Southeast Asia’s electric electric two-wheeler market is rapidly expanding and is driven by urbanisation, growing environmental awareness, and a push for sustainable transportation solutions.
Increasing traffic congestion and pollution in cities like Jakarta, Bangkok, and Manila push governments and consumers toward eco-friendly alternatives. Electric two-wheelers are seen as efficient, affordable, and flexible solutions for short-distance travel, especially for last-mile connectivity.
Many Southeast Asian governments, including Singapore, Thailand, and Vietnam, offer incentives, subsidies, and infrastructure development to promote electric vehicles (EVs). These initiatives align with broader goals to reduce carbon emissions and improve air quality.
In this feature, we bring you a list of Southeast Asia’s ten prominent two-wheeler startups.
Beam
Beam is an app-based electric kick-scooter-sharing platform. The mobile app enables users to locate, book, and unlock scooters. It offers variant payment options, non-deposit rides, etc.
Also Read: After growth and profitability, this is what Beam is looking forward to achieving in 2023
Location: Singapore
Founding year: 2018
Total funding raised: US$135 million
Investors: Affirma Capital, EDBI, RTP Global, AC Ventures, Momentum Ventures, Hana Ventures, ICT Capital, Peak XV Partners, Redbadge Pacific, Right Click Capital, Cherubic Ventures, AppWorks, Founders Fund, Zhen Fund, Maloekoe Ventures, K2 Global, Pascal Capital, Arbor Ventures, Insignia Ventures Partners, Class 5, 500 Vietnam, Gobi Partners, Tekton Ventures, RISE, Innoven Capital, Blue Ivy Ventures, MDI Ventures, Alumni Ventures, ABC Partners, Kirin Adams, Ataria Ventures, Partech Partners, West Quad Ventures, Light Ray Ventures.
Neuron Mobility
It is an app-based rental platform for electric kick scooters and bicycles. Riders scan QR codes on the Neuron Mobility app to unlock the vehicle. They can make online payments and end the trip by clicking a photo of the scooter parked at a designated station.
Location: Singapore
Founding year: 2016
Total funding raised: US$81 million
Investors: GSR Ventures, EDBI, Square Peg Ventures, GSR Ventures, SeedPlus, SEEDS Capital, Siri Ventures, ACE Capital Group, 500 Global, Genesis Ventures, XA Network.
ALVA
ALVA designs, develops, and manufactures electric scooters with features like Bluetooth connectivity. The app also allows users to visualise the scooter in augmented reality.
Location: Indonesia
Founding year: 2021
Total funding raised: US$49 million
Investors: Horizons Ventures, Indika Energy, Brama One Ventures, Foxconn Co-GP Fund, Standard Chartered, Alpha JWC Ventures.
MAKA Motors
It manufactures electric motorcycles. It prioritises local engineering and craftsmanship in its manufacturing process. The platform is focused on conducting research and development.
Also Read: Former Gojek top execs’ e-motorcycle startup MAKA Motors closes a massive US$37.6M seed round
Location: Indonesia
Founding year: 2022
Total funding raised: US$37.6 million
Investors: AC Ventures, East Ventures, SV Investment, Northstar Group, Skystar Capital, Peak XV Partners, Openspace Ventures, Shinhan Venture Investment, Beenext, Kinesys Group, MVP, AlfaCorp, Provident Capital Partners.
ION Mobility
It develops electric motorcycles. The company designs and develops electric motorbikes with features like a TFT display, an integrated battery pack, and a keyless start.
Location: Singapore
Founding year: 2019
Total funding raised: US$31.3 million
Investors: TVS Motor Company, TNB Aura, Quest Ventures, Monk’s Hill Ventures, Village Global, GDP Venture, AC Ventures, SEEDS Capital, 500 Global, AngelCentral, kipleX, Plug and Play Tech Center, Aura Ventures.
Dat Bike
It manufactures electric motorbikes. The company developed the Weaver model, which features a lithium-ion battery, an 80 kmh speed range, a hydraulic braking system, and more. It also provides a mobile app for connecting to the motorbike.
Location: Vietnam
Founding year: 2018
Total funding raised: US$16.5 million
Investors: Jungle Ventures, GSR Ventures, Wavemaker Impact, Innoven Capital, Delivery Hero Ventures, iSeed, Hustle Fund.
Scorpio Electric
Scorpio Electric is a manufacturer of electric two-wheelers. It develops models with power balancing, optimum maintenance, integrated drive train, and single swing arm. The company also offers an AI-enabled mobile application with features like battery usage analytics, remote anti-theft, charging station location, etc.
Location: Singapore
Founding year: 2017
Total funding raised: US$16.35 million
Investor: EuroSports Global.
Mober Technologies
A provider of electric fleet-based last-mile delivery services, the platform offers technology-driven logistics services with shipping, AI-optimised route planning, booking solutions, and more. Its tracking feature allows users to track and monitor delivery progress in real time.
Also Read: The great EV transition: Is Asia ready?
Location: The Philippines
Founding year: 2016
Total funding raised: US$10 million
Investors: Clime Capital Management, Rtheptagonholdings, 2GO Group, Index Partners.
Charged
A manufacturer of electric motorcycles with state-of-the-art high-capacity LI-ION batteries and unique wheel drive.
Location: Indonesia
Founding year: 2021
Total funding raised: US$7.7 million
Investors: Vmoto Soco, DeClout.
SCOOTA
SCOOTA is a customisable app-based electric kick scooter rental platform available in select cities of Thailand. Users can find and locate nearby available SCOOTA stations and reserve scooters. They can unlock reserved vehicles by scanning the QR code rental app and using the scooters for the ride.
Location: Thailand
Fandunding year: 2008
Total funding raised: US$5.7 million
Investor: Alpha Founders Capital.
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Image Credit: 123RF.com.
Data courtesy: Tracxn.
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