Dat Bike receives an additional $8 million to deploy more e-bikes on Vietnam's roadways.
Dat Bike was founded in 2018 by Son Nguyen, who figured out how to fabricate bikes from scrap while functioning as a computer programmer in Silicon Valley.
Dat Bike is determined to put more electric bikes on Vietnam's streets. The startup said today it has raised $8 million driven by returning financial backer Singapore-based firm Wilderness Adventures, only seven months after its most memorable round of subsidizing was reported. GSR Adventures and Conveyance Legend Adventures likewise took part in this round, alongside Wavemaker Accomplices and Innoven Capital.
The new round presents to Dat Bike's absolute raised to $16.5 million. It will utilize its new subsidizing on tech and item improvement, employing for its deals, support, Research and development and item groups, and building greater limit in its plants.
Dat Bike was founded in 2018 by Son Nguyen, who figured out how to fabricate bikes from scrap while functioning as a computer programmer in Silicon Valley. The company expresses that throughout recent months, its income has become 10x.
Its bikes are sold through three stores in Ho Chi Minh City, Hanoi and Da Nang, with additional stores arranged. It will grow to Quang Ninh, Hai Phong, Nha Trang, Binh Duong and Can Though throughout the following couple of months.
Dat Bike is likewise accessible through web-based channels and stores, with plans to get a quick criticism circle to speed up advancements and improvements in each arrival of its items. Dat Bike is likewise accessible in every one of the three locales of Vietnam now.
Dat Bike's client technique is to initially convey an e-bike with great after deals administration, Nguyen said, and its objective is to convert fuel bike clients to electric.
Dat Bike guarantees that its freshest model, the Weaver 200, has a scope of 200 kilometers compared to 50 kilometers for most other electric bikes, and a charging season of one hour for 100 km and three hours for an entire 200 km charge, compared to 6 to 8 hours for other e-bikes.
The startup as of late sent off Dat Charge, a charging station for its bikes, which it says decreases charging time by a third. Dat Charge is presently accessible in the middle Ho Chi Minh City, with plans to grow it cross country over the course of the following couple of years.
In an explanation about Wilderness Adventures' speculation, VP My Tran said, "This is our third interest in Dat Bike and we continue to be flabbergasted by the unbelievable execution by the group. The development is demonstration of the electric future that Child is working with Dat Bike."