Investors up their focus on e-bike models

Local and foreign investors are bolstering their electric two-wheeler manufacturing capacity in Vietnam amid rising demand and accelerating electrification.

- By Olivia Bui

Last week, Vietnam electric vehicle (EV) maker Dat Bike garnered $4 million investment from Thien Viet Securities. The fresh funding will be allocated to Dat Bike's key focus areas, including expanding production capacity, strengthening the supply chain, upgrading the distribution system, and strengthening research and development.

Nguyen Thanh Thao, CEO of Thien Viet Securities, said that the trend of green mobility is emerging globally as countries are accelerating emission reduction policies towards net-zero goals.

“Vietnam has over 77 million motorbikes in circulation and approximately three million new motorbikes sold annually, making it one of the largest two-wheeler markets in the world,” Thao said. “In this context, Dat Bike is the pioneering domestic enterprise, with in-house capabilities spanning research, design, and manufacturing. We believe it will continue to expand its scale and encourage the transition to clean energy vehicles in Vietnam.”