Ride Achieves Fourfold Revenue Growth... Full-Scale B2C Expansion in 2026

Mobility startup Ride will fully expand its business targeting general consumers (B2C) starting in 2026. Despite a contracted automotive market environment due to high exchange rates and universal tariffs, the company has continued to achieve strong growth. Its strategy is to transition from its existing B2B-focused business structure to B2C, opening a new phase of growth.

On January 21, Ride announced that its 2025 revenue grew fourfold compared to the previous year and that it achieved operating profitability within five years of its founding. Based on this performance, the company secured a Series A investment of 4 billion KRW in 2025, bringing its total accumulated investment to 6.5 billion KRW. Leveraging its online distribution and operations model, which has been centered on B2B, Ride plans to foster the B2C market as a core growth driver starting in 2026.

To strengthen its competitiveness in the B2C sector, Ride will first introduce on-site maintenance services. Professional maintenance staff will visit customers at their preferred locations to provide basic maintenance services such as engine oil and battery replacement. The service is currently operated based on a nationwide network of over 1,200 maintenance locations and experience managing more than 60,000 vehicles. The company plans to gradually expand the service scope to include tire replacement and other offerings in the future.

In addition, Ride has completely revamped its official website to support the expansion of services for general consumers. The new site is optimized for mobile environments, improving service accessibility, and the company plans to sequentially introduce personalized information features based on analysis of consumer usage patterns. Starting in 2026, Ride aims to expand its business scope beyond vehicle sales to become a comprehensive mobility platform covering the entire vehicle lifecycle.

Lee Mincheol, CEO of Ride, stated, "We will actively expand the business model, which has been validated in the B2B market, into the B2C sector to significantly grow our presence among general consumers. We aim to make 2026 a turning point that achieves both revenue growth and enhanced profitability."