Merger Announcement: Beam and Neuron Combine Forces
In a significant move for the micromobility industry, Beam Mobility and Neuron Mobility have signed a preliminary agreement for a merger. The combined company aims to become a truly global e-scooter operator, offering its services in over 100 cities worldwide.
The merger is expected to be completed within 60 days, subject to customary closing conditions. Once finalised, the combined company will continue to offer micromobility services, leveraging the strengths of both Beam and Neuron.
Beam Mobility's co-founder and CEO, Alan Jiang, will become the CEO of Asia, while Deb Gangopadhyay, Beam Mobility's President and fellow co-founder, will become a strategic advisor. On the other hand, Neuron Mobility's co-founder and CEO, Zachary Wang, will lead the combined company as Chairman and Global CEO.
The combined company will retain both the Beam and Neuron brands, with each deploying in their strongest respective markets. Beam Mobility will focus on micromobility operations in South Korea, Southeast Asia, and Turkey, while Neuron Mobility will continue its operations in Australia and Canada.
The combined company will leverage Beam's strong presence in South Korea, Southeast Asia, and Turkey, and Neuron's leadership in Australia and Canada. This strategic move is expected to unlock new opportunities for growth and provide a clear path to profitability.
The combined company will deploy Beam in South Korea, Southeast Asia, and Turkey, and Neuron in Australia and Canada. The combined company will offer micromobility services in markets such as Australia, Canada, South Korea, Southeast Asia, Turkey, and more than 100 other cities.
The merger is set to create a combined entity that will operate in more than 100 cities worldwide, offering micromobility services to millions of users. This move is expected to revolutionise the micromobility landscape and provide a more efficient, sustainable, and accessible transportation solution for cities around the globe.
The exact leadership structure of the new company after the merger and the regions where the brands Beam and Neuron will continue to be offered are yet to be announced. However, with the combined expertise and resources of both companies, the new entity is poised to make a significant impact in the micromobility sector.
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