At the close of the third quarter of 2025, OKXE, one of Vietnam’s leading motorcycle technology platforms, announced it has raised its total capital to approximately $14.5 million (VND250 billion). The deal is among the most notable in Vietnam’s mobility technology sector this year, marking a financial milestone in the company’s seven-year growth journey.
Launchpad for green strategies
According to the company, the new funding will serve as a launchpad for its green strategy, with a focus on expanding its gas-to-electric trade-in service that allows users to quickly sell gasoline motorcycles and upgrade to electric models. It also plans to strengthen partnerships with manufacturers such as VinFast and Yadea to diversify its product portfolio, while enhancing the OKXE app with AI and Big Data to improve the buying, selling, and trade-in experience.
“This investment not only provides financial resources but also validates our vision of building a sustainable motorcycle ecosystem and promoting the green mobility transition in Vietnam,” an OKXE representative said.
Founded in October 2018, OKXE began as an online marketplace connecting motorcycle buyers and sellers. Seven years on, OKXE has evolved into a comprehensive ecosystem that includes the OKXE App, a transparent platform for price discovery, buying, selling, and trade-ins. The company also provides inspection and valuation services to ensure safety and trust in every transaction, while its OMO (Online Merge Offline) model integrates online convenience with offline support for both gasoline and electric motorcycles.
The company’s momentum was reinforced in September 2025 when it was named Champion of Startup World Cup Vietnam, earning the right to represent the country at the global finals in Silicon Valley - an achievement seen as a key stepping stone for its regional ambitions in Southeast Asia.
Pioneering Vietnam’s green mobility transition
Looking ahead, OKXE aims to position itself as Vietnam’s leading electric motorcycle platform. Its strategy includes scaling the gas-to-electric trade-in service to reduce costs and emissions, enhancing customer experience through personalized app services powered by AI and Big Data, and promoting a sustainable lifestyle that inspires communities to embrace green mobility. “We remain true to our core DNA - leveraging technology to serve Vietnamese motorcyclists - while boldly transforming to lead the EV transition, in line with the national green mobility strategy and our ambition to expand into Southeast Asia.” the company said.
Industry observers note that the fundraising success is not only a breakthrough for OKXE but also a signal of the rising appeal of Vietnamese startups to global investors, particularly in mobility and green technology. For Vietnam’s startup ecosystem, it is viewed as a foundation to scale further and compete more effectively across the region.
After more than seven years of steady growth, OKXE is entering a new phase - stronger, greener, and more ambitious. With its mission of “Supporting Your Driving Life” and fresh capital in hand, the company seeks to cement its pioneering role in Vietnam’s motorcycle industry and accelerate the transition from gasoline to electric mobility nationwide and beyond.
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