ION Mobility, a Singapore-based smart electric motorbike startup has clinched US$3.3 million in seed funding to launch its first motorbike in Indonesia in 2021, as well as to expand regionally.
The investors in the seed round included venture firms Monk’s Hill Ventures, TNB Aura, Village Global, kipleX, 500 Startups’ South-east Asia-focused 500 Durians fund, an AngelCentral syndicate and Enterprise Singapore’s Seeds Capital.
Lim Kuo-Yi, managing partner of Monk’s Hill Ventures, believes that ION Mobility’s founders are “a rare combination of technical, domain and market know-how in creating the next iconic startup to emerge from South-east Asia.”