With US$22 million in new funding, Dat Bike is fueled to expand manufacturing capacity, scale up the distribution network, including a plan to invest in Thailand, and lead Vietnam’s electric mobility Transition.
Thailand: Dat Bike, Vietnam’s leading electric motorbike startup, today announced it has secured US$22 million in its latest Series B funding round, more than doubling the size of its total capital to US$47 million.
The round was led by F.C.C, a Tokyo stock exchange-listed company and Rebright Partner, a Japan-based venture capital firm. Another notable participant was Jungle Venture, one of Southeast Asia’s premier venture capital firms with over US$1 billion in assets under management and a long-standing backer of Bike.
New investors also participated in this round, including Cathay Venture, the investment arm of one of Taiwan’s largest financial holding companies, along with AiViet Venture, a venture capital firm focusing on technology or healthcare startups, backed by industry leaders from FPT, MoMo, Galaxy, and Kyber Network.
This announcement comes at a time when Vietnam’s electric two-wheel sector is on the cusp of transformation, backed by strong government support for green mobility and the global push toward decarbonization – such as the ban of all fossil fuel-powered motorbikes from Hanoi’s inner-city starting in July 2026. Dat Bike’s growth reflects not only a significant business achievement, but also enables the company to make meaningful contributions to the country’s transition to a more sustainable and environmentally friendly future.
“This milestone marks a new chapter for Dat Bike. With the solid backing of world-class investors, we now have the momentum to accelerate growth and bring green transportation to millions of people in Vietnam and beyond,” affirmed Son Nguyen, CEO of Dat Bike. “Our strong product focus and deep integration with the local supply chain enable us to continuously innovate and build bikes that rival ICE motorcycles in both performance and range. This principle is the foundation for developing Vietnam’s EV ecosystem and driving the broader transformation of mobility across Southeast Asia.”
A New Era of Growth
With the new funding, Dat Bike will be scaling its manufacturing capacity through facility expansion, advanced tooling, and automation, to boost production capabilities to meet surging demand, and better serve the tens of thousands of riders who depend on its bikes for sustainable, reliable, and accessible mobility.
The funding will also aid in accelerating Dat Bike’s continued research and development (R&D) to advance core technologies, and widen its portfolio with the next generations of electric motorcycles. Dat Bike’s online and offline retail networks and customer service infrastructure will also be further enhanced to deliver a more seamless and personalized customer experience.
Additionally, partnerships with ride-hailing platforms and financing providers will be deepened, enabling a more accessible and convenient transition to sustainable transportation for riders across Vietnam. Most notably, the funding round also saw F.C.C. and Dat Bike forming a strategic partnership to advance the adoption of cleaner, electric vehicles.
“Dat Bike is a leading Vietnam-based startup that develops, manufactures, and sells electric motorcycles, and is expected to achieve significant growth in the ASEAN market. Sharing strong synergy with the medium- to long-term vision, we have entered into this alliance as strategic partners in the ASEAN region,” said an F.C.C. spokesperson.
“Through this partnership, in addition to providing electric core components, both companies will contribute to the realization of a sustainable mobility society by responding to local needs and solving social issues, by leveraging the value provided to customers, operation systems, and the supply chain that we have built as a global market leader through our core clutch manufacturing business.”
Vietnam’s fastest-growing electric motorbike producer
Founded in 2019, Dat Bike has quickly emerged as Vietnam’s leading high-performance, affordable EV brand, setting a new benchmark for performance-to-price ratio across Southeast Asia. Dat Bike differentiates itself from competitors in the e-vehicle market that rely on imports by building a robust domestic supply chain and extensive in-house R&D. This includes everything from chassis and plastic fairings, to motor controllers, battery packs, and the full software stack.
Dat Bike’s high level of vertical integration gives it tighter control over quality and costs, enabling superior performance at an affordable price, a critical factor to compete head-to-head with internal combustion engine (ICE) motorcycles. Trusted by tens of thousands of riders, its bikes deliver sustainable and accessible mobility at scale.
Regional momentum: opportunities for Thailand
Southeast Asia’s growing urbanization and government push toward sustainable transportation are creating new opportunities beyond Vietnam, with Thailand emerging as a regional hub for electric mobility. Backed by strong policies supporting EV adoption and investment in clean energy infrastructure, Thailand’s potential is underscored by its large two-wheeler market, projected at 1.71 million units in 2024. While electric motorcycles currently account for only about 1% of this market, adoption is showing steady growth in line with the government’s EV 3.0 policy, which actively promotes electric mobility. Incentive programs such as EV3.0 and EV3.5—offering tax breaks, subsidies, cash grants, and import duty and excise tax reductions—are helping accelerate this transition, presenting immense opportunities for Dat Bike’s future expansion and collaboration.
