Gbike is buying Hyundai Motor’s shared micromobility business, ZET, to grow its market share. Micromobility technology is a type of lightweight vehicle. Electronic scooters, e-bikes, traditional bicycles, scooters, electric skateboards, electric water bikes, and hoverboards are all types of micromobility technology. Walter Yoon, the chief executive officer (CEO) of Gbike, told a news company that the talks would be completed in early August. They did not say how much it would cost. Yoon said that companies have been wanting to get Gbike while they were looking for companies to have. He also said that Gbike is in talks to buy another company. According to him, “This year might be a good time for the e-scooter industry to join together.” He is describing the team-up of Gbike and ZET. Even though that will happen, Yoon said that the ZET team will not join Gbike’s team and will stay at Hyundai.