Dat Bike gets another $8M to put more e-bikes on Vietnam’s roads

Dat Bike is on a mission to put more electric bikes on Vietnam’s roads. The startup said today it has raised $8 million led by returning investor Singapore-based firm Jungle Ventures, just seven months after its first round of funding was announced. GSR Ventures and Delivery Hero Ventures also participated in this round, along with Wavemaker Partners and Innoven Capital.
The new round brings Dat Bike’s total raised to $16.5 million. It will use its new funding on tech and product development, hiring for its sales, support, R&D and product teams, and building more capacity in its factories.

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