Dat Bike motorbike. (Photo: VNA) HCM City (VNS/VNA) – Dat Bike, a Vietnamese technology start-up that plans to make electric motorbikes, has raised 2.6 million USD in a pre-series A funding from Singapore's Jungle Ventures , Wavemaker Partners , Hustle Fund, and iSeed Ventures. Electric motorbikes are usually weak and have a low range, delivering only half the performance of a petrol bike. But Dat Bike claims its Weaver can rival petrol bikes in power and range, its 5,000W motor helps accelerate from 0 to 50km/h in just three seconds, its charging time is the fastest in the country at just under three hours, and its brake mechanism is tailored to the traffic situation in Vietnam. Song Nguyen, founder and CEO of Dat Bike, said: "We want to transform the 250 million gasoline bikes in Southeast Asia into electric vehicles. We believe that if given a choice everyone would pick electric over gas. It is just that the current electric motorbikes in the market lag behind in power and range, making it difficult for people to make the switch. "The fresh funds will allow us to continue to innovate and create the most compelling electric motorbikes for Southeast Asia and the… Read full this story
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