LGU+, Hyundai Ties Up For Latter’s E-Bike and Scooter Sharing Service

LG Uplus Hyundai e-bike sharing service

LG Uplus partners with Hyundai to apply its internet of things technology on the latter’s e-bike and scooter sharing service. In its bid to gain a share in the market of growingly popular ride-sharing services like Grab and Uber, Hyundai kicked the ride-sharing service, ZET, just this month in South Korea’s Jeju Island.

According to Hyundai’s representatives, ZET offers last-mile mobility for users. ZET, so far, has a fleet of 80 electric bicycles and 30 electric scooters. LG Uplus’s LTE-M1 IoT technology is essential for the real-time processing of data crucial to provide a smooth exchange of information between the vehicle and Hyundai’s database. The interconnectivity will provide users with accurate location and status updates with regards to their ride.

LG Uplus also has better power efficiency when compared to existing LTE networks. Battery-efficiency is a big issue with ride-sharing platforms as location services often drain the battery of devices. LG Uplus’s IoT will allow the transmission of extensive data without draining the battery.

“We plan to offer the service at tourist attractions as well as in areas frequented by local residents,” an LGU+ spokesperson said. “We expect the service to introduce a new mobility culture and offer a more varied travel experience to tourists. This will contribute to invigorating the tourism of the resort island.”

To use the service, customers only need to download the ZET app from Google Play or Apple’s App Store. They can then search if their location is already available on the platform and if there are available rides nearby. The user can then reserve return or pay for services directly from the app.

“Based on experiences that we have accumulated with Hyundai Motor, we will work to expand ZET service areas,” said the head of LG Uplus’s new business unit, Cho Won-Seok. “We will also expand the application of technology to other devices such as black boxes for cars.”

Users can expect ZET to be available in Daejeon and other areas in the coming years. Hyundai will expand its e-bike and e-kickboard ride-sharing service in partnership with other small and medium enterprises.

Featured image grabbed from LG Uplus website.

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