Dat Bike powers ahead with new $4m investment
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Thien Viet Securities JSC (TVS) has invested $4 million in Dat Bike, a Vietnamese electric motorcycle manufacturer, as part of its Series B funding round, raising the total capital to $51 million. The funds will enhance production capacity, supply chain, distribution, and R&D. TVS will also provide advisory support to improve governance and growth potential. Dat Bike aims to replace gasoline motorcycles in Vietnam and plans to expand its dealership network to 100 locations this year. Previously, Dat Bike raised $22 million in a funding round co-led by F.C.C. and Rebright Partners.
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