Oyika raising US$100m to roll out greener rides in Asean

Singapore startup to offer leases on battery packs, bundling these with e-bike subscriptions. It also aims to bring power to those off the grid with those same battery packs

Angela Tan

Published Thu, Apr 1, 2021 · 05:50 AM

Electric vehicles

Singapore

OYIKA wants to pull off the electrification of mobility in South-east Asia, specifically by bundling subscriptions to electric motorbikes with fully-charged battery packs that power these bikes.

The Singapore venture-funded company is raising US$100 million in its drive to persuade cities with teeming numbers of petrol-guzzling, carbon dioxide-spewing motorbikes to make the switch to a greener ride.