Singapore startup Charged aims to sell 2 million electric motorcycles a year
Derryn Wong
SINGAPOREAN startup Charged plans to sell 10 million electric motorcycles (e-motos) in the region over the next 10 years, ramping up to annual sales of two million units by the end of that period, said co-founder Joel Chang.
While Indonesia is its biggest market today, the company aims to take its bikes further in South-east Asia and beyond, he said in an interview with The Business Times (BT).
Founded in March 2022, Charged has three bike models so far, with its zero-emissions production facility having delivered “more than 1,000 motorcycles” to clients in Indonesia, Malaysia and Vietnam.
TRENDING NOW
China narrows AI gap with US as open-source shift could hit valuations: George Yeo
‘So little’?: Why critics of Temasek’s 10.5% returns in a bull run are getting it wrong
Samsung, SK Hynix and leveraged ETFs drive 70% of Korea trading, drawing criticism
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects