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bet88Vietnamese electric motorbike startup Dat Bike raises mln
New funds bet88 go bet88 a host of measures bet88 further promote its business activities.
Local electric motorbike startup Dat Bike has announced it secured million in a fundraising round led by the Singapore-based Jungle Ventures on November 24. GSR Ventures and Delivery Hero Ventures also participated, along with Wavemaker Partners and Innoven Capital.
This brings Dat Bike total fundraising bet88 .5 million. It intends bet88 use the new funds bet88 build and improve technology and products, hire staff in sales, support, R&D, and product teams bet88 manage growing volumes, and invest in capacity building at its factories.
“We are incredibly proud of the progress we have made so far, and we continue bet88 strive bet88 make electric vehicle performance on par or better than gasoline,” said Mr. Son Nguyen, Founder and CEO of Dat Bike. “With these new funds, we will be able bet88 invest in building top-of-the-line manufacturing capabilities, scale up production efficiently, and continuously improve our products for customers in Vietnam and beyond.”
Going forward, Dat Bike will increase its factory capacity bet88 meet rising demand, with plans announced bet88 expand beyond Ho Chi Minh City, Hanoi, and Da Nang bet88 other major cities and provinces such as Quang Ninh, Hai Phong, Nha Trang, Binh Duong, and Can Tho. It is now preparing bet88 launch its latest model.
Ms. My Tran, Vice President of Jungle Ventures, that this its third investment in Dat Bike and it continues bet88 be amazed by the team’s incredible execution. The startup’s growth is testament bet88 the electric future Mr. Son is building. “We are confident that Dat Bike will lead the transformation bet88 green transportation, not only in the region but also globally,” she said.
Similarly, Mr. Brendon Blacker, Managing Partner of Delivery Hero Ventures, said it is excited bet88 support Mr. Son and the Dat Bike team on their mission bet88 electrify the two-wheeler industry, which is estimated bet88 be worth billion in Southeast Asia.
Dat Bike has continually demonstrated industry-leading innovation that has enabled it bet88 compete with gasoline motorbikes both in terms of price and performance. “The company’s mission resonates strongly with Delivery Hero’s ambitions bet88 electrify its delivery fleet and create a more sustainable delivery industry,” Mr. Blacker said.
