The former executive officer launches Beam, a new electric scooter service in Singapore

SINGAPORE: A former leader of the ofo self-service bicycle company will launch an e-scooter sharing service in Singapore after raising $ 6.4 million ($ 9 million) in seed money.

Mr. Alan Jiang, former ofo director for the Asia-Pacific region, co-founded Beam, a Singapore-based mobility startup, of which he is now the director.

In a press release issued Tuesday, Oct. 23, the startup announced its intention to invest heavily in creating a core infrastructure for its shared mobility platform, including first-time purchases. # 39; e-scooters.

He will also focus on the development of his mobile application and the growth of the team for its "imminent deployment".

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According to a Bloomberg report, Beam plans to deploy its service in Singapore in the coming weeks before launching it in Malaysia, Australia and South Korea.

Mr. Jiang is also the former Uber Country Manager in Indonesia and was part of the team that launched Uber in Asia.

"We want to change the basic way people move in Asian cities. Our goal with Beam is to create a shared mobility platform focused on providing true transportation options, "he said in a press release.

Guests will pay USD 1 to use the electronic scooters at an additional charge of USD 0.15 per minute. No deposit will be required, Bloomberg report said.

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Beam added that it was committed to distributing and maintaining its fleet of vehicles responsibly, securely storing customer data and working with governments to build and improve the customer base. transport infrastructure.

Sequoia India, Founders Fund, ZhenFund and Class 5 Global led the initial financing cycle. Other donors include Arbor, Insignia, 500 startups, Gobi, K2 Global, Pascal Capital, Maloekoe Ventures and Cherubic Ventures.