Mobike, which describes itself as “the world’s first and largest smart bike-sharing platform”, announced on Wednesday that it is entering the Thai market in strategic partnerships with Advanced Info Service (AIS), Central Pattana Group (CPN), and Kasetsart University (KU).
The three partners signed memoranda of understanding with Mobike to jointly deliver smart, sustainable mobility solutions to Thailand’s residents and visitors.
Mobike will first begin service in Thailand at Bangkok’s Kasetsart University to provide students, faculty and visitors easy mobility across the campus.
The smart bikes will also soon be found in strategic locations in cities across the country, including Central Pattana Group’s retail properties. Central World, the largest mall in Bangkok, will be the first shopping mall to have Mobikes.
Mobike will launch in Thailand with a promotion of two free months of service sponsored by Central World and Kasetsart University. Following the promotional period, Mobike users will be charged 10 baht for 30 minutes.
AIS, Thailand’s largest telecom operator, will provide connectivity for the smart bikes and their riders.
Mobike launched in April 2016 and has since deployed across China, Singapore, Italy, Japan, and the United Kingdom. Over 160 cities now host Mobike’s smart bike-sharing service where the company operates more than 7 million smart bikes in total, providing over 25 million rides a day.
Mobike’s strategic investors include Tencent, Foxconn, Bertelsmann, Temasek, Warburg Pincus and Sequoia Capital, and the company has established global partnerships with the like of Microsoft, Vodafone, Ericsson, Qualcomm, and Dow Chemical.