top of page

Vietnamese electric motorbike startup Dat Bike raises $2.6M led by Jungle Ventures

The Highlights:

  1. DatBike, a Vietnamese electric motorbike company, raised $2.6M pre-Series A funding led by Jungle Ventures

  2. Made in Vietnam with mostly domestic parts, Dat Bike aims to compete with the traditional gas motorbikes on pricing and performance

  3. The two-wheeler industry in Southeast Asia is a $25 billion market with a potential pool of over 500 million consumers

  4. At the affordable price of 39.9 million Vietnam dong, or about $1,700 USD, Dat Bike’s flagship product Weaver, offers 3 times the performance and 2 times the range of most electric motorbikes in the market

  5. The founder and CEO, Son Nguyen, who began as a software engineer in Silicon Valley, decided to move back to Vietnam in 2018 and launched Dat Bike

A VietChallenge alumni season 2019, Dat Bike, at the time of the competition only had a prototype, now after less than 3 years has successfully raised $2.6M funding from venture capitals led by Jungle Ventures. The founder and CEO Son Nguyen began learning how to build bikes from scrap parts while working as a software engineer in Silicon Valley. In 2018, he decided to move back to Vietnam and launched Dat Bike. In the Southeast Asian region of over 500 million people, more than 80% of households in Indonesia, Malaysia, Thailand, and Vietnam own at least one two-wheeled vehicle, but the majority are fueled by gas motorbikes dominated by Japanese producers with the likes of Honda, Suzuki; Italian giant Piaggio or other Chinese brands.


Read the full article on VietLaunch.

57 views1 comment

1 ความคิดเห็น


Hello,


I'm Luis Osorio and I'm the Chief Financial Officer at Trust Funds Capital. We are a licensed asset management firm and our areas of expertise are debt financing, retirement planning, wealth preservation & investment management.


Do you currently need funding for any project/investment of your interest? or are you interested in learning a new form of alternative investment to earn passive income? We are constantly seeking means of expanding our investment portfolio.


If any of our services interests you and you are willing to engage us for a more detailed discussion, we would be glad to hear from you.


Best regards,


Luis Osorio


Email luis.osorio@trustfundcapital.org/352-888-6668


         luisosorio444@zohomail.com 


Trust Funds Capital Ltd.


2801 SW College Road, Ocala.


Florida 34474


www.trustfundcapital.org


ถูกใจ
bottom of page