19 October 2023

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19 September 2023
Under the Radar: Why are homegrown firm Ion Mobility’s electric bikes for exports only and what is EnterpriseSG doing to help it generate revenue streams in Singapore?
Do you know that Singapore actually builds electric motorbikes? Yes you’ve heard it right.
While such bikes are not on the roads of Singapore, they are exported to other Southeast Asian markets such as Indonesia.
Our guest for today is one of these electric motorbike manufacturers. Founded in 2019, Ion Mobility is a Singapore-based startup that aims to tap the growing appetite for electric vehicles in Southeast Asia.
The firm launched its M1-S electric scooter in Jakarta in November last year and closed its US$18.7 million Series A round in February this year.
More notably, it also brought in the world’s leading two and three-wheeler manufacturer TVS Motor Company as one of its strategic investors, to further its growth in the electric two wheeler space within Singapore and Indonesia.
So what is Ion Mobility’s growth trajectory like in the near future with this partnership?
Meanwhile, how is the firm working with authorities and agencies within Singapore to open up new business models and develop other products that can be sold within the country?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to James Chan, CEO of Ion Mobility and Lee Pak Sing, Assistant Chief Executive for Trade and Connectivity, EnterpriseSG.

Download this podcast.