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Hello reader,
I’ve recently thought about getting a motorcycle. Granted, I don’t have a license to drive one, but I’m getting a little lazier, and the cost of owning a car in Singapore has gone through the roof recently.
Like many others, if I were to buy a vehicle, I’d probably want it to be electric. However, it isn’t easy to figure out where and how to charge your vehicle in Singapore. And getting stuck with your EV motorbike on the road under the heat isn’t so appealing.
As such, I’m interested to see how companies like Vietnam-based Selex Motors, which produces electric motorbikes and operates battery-swapping stations, can convince consumers like myself to go electric.
Today we look at:
- Selex Motors’ strategy to drive Vietnamese EV growth
- EFishery’s foray into India
- Other newsy highlights such as new fundraises for a Bangladeshi edtech firm as well as a Singapore-based healthtech startup.
Premium summary
Powering Vietnam’s EV-based future
With new tech, it isn’t enough to have a solution. You also need the right infrastructure to support it and encourage people to adopt it as seamlessly as possible. With EVs, that also means having a good resource for batteries, as charging EVs is a notoriously big challenge in the sector. Could Selex Motors shake things up?
- Press 1 for battery: Selex Motors builds battery-swapping stations that resemble vending machines. For now, these stations are mostly used by delivery drivers, which is part of the firm’s strategy of focusing on the B2B segment almost exclusively.
- The big three: Some of its notable B2B partners are Grab, Gojek, and Lazada. These firms either buy Selex Motors’ EVs or provide financial incentives for drivers to purchase them.
- Two wheels good, four wheels bad: Battery swapping would be most suitable for electric two-wheelers in the B2B segment because on-demand drivers need to maximize their shifts. Additionally, these same batteries are lighter and therefore can be swapped more easily than those used in four-wheelers.
Read more: Selex Motors bets on battery swapping to lead Vietnam’s EV revolution
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Just keep swimming
Get a ticket to this networking mixer on November 14
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