What is Dat Bike?
Founded in 2018, Dat Bike is at the forefront of Vietnam's burgeoning electric vehicle market. The company designs and manufactures electric motorbikes, aiming to provide a sustainable and accessible alternative to traditional gasoline-powered vehicles. Its flagship model, the Weaver, is engineered to meet the demands of daily commuting while minimizing environmental impact. Beyond its core vehicle offerings, Dat Bike also provides a range of accessories, including tank bags, mudguards, helmets, and LED lights, to enhance the rider experience. Headquartered in Thủ Dầu Một, Binh Duong, Dat Bike is strategically positioned to capitalize on the increasing demand for green mobility solutions in the region.
How much funding has Dat Bike raised?
Dat Bike has raised a total of $15.9M across 3 funding rounds:
Other Financing Round
$2.6M
Series A
$5.3M
Other Financing Round
$8M
Other Financing Round (2021): $2.6M with participation from Wavemaker Partners, Jungle Ventures, Hustle Fund, and iSeed Ventures
Series A (2022): $5.3M led by Jungle Ventures and Wavemaker Partners
Other Financing Round (2022): $8M supported by Wavemaker Partners, GSR Ventures, Jungle Ventures, and Innoven Capital
Key Investors in Dat Bike
Wavemaker Partners
Wavemaker Ventures is a leading early-stage venture capital firm in Southeast Asia, focusing on investments in Enterprise, Deep Tech, and Sustainability startups that address significant regional challenges. With over 200 companies in its portfolio and more than $500 million in assets under management, the firm aims to empower innovative solutions that contribute to the UN Sustainable Development Goals.
Jungle Ventures
Jungle Ventures is one of Southeast Asia's largest independent venture capital firms that invests in early and growth-stage startups in Southeast Asia and India, building sustainable, scalable businesses to last.
GSR Ventures
GSR Ventures is a venture capital firm that invests in early-stage technology companies, particularly in the areas of enterprise software, artificial intelligence, and advanced manufacturing.
What's next for Dat Bike?
The recent major strategic investment signals a pivotal phase for Dat Bike, likely enabling significant expansion of its manufacturing capabilities, research and development efforts, and market reach. This influx of capital is expected to fuel the company's growth trajectory, potentially allowing for the scaling of operations to meet rising consumer demand and further solidify its position as a leader in the electric motorbike sector. Dat Bike's focus on sustainability and innovation positions it well for continued success in the evolving automotive landscape.
See full Dat Bike company page
