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SPI' Announced its Subsidiary RideZoomers Enhanced its Electric Scooter Inventory and Customer Service

SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ: SPI) announced its wholly owned RideZoomers, Inc. subsidiary has expanded its inventory of electric scooters.

Benzinga · 09/01/2021 05:22
SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ:SPI) announced its wholly owned RideZoomers, Inc. subsidiary has expanded its inventory of electric scooters. Established in Seattle in 2019 as a scooter-sharing startup, the business pivoted to a direct-to-consumer and hardware business model in 2020 in the wake of the COVID-19 outbreak. SPI's acquired the RideZoomers assets in July 2021. The electric scooter market is expected to reach $644.5 billion globally by 2028, growing at a CAGR of 29.4%, according to a June 2021 report from Meticulous Research. "In the short time since completing the acquisition we have taken steps to revamp our customer service, product development, and inventory management as well as expand our product lines and related services," commented Xiaofeng Peng, Chairman and CEO of SPI Energy. "With significant resources available to leverage up and dramatically grow and improve our brand, I believe we are in a great position to grow sales as we remain committed to providing consistent, quality customer service and Zoomers availability." The new inventory is in stock this month, available through the remainder of the year, and includes a new yellow scooter starting in September alongside our existing colors of black, white, red and teal. A picture containing transport, lawn mowerDescription automatically generated The Zoomers model boasts some of the highest caliber stats in its category. With a 60v 2,000W rear hub motor, 1200W battery for over an hour of continuous ride time, and 30mph top speed, it's an incredible ride with thrilling performance.