WeMo Aims for 100,000 Shared Scooters in 10 Years, Evaluates Southeast Asia and Japan Expansion

(Central News Agency reporter Chung Jung-feng, Taipei, 12th) Shared electric scooter service 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 over the next 3 to 5 years, targeting over 25% penetration in Taiwan by 2027 and annual revenue exceeding NT$1 billion by 2028.

Regarding overseas market expansion, WeMo noted the feasibility of Southeast Asian markets including Thailand, Vietnam, and Indonesia, maintaining an open attitude towards any cooperation model. Plans are expected to become clearer in the first half of 2027. The Japanese market is viewed positively, with more 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 General Manager Lin Chih-chen, Taiwan Mobile Personal User Business Chief Commercial Officer 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, the WeMo GO fleet, in cooperation with Gogoro, will add 3,000 vehicles, bringing WeMo's total fleet size to 11,000 vehicles. The company aims to reach a vision of 100,000 vehicles in 10 years, continuously cooperating with different vehicle manufacturers.

WeMo secured B-round funding with support from Taiwan Mobile, Cathay Venture, and Hon Chi Fund. Taiwan Mobile Personal User Business Chief Commercial Officer 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 B-round additional 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 B-round funding of approximately US$20 million by the end of 2025. WeMo began to turn a profit in the fourth quarter of last year, and this year it aims to aggressively target the shared scooter market opportunities in Taiwan with its 11,000-vehicle fleet.

Liu Yu-hsun stated that in the first quarter of this year, WeMo's membership reached 2.1 million, with a penetration rate of about 15% in the Taiwanese scooter market. The target is to reach 3 million members and increase the penetration rate to over 25% by 2027.

Liu Yu-hsun pointed out that WeMo's ridership in the first quarter of 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 NT$1 billion by 2028, with an annual increase of 5,000 to 8,000 new vehicles over the next 3 to 5 years.

Regarding overseas market expansion, Liu Yu-hsun stated that WeMo continues to consider the feasibility of Southeast Asian markets including Thailand, Vietnam, and Indonesia, maintaining an open attitude towards any cooperation model. Plans are expected to become clearer in the first half of 2027.

As for plans for the Kumamoto market in Japan, Liu Yu-hsun revealed that WeMo is looking forward to the local electric scooter rental manufacturers and local battery swapping systems being in place. WeMo views the Japanese market positively, with more clarity expected in the second half of 2027.

Regarding IPO plans, Wu Hsin-pei stated that WeMo will first stabilize its business performance. WeMo began to turn a profit in the fourth quarter of 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 noted that it has strategically partnered 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 daily life.

WeMo stated that it currently has over 50 stations along Taiwan's island-wide north-south line, with 100% high-speed rail coverage and 80% coverage of major Taiwan Railway stations. The goal is to double the number of stations to 100 by the end of this year. (Editor: Huang Kuo-lun) 1150512

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