OMOWAY is OTW to Indonesia. This Chinese-founded mobility startup recently announced that they’ve completed their consecutive Series A and Series A+ rounds.

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Investor check. Lochpine Capital led the Series A+ round, while Monolith led the Series A round, with CICC Capital and ZhenFund joining as participants. 

• Other investors include Hongshan, RocketsCapital, and Hui Capital.

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Some more detail. The exact amount raised in the two rounds was not disclosed, but it is said that both rounds raised tens of millions of US dollars.

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🏍️ The ABCs of OMOWAY

Founded in 2024, OMOWAY builds smart two-wheeled EVs. 

Its first product is OMO-X, a self-balancing smart motorcycle with digital key access, an automatic side stand, and remote vehicle control.

• The OMO-X vehicles are built on the OMO-ROBOT universal architecture and come in the OMO-X Smart and OMO-X Balance.
• The system uses vision-based perception, high-speed computing, and physical stabilization technology to keep the vehicle balanced — so riders don’t have to!

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🇮🇩 Hey, Indonesia

OMOWAY began delivering its OMO-X model to Indonesia earlier this June. 

• Why Indonesia? After China and India, Indonesia is actually the third-largest motorcycle market in the world.

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Next stop? OMOWAY is planning to expand into Thailand, Singapore, and Europe next.

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