e-scooter INOKIM plans for direct UK entry
October 30, 2021
CompaniesThe micro mobility company INOKIM is preparing to enter the UK market with its top of the range e scooter. Sourcing central london for flag ship store. While preparing for an IPO.
INOKIM E scooters company was founded in 2011 and established its first retail branch in Dizengoff Center in Tel Aviv, Israel.
While INOKIM is controlled by Kfir and Dror Ben-Shoshan and has estimated annual revenues of $20m. The company currently sells its products in around 40 countries while in the UK it uses local agents. However, this is set to change with the plan for a flagship store.
“The expansion is according to their CEO is the next step in our global expansion plans,” stated Kfir Ben-Shoshan, founder and CEO of INOKIM. “Our company is proof that a safe, alternative transportation method can be created with an exciting user experience and profitable business model. We are proud of our accomplishments up to now and have strong expectations for continued success in new markets around the world.”
Here is a short piece on their factory in Southern china. A great video. Check it out.
https://www.youtube.com/watch?v=oetz0_CD8l0 While we expect an IP0 in 2022.