Dealflow | April 20, 2021

Vietnamese e-motorbike venture Dat Bike secures $2.6 million

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, April 20 – Motorcycles and scooters are the main form of transport in Vietnam’s cities, and the main source of toxic air pollution. Adoption of cleaner, electric versions is surging, thanks to a growing number of affordable options from China, Japan and Vietnam’s own manufacturers.

Ho Chi Minh City-based Dat Bike’s model costs roughly 40,000,000 Vietnamese dong ($1,730)—less than other locally made models. The company is eying expansion to neighboring countries.

Its pre-Series A raise was backed by Jungle Ventures.

Dat Bike’s e-motorcycle and e-scooter competitors in Vietnam include Vinfast, part of the automotive conglomerate VinGroup, as well as PEGA and Son Ha Group.

In Rwanda, Kigali-based Ampersand raised $3.5 million this month to boost adoption of e-motorcycles, while in India, Gurgaon-based Oye Rickshaw raised $3.3 million for its electric-rickshaw ride-hailing service.