Vietnamese electric motorbike startup Dat Bike raises $2.6 M led by Jungle Ventures
Dat Bike, a Vietnamese start-up with aspirations to end up being the top electrical motorcycle business in Southeast Asia, has actually raised $2.6 million in pre-Series A funding led by Jungle Ventures. Made in Vietnam with mostly domestic parts, Dat Bike’s selling point is its capability to take on gas motorbikes in terms of pricing and efficiency. Its […] Nguyen said that Dat Bike provides 3 times the performance (5 kW versus 1.5 kW) and 2 times the variety (100 km versus 50 km) of most electric motorbikes in the market, at the same cost point.”These guys are contending with each other to put the emerging middle class of Vietnam on the digital monetary market for the very first time ever and as an outcome, we get a very favorable rate,”he stated. One of Dat Bike’s benefits is that its bikes are established in home, with locally-sourced parts.”There are also big tax benefits for being local, as import tax for bikes is 45% and for bike parts varying from 15% to 30%,” stated Nguyen. …
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