Electrifying! SLEEK EV is an IoT-enabled electric scooter manufacturer that operates in Thailand. 

Now, they’ve just raised a $8.5M Series A. 

Investor check. KYMCO Capital led the round, with earlier participation from January Capital, Krungsi Finnovate, and ORZON Ventures. 

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🇹🇭 It’s SLEEK

SLEEK manufactures three types of electric motorcycles designed for urban riding. 

But they don’t just make vehicles; they also offer a comprehensive ecosystem solution, from manufacturing and charging infrastructure to integrated software. 

• Their tech stack includes IoT-equipped scooter hardware that syncs with a mobile app. 

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🏍️ What’s next? 

SLEEK is preparing to accelerate their expansion across Thailand and position the country as SEA’s electric motorcycle hub. 

• The fresh capital will enable SLEEK to scale up production capacity and accelerate product research and development by delivering AI software and agents. 
• Oh, and they’ll also add more EV S-Charge stations by more than seven times. 

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🔗 Partnered up 

They’ll also continue to create new partnerships with dealers and national regulatory bodies. 

• They’re doing this to build greater mindshare and increase product deliveries, and to set a new standard for regional charging and battery swapping for electric motorcycles.