Vietnam Startup Seeks Slice of Third-Largest EV Motorbike Market
Vietnamese electric motorbike startup Dat Bike has secured $22 million in funding to expand its presence in the third-largest electric two-wheeler market globally. The company aims to challenge established players like Honda and Yamaha in this rapidly growing sector. Dat Bike's electric motorbikes are designed for urban commuters, offering features like fast charging and long battery life. The startup plans to use the new investment to scale its production capacity, improve its technology, and enhance its distribution network across Vietnam. The electric two-wheeler market in Vietnam has seen exponential growth in recent years, driven by increasing environmental awareness and government incentives. Dat Bike's funding round underscores the potential for local startups to make inroads in this competitive landscape, as consumers seek more sustainable and innovative mobility solutions.
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