Vietnamese electric motorbike startup Dat Bike on September 18 announced it had successfully raised $22 million in its Series B funding round, bringing its total capital to $47 million.

The round was co-led by F.C.C, a company listed on the Tokyo Stock Exchange, and Rebright Partners, a venture capital firm based in Japan and Singapore. It also saw continued participation from Jungle Ventures, one of Southeast Asia’s leading venture capital firms.

New investors joining this round include Cathay Venture, the venture capital arm of Cathay Financial Group—one of the largest financial institutions of Taiwan (China)—and AiViet Venture, an emerging fund focused on technology and healthcare startups, backed by industry leaders from FPT, MoMo, Galaxy, and Kyber Network.

Vietnam’s electric motorbike industry is undergoing a major transformation, driven by strong government support for green transportation and global efforts to reduce carbon emissions. Notably, Vietnam is implementing measures to phase out fossil fuel-powered motorbikes within Hanoi's Ring Road 1 by July 1, 2026, encouraging individuals and organizations to switch to cleaner vehicles.

A representative from F.C.C stated that through this partnership, both sides aim to contribute to sustainable mobility by addressing local needs, solving social challenges, and leveraging the value created through F.C.C’s global supply chain and operational systems in clutch manufacturing.

Mr. Rishab Malik, Partner – Seed Investments at Jungle Ventures, noted that Vietnam is at a pivotal moment in electrifying its two-wheeler ecosystem. He praised Dat Bike as one of the few companies in Vietnam that fully owns its electric vehicle technology, offering high-quality products with competitive pricing and outstanding performance.

Mr. Nguyen Ba Canh Son, CEO of Dat Bike, said that with strong backing from top global investors, the company is more motivated than ever to accelerate its mission of bringing green vehicles to millions of people in Vietnam and across the region.