Collaborative Agreement Announced by Beam and Neuron

In a significant move for the micromobility industry, Beam Mobility and Neuron Mobility have announced a preliminary agreement for a merger. The combined company aims to be a global e-scooter operator with a clear path to profitability.

The merger will leverage the leadership of both companies in their respective regions. Neuron Mobility, with its strong presence in Australia and Canada, will bring its expertise to the table. On the other hand, Beam Mobility's strong presence in South Korea, Southeast Asia, and Turkey will also be utilised.

Once combined, the company will operate in more than 100 cities, providing micromobility solutions within the Asia-Pacific region and beyond. Neuron Mobility will deploy in Australia and Canada, while Beam Mobility will deploy in South Korea, Southeast Asia, and Turkey.

Zachary Wang, CEO of Neuron Mobility, will be the Chairman and Global CEO of the combined company. Alan Jiang, CEO of Beam Mobility, will become CEO of Asia in the merged company. Deb Gangopadhyay, President and co-founder of Beam Mobility, will become a strategic advisor in the merged company.

The merger is expected to unlock new opportunities for growth and is expected to be completed within 60 days, subject to customary closing conditions. The combined company expects to provide a seamless and efficient user experience, offering a wide range of e-scooters and bikes to meet the diverse needs of its customers.

While the terms and financial details of the merger have not been disclosed, the merged company will retain both the Beam and Neuron brands. The CEOs of the combined company after the merger of Beam Mobility and Neuron Mobility are not mentioned in the available search results.

The merger is a strategic move for both companies, as they aim to consolidate their positions in the rapidly growing micromobility market. The combined company will offer a unique value proposition, with a strong global footprint and a focus on sustainability and user experience.

In conclusion, the merger of Beam Mobility and Neuron Mobility is an exciting development for the micromobility industry. The combined company will be well-positioned to capitalise on the growing demand for e-scooters and bikes, and to provide a seamless and efficient user experience to its customers. The merger is expected to be completed within the next few weeks, and we look forward to seeing how the combined company will shape the future of micromobility.