Data from the Vietnam Association of Motorcycle Manufacturers (VAMM) shows that traditional manufacturers experienced a noticeable slowdown last year, with total market sales reaching 2.6 million units, down 1.5 per cent year-on-year.
Việt Nam’s electric motorbike market has seen a significant transformation in recent years, emerging as a dynamic landscape for both homegrown manufacturers and global industry players.
According to the General Statistics Office, domestic manufacturers produced an estimated 286,100 new motorcycles in April, a 21.6 per cent increase from March and a 10.4 per cent rise compared to April 2024.
Dat Bike, a Vietnamese technology start-up that plans to make electric motorbikes, has raised US$2.6 million in a pre-series A funding from Singapore’s Jungle Ventures, Wavemaker Partners, Hustle Fund, and iSeed Ventures.