Tel Aviv, Israel and Shanghai, China (August 2, 2021) – INOKIM, a leading international designer and manufacturer of electric scooters, today announced that the company has merged its business operations in Israel with its manufacturing facility in China into one business entity.
INOKIM reports that this merger with a premium Chinese manufacturer will provide the company with better control over the entire value chain for its electric scooters from R&D to manufacturing to marketing and sales as it plans to ramp up its global expansion.
INOKIM will now become the only supplier of micro-mobility solutions manufacturing electric scooters from aluminum ore into its final product.
According to INOKIM, this merger deal is valued at several tens of millions of dollars.
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