‍Dat’s a win! Vietnam’s Dat Bike develops cost-effective and high-performance two-wheeled electric vehicles (EVs. And now, they’ve just raised $4M. 

• Dat Bike raised a $22M Series B last year.

Investor check. They received the capital from Thien Viet Securities Joint Stock Company.

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📈 Tracing Dat Bike’s growth

In 2025, Vietnam was SEA’s 2nd-largest EV market, after Thailand.

This is in part due to the country’s commitment to achieving 100% EV adoption by 2050. 

• Founded in 2019, Dat Bike’s market initially consisted of tech early adopters and eco-conscious consumers. 
• But today, they’re casting a wider net and appealing to the everyday commuter.

How, exactly? Dat Bike is prioritizing the opening of physical stores to boost customer trust. They said that they are opening one store a week to strengthen their national footprint. 

In the real world. DatBike’s raise comes at a time when global oil prices have spiked because of tensions in the Middle East. 

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🏍️ Vroom vroom

The capital will expand production, strengthen their supply chain, scale distribution, and boost research and development.