Thien Viet Securities Company (TVS) has just announced an investment of 4 million USD in Dat Bike, a Vietnamese electric motorcycle manufacturer. This investment is part of Dat Bike’s Series B funding round.
The funds are expected to be allocated to key areas of Dat Bike, including expanding production capacity, improving the supply chain, upgrading the distribution system, and enhancing research and development (R&D) capabilities. According to TVS, strengthening these operational foundations will help Dat Bike better prepare for its plans to expand into regional markets in the next phase. In addition to financial resources, Thien Viet Securities also supports Dat Bike in management consulting, development planning, optimizing the value chain, and connecting with capital markets to enhance operational efficiency and long-term growth potential.
Ms. Nguyen Thanh Thao, General Director of TVS, assesses that the trend of green mobility is becoming increasingly evident globally as countries intensify policies to reduce emissions towards the goal of net-zero emissions by 2050. Vietnam has over 77 million motorcycles in circulation and about 3 million new motorcycles sold each year, making it one of the largest two-wheeler markets in the world.
“Dat Bike is one of the pioneering domestic enterprises, self-sufficient in technology from research and design to production, so we believe they will continue to expand and promote the transition to clean energy vehicles in Vietnam,” Ms. Thao said.
Mr. Nguyen Ba Canh Son, founder and CEO of Dat Bike, shared that TVS’s investment contributes financial resources, helping them accelerate production expansion, diversify products, enhance scale and service quality, and make a practical contribution to the country’s net-zero journey. “This also affirms the belief in technology developed by Vietnamese people to conquer the international market in general and the company’s growth strategy in particular,” he added.
Thien Viet Securities has been operating as a specialized investment bank since 2006, primarily investing capital, managing assets, and providing mergers and acquisitions (M&A) consulting. TVS stands out in the consulting sector with notable deals such as Diana – Unicharm, CII – Metro Pacific, Nam Long – Goldman Sachs/IFC, and recently Qualcomm – VinAI. In the private investment sector, TVS is investing in startups such as MoMo, NamiTech, Galaxy Entertainment & Education, Finhay, and Citics.
Dat Bike is one of the first domestic electric motorcycle companies in the market. This enterprise aims to replace gasoline motorcycles in Vietnam and neighboring markets with high-performance electric motorcycles at reasonable prices for urban users. Dat Bike claims to have a model that minimizes dependence on imported components. To meet market demand, the company’s production capacity has increased fivefold over the past two years, and its store network has reached major cities across the country, with plans to have 100 stores this year.