Dat Bike is on an objective to put more electrical bikes on Vietnam’sroads The start-up claimed today it has actually increased $8 million led by returning financier Singapore- based company Jungle Ventures, simply 7 months after its preliminary of financing was revealed. GSR Ventures and also Delivery Hero Ventures likewise joined this round, in addition to Wavemaker Partners and also Innoven Capital.
The brand-new round brings Dat Bike’s complete increased to $16.5 million. It will certainly utilize its brand-new financing on technology and also item growth, employing for its sales, assistance, R&D and also item groups, and also structure more capability in its manufacturing facilities.
Dat Bike was established in 2018 by Son Nguyen, that found out just how to develop bikes from scrap while functioning as a software application designer inSilicon Valley The business states that over the previous year, its profits has actually expanded 10x.
Its bikes are offered via 3 shops in Ho Chi Minh City, Hanoi and also Da Nang, with more shops prepared. It will certainly increase to Quang Ninh, Hai Phong, Nha Trang, Binh Duong and also Can Tho over the following couple of months.
Dat Bike is likewise offered via online networks and also shops, with strategies to obtain a rapid comments loophole to enhance the rate of technologies and also growths in each launch of its items.
Nguyen informed TechCrunch that given that Dat Bike’s last financing round, it has actually scaled its manufacturing capability and also go-to- market groups while proceeding to buy r & d. Dat Bike is likewise offered in all 3 areas of Vietnam currently.
Dat Bike’s consumer method is to initially provide an e-bike with great after sales solution, Nguyen claimed, and also its objective is to transform fuel bike individuals to electrical.
Dat Bike asserts that its latest version, the Weaver 200, has a variety of 200 kilometers contrasted to 50 kilometers for a lot of various other electrical bikes, and also a billing time of one hr for 100 kilometres and also 3 hrs for a complete 200 kilometres cost, contrasted to 6 to 8 hrs for various other e-bikes.
The start-up just recently released Dat Charge, a billing terminal for its bikes, which it states lowers billing time by a 3rd. Dat Charge is presently offered in the facility Ho Chi Minh City, with strategies to increase it across the country over the following couple of years.
In a declaration regarding Jungle Ventures’ financial investment, vice head of state My Tran claimed, “This is our third investment in Dat Bike and we continue to be amazed by the incredible execution by the team. The growth is testament to the electric future that Son is building with Dat Bike.”