Dat Bike, a Ho Chi Minh City, Vietnam-based electrical bike startup, raised $8M in funding.
The spherical was led by Jungle Ventures, with participation from Delivery Hero Ventures, GSR Ventures, Wavemaker Partners, and Innoven Capital.
The firm intends to make use of the funds to construct and enhance tech and product, rent throughout gross sales, help, R&D and product groups to handle rising volumes, and put money into capability constructing in its factories.
Led by CEO Son Nguyen, Dat Bike is a expertise startup whose mission is to drive the mass adoption of inexperienced transportation in Vietnam, and, within the close to future, in Southeast Asia. The firm is acknowledged by the Vietnam Ministry of Transportation as the primary domestically made electrical bike. Its newest mannequin Weaver 200 has a spread of 200 km and has a charging time of 1 hour for a 100 km cost and three hours for a full 200 km cost. Most just lately, Dat Bike additionally launched Dat Charge, a quick charging station for two wheelers that reduces charging time by a 3rd, by charging 100 km at an unbeatable 20 minutes.