Dat Bike Secures $22M to Compete in Vietnam's EV Motorbike Market

Vietnamese electric motorbike manufacturer Dat Bike has successfully secured $22 million in new funding, positioning itself to compete with established industry giants like Honda Motor Co. and Yamaha Corp. The company operates within Vietnam, a market recognized as one of the fastest-growing globally and currently the third-largest for two-wheel electric vehicles. According to Dat Bike's CEO and Founder, Nguyen Ba Canh Son, this recent capital infusion will be strategically allocated to expand manufacturing capacity, enhance market presence, and drive the development of innovative new products. Established in 2019 by Son, a former Silicon Valley engineer, Dat Bike is actively scaling its operations to address the increasing demand for electric vehicles within Vietnam.