Electric motorcycle startup Dat Bike raises $22M to fund expansion

By Vien Thong September 18, 2025 | 07:23 pm PT

Startup Dat Bike has raised US$22 million in a Series B funding round, positioning itself to benefit from new government incentives to promote electric motorcycle manufacture.

The round was led by F.C.C, a company listed on the Tokyo Stock Exchange, and included Japan- and Singapore-based Rebright Partners and Southeast Asia-focused Jungle Ventures. It takes Dat Bike’s total funding so far to $47 million.

An assembly line of Dat Bike. Photo courtesy of the company

CEO Nguyen Ba Canh Son said the money would go toward research and development and expanding the product lineup.

"With a product-centric approach and deep integration with the local supply chain, we are continuously innovating to create motorbikes with performance on a par with internal combustion engine vehicles."

Dat Bike will also strengthen its distribution network, enhance sales and after-sales service, and strengthen partnerships with ride-hailing platforms and financial service providers to increase market access.

Founded in 2019, Dat Bike rapidly became a leading domestic high-performance electric motorbike brand with its flagship Quantum S-series. It increased production capacity fivefold in 2024, and its showroom network in major cities.

F.C.C representatives described Dat Bike as a "standout Vietnamese startup" in the development, manufacturing and distribution of electric motorbikes with strong growth potential across Southeast Asia.

The electric vehicle industry is gaining momentum as authorities push ahead with green mobility plans.

From July 2026 Hanoi will ban gasoline-powered two-wheelers inside Ring Road No. 1, which passes through the downtown area, including the old quarter. The ban will be expanded to other parts of the city in 2028 and 2030.

Ho Chi Minh City has not yet announced a timeline to restrict gas-powered motorbikes but is studying plans to prioritize green vehicles, including limits in the downtown area, Can Gio and Con Dao Island.

The electric motorbike market has both domestic and Chinese brands. The former include VinFast, Dat Bike, Selex Motors, and Pega, while China’s Yadea, the world’s largest electric two-wheeler producer, entered Vietnam in 2019. Recently legacy brands such as Yamaha and Honda have also launched electric models.