This investment marks a significant milestone in Dat Bike’s journey, enabling the company to double its production capacity through infrastructure expansion, tool optimization, and increased automation. To date, Dat Bike has raised over $25 million in funding.
Dat Bike is a Vietnamese electric motorcycle manufacturer with a vertically integrated system, controlling the entire production process from research and development to vehicle assembly. According to Dat Bike, more than 90% of their components are manufactured domestically. Currently, Dat Bike offers four electric motorcycle models to the market, including the Quantum, Weaver++, Weaver 200, and Weaver.
Dat Bike’s electric motorcycle manufacturing facility in Ho Chi Minh City
The $4 million loan from InfraCo Asia is expected to catalyze the deployment of over 30,000 electric motorcycles in the next two years, with the potential to reduce emissions by nearly 26,000 tCO2e per year and significantly contribute to Vietnam’s carbon emission reduction efforts. This transaction is also expected to create 30 short-term and 29 long-term jobs, with a focus on gender diversity, with 24% of these positions expected to be filled by female talent. This initiative aligns with two of the United Nations Sustainable Development Goals, SDG 11 – Sustainable Cities and Communities and SDG 13 – Climate Action.
Karen Tsang-Hounsell, Investment Director at InfraCo Asia, underlined the strategic importance of this partnership: “Providing growth capital to operating companies to support climate action is part of our PIDG 2030 Strategy, which aims for sustainable development in emerging markets in Asia and Africa.
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