Dat Bike is a technology company.
Dat Bike has raised $38.0M across 4 funding rounds.
Dat Bike has raised $38.0M in total across 4 funding rounds.
Dat Bike is a Vietnamese startup founded in 2019 that designs and manufactures electric motorcycles, focusing on green transportation with domestically produced key components like batteries, motors, and controllers to match gasoline bike performance while reducing emissions.[1][2][3] It serves urban commuters in Vietnam seeking affordable, high-power e-bikes (e.g., Weaver and Quantum models) that solve pollution from the country's 50+ million gasoline motorbikes, offering 3x the power (5 kW vs. 1.5 kW) and 2x the range (100 km vs. 50 km) of typical competitors.[2][3][4] The company has raised $19.9M total, including a $5.3M Series A in 2022 and recent $4M, fueling 4,000% revenue growth, 35% monthly sales increases, and expansion via direct-to-consumer sales and stores in major cities.[1][2][3]
Dat Bike was founded in 2019 by Nguyễn Bá Cảnh Sơn (also Nguyen Ba Cang Son), a software engineer with awards in technology and experience at Google, Uber, and Facebook in Silicon Valley.[2][4] Sơn noticed Vietnam's motorbike culture—deeply embedded yet polluting the air—and envisioned electric alternatives with comparable power to promote a green lifestyle, inspiring him to leave his U.S. job and return home.[2][3][4] Early traction came from appearing on *Shark Tank Vietnam* for investor feedback, launching the Weaver model (recognized by Vietnam's Ministry of Transportation as the first domestic e-bike), and vertical integration with 80% local suppliers to cut costs.[2][3] Pivotal funding rounds, like $2.6M from Jungle Ventures, Wavemaker Partners, Hustle Fund, and iSeed Ventures, accelerated growth toward leading Vietnam's $8B two-wheeler market and Southeast Asia's $25B opportunity.[1][2]
Dat Bike rides the global EV two-wheeler boom, targeting Vietnam's massive gasoline motorbike dominance amid rising environmental awareness, urbanization, and government pushes for green transport.[1][2] Timing aligns with Southeast Asia's $25B market growth, fueled by falling battery costs, tech advancements in controllers/motors, and policies favoring domestic EV production—positioning Dat Bike as a pioneer against imports from China/India.[2][3][4] It influences the ecosystem by proving local innovation viability (e.g., ministry recognition), inspiring Vietnamese engineering talent, reducing import reliance, and accelerating "greening" of urban mobility in pollution-choked cities.[2][3]
Dat Bike's momentum—recent funding, factory in Ho Chi Minh City, and product upgrades like Weaver 200/Quantum—positions it to dominate Vietnam's e-motorbike shift and expand Southeast Asia.[1][2][5] Battery tech investments, app enhancements, and store growth will counter range anxiety, while trends like cheaper lithium cells and EV subsidies propel scaling.[3] Its influence may evolve from local disruptor to regional leader, potentially exporting "Made in Vietnam" tech and reshaping two-wheeler norms, fulfilling Sơn's vision of pollution-free streets without sacrificing the motorbike soul central to Vietnamese life.[2][4]
Dat Bike has raised $38.0M in total across 4 funding rounds.
Dat Bike's investors include Jungle Ventures.
Dat Bike has raised $38.0M across 4 funding rounds. Most recently, it raised $22.0M Series B in September 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2025 | $22.0M Series B | Jungle Ventures | |
| Nov 1, 2022 | $8.0M Venture Round | Jungle Ventures | |
| Apr 1, 2022 | $5.0M Series A | Jungle Ventures | |
| Apr 1, 2021 | $3.0M Seed | Jungle Ventures |