Nearly RMB 3 Billion a Year! E-Scooter Exports Are Booming—Who Should Overseas Buyers Turn to for Their Next Batch?

Sep 16, 2026

 

Nearly RMB 3 Billion a Year! E-Scooter Exports Are Booming—Who Should Overseas Buyers Turn to for Their Next Batch?

A second-generation factory owner built a listed company. This source factory in Jinhua is no longer a secret.

In China, as some domestic tracks become saturated and competition intensifies, more and more companies are going global to find new opportunities.

Consumer electronics and small home appliance brands were among the first to go overseas. Electric scooters are now following close behind and entering their own “spring.” According to Yien.com, GOTRAX seized this trend and built strong recognition in North America and other overseas markets. Its parent company generated nearly RMB 3 billion in revenue last year, and its G4 electric scooter was named one of “2024’s Best Electric Scooters” by CNN.

This is not the success of just one brand. It is the explosion of an entire category.

For overseas buyers, brand owners, distributors, and cross-border e-commerce sellers, the real questions are:

The market is huge—who should make your next batch?
Who can deliver consistently?
Who can control quality?
Who can customize for different markets?

The answer may be found in Jinhua, Zhejiang.

enrichwheel, a manufacturing enterprise focused on the R&D and production of electric scooters, electric motorcycles, and hoverboards, is waiting for you to audit its factory in the core industrial zone of the global electric scooter industry belt.


01 A Factory Owner’s Son Refused to Take Over—and Built an E-Scooter Company That Went Public

According to Yien.com, GOTRAX is a brand under Zhejiang Taotao Vehicle Co., Ltd. Its founder, Cao Matao, is truly a “second-generation factory owner.”

But he did not choose to inherit the family business. He chose to start his own company.

In 2015, Cao Matao officially founded Zhejiang Taotao Vehicle Co., Ltd., focusing on overseas markets. In 2017, the company officially launched its own brand, GOTRAX, targeting mid- and low-end consumers in Europe and the United States and committed to producing “cost-effective, environmentally friendly, and fun” electric mobility products.

After that, Taotao Vehicle took off:

  • • In March 2023, it officially listed on the ChiNext board of the Shenzhen Stock Exchange.
  • • Its IPO raised RMB 2.008 billion.
  • • In 2023, total revenue reached RMB 2.144 billion, up 21.44% year on year; net profit was about RMB 280 million, up 36.09%.
  • • In 2024, total revenue reached RMB 2.977 billion, up 38.82% year on year.
  • • Net profit attributable to the parent company increased 53.76% to RMB 431 million.
  • • In the first half of 2024, GOTRAX generated revenue of RMB 1.391 billion, up 77.23% year on year.
  • • Electric scooter revenue reached RMB 296 million, up 15.24%.
  • • Electric bicycle revenue reached RMB 126 million, up 110.02%.
  • • GOTRAX has sold more than 1 million electric mobility products cumulatively.
  • • It has received more than 15,000 positive reviews from third-party platforms.

In terms of channels, GOTRAX products are sold online through Amazon and Walmart, and offline through retailers such as Target, Dunham’s, and Academy Sports. It also continues to build awareness on social platforms such as TikTok, Instagram, and YouTube.

These numbers show one thing:

Electric scooters are not a niche toy. They are a big business in global short-distance transportation.

But there is another reality: not every buyer, brand owner, or cross-border seller can build their own factory.

Finding a reliable source factory is the first step to capturing the market.


02 The Global Market Is Set to Double—What Do Buyers Lack Most?

According to data cited by Yien.com:

  • • In 2024, the global electric scooter market was about USD 26.73 billion.
  • • By 2033, it is expected to more than double to USD 55.01 billion.
  • • The compound annual growth rate is 8.35%.
  • • North America is the largest electric scooter market, with a 39% share.
  • • Europe follows, with a 35% share.

The market is growing, and demand is changing.

Europe wants short-distance commuting. The United States wants high performance and social appeal. Emerging markets want durability and value for money. What buyers need is not “just any batch of goods,” but a long-term manufacturing partner.

At this point, a source factory’s production capacity, quality control, management, and customization capabilities become the safety net behind every order.

enrichwheel was built for exactly this kind of demand.


03 Meet enrichwheel: A Source Factory in the Jinhua Industrial Belt

Factory name: enrichwheel
Main products: electric scooters, electric motorcycles, and hoverboards
Factory location: Jinhua, Zhejiang, China—the core industrial zone of the global electric scooter industry belt

As a manufacturing enterprise focused on the R&D and production of electric scooters, enrichwheel builds its core competitiveness through a “hard power + soft power” dual-drive model.

We are not a middleman that only knows how to quote prices.
What we do is deliver every unit to overseas markets—from production and inspection to management.

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EnrichWheel provides electric scooters, electric motorcycles, and self-balancing scooters for mid- and short-distance mobility. WhatsApp:+86-18323228612

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