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?

Your Way Home with Hongbin Jeong · Sep 19, 2023 · 27m

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…