EVs for B2B. Make way, Vietnam's Selex Motors just raised a $3M convertible note!
Investor check. ADB Ventures, Schneider Electric Energy Access Asia, Touchstone Partners and Sopoong Ventures joined in!
🤔 Why it matters
Designing the optimal EV-powered system for last-mile logistics isn't just great for the environment — it'll help lower operations costs too.
The difference? EVs and battery solutions for commercial applications (think Grab deliveries) require longer-lasting EVs and easy access to fast-charging batteries.
⚡️ What they do
Made just for you. They design and manufacture their own two-wheeler EVs.
Low battery? They have battery-swapping solutions that let riders charge up with enough for another 150km — in as fast as 2 minutes.
🔜 What's next?
They'll be expanding their production lines and pushing EV sales. Plus, they'll be setting up more battery-swapping systems in Vietnam and looking at regional expansion!
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