo's ridership in Q1 this year grew 1.8 times compared to the same period in 2025, and monthly rental revenue grew 3 times year-on-year. The goal is for WeMo's annual revenue to reach TWD 1 billion by 2028, with an annual increase of 5,000 to 8,000 new vehicles in the next 3 to 5 years.
Regarding overseas market deployment, Liu Yu-hsun stated that WeMo continues to consider the feasibility of Southeast Asian markets, including Thailand, Vietnam, and Indonesia, and remains open to any cooperation model. Plans are expected to become clear in the first half of 2027.
As for the plans for the Kumamoto market in Japan, Liu Yu-hsun revealed that they look forward to the local electric scooter rental manufacturers and local battery swap systems being in place. WeMo views the Japanese market positively, and concrete plans are expected to become clear in the second half of 2027.
Regarding IPO plans, Wu Hsin-pei stated that WeMo will first stabilize its performance. WeMo started making profits in Q4 last year, and the family will continue to invest in WeMo.
In addition to deepening its own shared application software platform, WeMo is also actively expanding cross-platform cooperation. WeMo indicated that it has strategically cooperated with Taiwan Mobile, LINE GO, iPASS MONEY, iRent, and Autopass. Cross-platform integration will double by the end of this year, and USPACE and others will join online in 2027, creating a smart transportation ecosystem covering diverse scenarios and life scenes.
WeMo stated that it currently has over 50 stations along Taiwan's round-the-island main line, with 100% high-speed rail coverage and 80% coverage for major Taiwan Railways stations. The goal is to double the number of stations to 100 by the end of this year. (Editor: Huang Kuo-lun) 1150512 Choose to stand with facts, every sponsorship you make is a force to protect press freedom. Download the Central News Agency's "First-hand News" APP to instantly grasp the latest news. The text, pictures, and audio-visual content of this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.
Regarding overseas market deployment, WeMo indicated that it is considering the feasibility of Southeast Asian markets including Thailand, Vietnam, and Indonesia, and remains open to any cooperation model. Plans are expected to become clear in the first half of 2027. The Japanese market is viewed positively, with concrete plans expected in the second half of 2027.
WeMo held a press conference this afternoon, attended by representatives from major investors including Taiwan Mobile President Jamie Lin, Taiwan Mobile Personal User Business Commercial Director Lin Tung-min, and Cathay Venture.
WeMo Co-founder and Vice Chairman Wu Hsin-pei stated that the WeMo Fly fleet, in cooperation with Kymco, has reached 8,000 vehicles. Today, they announced that 3,000 WeMo GO vehicles, in cooperation with Gogoro, will join the fleet, bringing WeMo's total fleet size to 11,000 vehicles. The company aims for a vision of 100,000 vehicles in 10 years, continuously cooperating with different vehicle manufacturers.
WeMo has received support from Taiwan Mobile, Cathay Venture, and HONGQI Fund, completing its Series B fundraising. Taiwan Mobile Personal User Business Commercial Director Lin Tung-min pointed out that since Taiwan Mobile launched its Taiwan Mobility strategy in 2022, it has expanded its smart mobility ecosystem, with WeMo becoming a key partner. Taiwan Mobile also facilitated this additional Series B investment, and both parties will continue to deepen cooperation to create a complete smart mobility ecosystem.
WeMo CEO Liu Yu-hsun explained that WeMo completed its Series B fundraising of approximately US$20 million by the end of 2025. WeMo started making profits in Q4 last year, and this year, it aims to capitalize on the shared scooter market opportunities in Taiwan with its 11,000-vehicle fleet.
Liu Yu-hsun stated that WeMo's membership reached 2.1 million in Q1 this year, with approximately 15% penetration in the Taiwan scooter market. The goal is to reach 3 million members and increase penetration to over 25% by 2027.
Liu Yu-hsun pointed out that WeMo's ridership in Q1 this year grew 1.8 times compared to the same period in 2025, and monthly rental revenue grew 3 times year-on-year. The goal is for WeMo's annual revenue to reach TWD 1 billion by 2028, with an annual increase of 5,000 to 8,000 new vehicles in the next 3 to 5 years.
Regarding overseas market deployment, Liu Yu-hsun stated that WeMo continues to consider the feasibility of Southeast Asian markets, including Thailand, Vietnam, and Indonesia, and remains open to any cooperation model. Plans are expected to become clear in the first half of 2027.
As for the plans for the Kumamoto market in Japan, Liu Yu-hsun revealed that they look forward to the local electric scooter rental manufacturers and local battery swap systems being in place. WeMo views the Japanese market positively, and concrete plans are expected to become clear in the second half of 2027.
Regarding IPO plans, Wu Hsin-pei stated that WeMo will first stabilize its performance. WeMo started making profits in Q4 last year, and the family will continue to invest in WeMo.
In addition to deepening its own shared application software platform, WeMo is also actively expanding cross-platform cooperation. WeMo indicated that it has strategically cooperated with Taiwan Mobile, LINE GO, iPASS MONEY, iRent, and Autopass. Cross-platform integration will double by the end of this year, and USPACE and others will join online in 2027, creating a smart transportation ecosystem covering diverse scenarios and life scenes.
WeMo stated that it currently has over 50 stations along Taiwan's round-the-island main line, with 100% high-speed rail coverage and 80% coverage for major Taiwan Railways stations. The goal is to double the number of stations to 100 by the end of this year. (Editor: Huang Kuo-lun) 1150512 Choose to stand with facts, every sponsorship you make is a force to protect press freedom. Download the Central News Agency's "First-hand News" APP to instantly grasp the latest news. The text, pictures, and audio-visual content of this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.