Thien Viet Securities (TVS) announced a 4 million USD investment in Dat Bike, a Vietnamese electric motorcycle manufacturer. This investment is part of Dat Bike's Series B funding round.

The funds will be allocated to Dat Bike's key areas, including expanding production, optimizing the supply chain, upgrading the distribution system, and strengthening research and development (R&D) capabilities. According to TVS, reinforcing these operational foundations helps Dat Bike prepare better for its regional market expansion plan in the next phase. Beyond financial resources, Thien Viet Securities will also support Dat Bike with management consulting, developing growth plans, optimizing its value chain, and connecting with capital markets to enhance operational efficiency and long-term growth potential.

Nguyen Thanh Thao, general director of TVS, noted that the global trend of green mobility is clearly emerging as countries advance emission reduction policies towards net zero targets by 2050. With over 77 million motorcycles in circulation and about 3 million new units sold annually, Vietnam stands as one of the world's largest two-wheeler markets.

"Dat Bike is a domestic enterprise, self-reliant in technology from research and design to production. We are confident they will continue to expand and accelerate the transition to clean energy vehicles in Vietnam," Thao stated.

Nguyen Ba Canh Son, founder and CEO of Dat Bike, shared that TVS's investment provides financial resources, enabling them to accelerate production expansion, diversify products, and enhance service scale and quality, making a practical contribution to the nation's net zero journey. "This also affirms confidence that Vietnamese technology can conquer international markets in general, and our company's growth strategy in particular," he added.

Nguyen Ba Canh Son, founder and CEO of Dat Bike. *Photo: Dat Bike*

Thien Viet Securities has operated as a specialized investment bank since 2006, primarily focusing on capital investment, asset management, and mergers and acquisitions (M&A) advisory. TVS is prominent in advisory, with notable deals such as Diana - Unicharm, CII - Metro Pacific, Nam Long - Goldman Sachs/IFC, and recently Qualcomm - VinAI. In private equity, TVS currently invests 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. The company aims to replace gasoline motorcycles in Vietnam and neighboring markets with high-performance, affordably priced electric motorcycle models for urban users. Dat Bike states it employs a model that minimizes reliance on imported components. To meet market demand, the company's production capacity has increased fivefold in the past two years, and its store network has reached major cities nationwide. It expects to have 100 stores this year.

Tat Dat