HCMC – Vietnamese electric motorcycle company Dat Bike has secured a US$4 million investment from Thien Viet Securities (TVS) as part of its Series B funding round.
The newly raised capital will be utilized to scale up production, optimize supply chains, upgrade distribution networks, and bolster Research and Development (R&D) activities. Beyond capital, TVS will provide strategic advice on corporate governance, value chain optimization, and capital market connectivity to enhance Dat Bike’s long-term growth.
Nguyen Ba Canh Son, founder and CEO of Dat Bike, said the investment from TVS provides not only financial resources but also strategic support in growth and corporate governance. The new capital will be used to scale up production, diversify products and enhance service quality.
Meanwhile, according to Nguyen Thanh Thao, CEO of TVS, the shift toward low-emission transportation is accelerating globally as countries push for Net Zero targets by 2050. With over 77 million motorcycles currently in circulation in Vietnam and approximately three million new units sold annually, the market offers significant potential for clean energy mobility solutions.
Founded in 2019, Dat Bike aims to replace gasoline motorcycles with high-performance electric models. The company has quintupled its production capacity over the past two years and plans to expand its 3S store network to 100 locations this year.
