Dat Bike Secures $4 Million Loan from InfraCo Asia

Dat Bike, the fastest-growing electric motorbike brand in Vietnam, has received a $4 million convertible loan from InfraCo Asia, a member of the Private Infrastructure Development Group (PIDG).

• Loan Investment: InfraCo Asia’s $4 million loan will allow Dat Bike to double its production capacity by expanding facilities, optimizing tools, and automating processes.

• Vietnam’s EV Leader: As the only electric motorbike manufacturer in Vietnam with full control over its production process, Dat Bike stands out with a vertically integrated system. Over 90% of the components used in their bikes are produced domestically.

• Impact on Emissions: Over the next two years, Dat Bike plans to deploy over 30,000 electric motorbikes, reducing emissions by nearly 26,000 tonnes of CO2 annually, supporting Vietnam’s sustainability goals.

• Strategic Importance: InfraCo Asia’s Karen Tsang-Hounsell emphasized their focus on climate action and sustainable development in emerging markets, with Dat Bike poised to lead the green transportation shift in Vietnam.

• CEO’s Vision: Son Nguyen, CEO of Dat Bike, highlighted the company’s potential to meet the growing demand for electric vehicles and drive the green transportation revolution across the region.

With this loan, Dat Bike is well-positioned to lead Vietnam’s transition to green, efficient, and sustainable transportation.