Moving Secures Investment from Daedong Mobility

Some Regions to Jointly Operate Daedong Mobility and BSS

Battery Swap Station (BSS) for Moving installed in Gangnam-gu, Seoul

Eco-friendly mobility sharing platform startup Moving announced on the 19th that it has secured an investment of 1.5 billion KRW from Daedong Mobility. This new investment is a bridge round connecting Series A and B, with Daedong Mobility participating as a strategic investor.

Moving plans to use the investment to accelerate the spread of eco-friendly mobility. Recently selected as the lead operator in the zero-emission vehicle conversion brand project in five cities, Moving is expanding charging infrastructure through the deployment of battery swap stations (BSS) in collaboration with local governments.

In some regions, Moving will jointly operate BSS with Daedong Mobility. Through this cooperation, both companies expect to maximize synergy in the electric two-wheeler conversion and infrastructure business sectors.

Lee Sang-myeong, CEO of Moving, stated, "Building on this investment, we will contribute to the sustainable expansion of value as a platform providing integrated solutions from electric two-wheeler leasing and sales to operation and maintenance."

This content was produced with the assistance of AI translation services.