June 29, 2022

South Korea ride-sharing company, SoCar has announced that it will launch an integrated mobility service next year that will connect all transit options in one app. The move comes due to rising competition with mobility providers.

SoCar Chief Executive Park Jae-uk mentioned that the envisioned “super app” will allow users to find multiple modes of transit to reach their destinations in the fastest and most effective manner, through its buses, trains, electric bikes, and car-sharing facilities.

He also added that users of the super app will be able to book an electric bike to reach a SoCar zone, or a SoCar vehicle to reach a train station, and another SoCar vehicle to reach their destinations from the train station. The company will add several other such combinations depending on the users’ demands.

SoCar further plans –

• The company will partner with lodging facilities and parking lots to help its users find and book the nearest place to park their accommodations and cars through the app.
• It also plans to start delivering reserved vehicles to customers in Seoul and neighboring Gyeonggi Province amongst its other “streaming mobility” services.
• Users will be able to return the vehicles to designated areas adjacent to their destinations.

According to the car-sharing app, on Monday it mentioned to begin providing autonomous driving services on Jeju island, the country’s southern resort, whilst also expand the services to the central administrative hub of Sejong and other cities.

Currently, the users of the company’s services can pick up a car in a designated area and return it to the same place. However, the new app lets users return borrowed vehicles to a different spot near their destinations.
About SoCar –
The car-sharing company began its business with 100 vehicles in Jeju Island in 2011. This year it increased the number of vehicles to 18,000, while the number of users also rose to 7 million from 30 million.
By 2027, the company aims to increase its fleet of vehicles to 50,000 and replace them with hydrogen-powered, all-electric, and other environment-friendly ones by 2030.