Omoway has raised tens of millions of US dollars in pre-A and pre-A+ rounds led by HongShan and Rocket Capital.

Existing investors ZhenFund and Hui Capital, along with founder Todd He, also joined the round.

The Singapore-based company develops smart two-wheeled vehicles and will use the funds for mass production and global expansion of its flagship self-balancing electric motorcycle, the OMO X.

Omoway said the OMO X uses AI-driven self-balancing technology to improve rider stability at low speeds and reduce fatigue.

The company is preparing for commercial launch and aims to become the world’s first mass-produced self-balancing electric motorcycle.

Omoway will launch the OMO X first in Indonesia, working with more than ten local distributors, and sees Southeast Asia as a key initial market.

🔗 Source: Omoway