China-based two-wheeler startup Omoway has completed series A and series A+ funding rounds worth tens of millions of US dollars each.

Lochpine Capital led the series A+ round. Monolith led the series A round, with participation from a fund under CICC Capital and existing shareholder ZhenFund.

Omoway started its first deliveries of the Omo-X electric motorcycle in Indonesia in June. The company said the model ranked first in Indonesia’s electric motorcycle category by order volume in its first month on the market.

Omoway said it has built a dealer network of dozens of outlets across main Indonesian markets, including Jakarta, Bandung, Surabaya, and Bali. The company plans to expand into Thailand, Singapore, and Europe.

🔗 Source: 36Kr